Common use of The General Manager Clause in Contracts

The General Manager. 6.1.1 Cargill shall appoint the General Manager so long as the administration and trading functions of the Company are predominantly operated out of CHS’ facilities. If the Company’s administration and trading functions are moved to any Cargill facility, the General Manager shall be appointed by CHS. The General Manager is hereby vested with such executive and financial authority as to enable him to direct the business and affairs of the Company, subject to the directions of the Board of Managers and in accordance with this Agreement and the annual budget adopted by the Board of Managers. The General Manager shall be authorized to execute documents within the scope of his authority on behalf of the Company that will bind the Company without the necessity of obtaining the signature of either of the Members. The General Manager shall be responsible for the implementation of the various decisions of the Board of Managers and for the day-to-day management and operation of the Company. The General Manager shall regularly inform the Board of Managers of the Company’s ongoing activities. The General Manager shall report to and take direction from the Board of Managers. The General Manager shall enter into transactions on behalf of the Company except that the General Manager is not authorized to take any action on a Fundamental Issue unless the Board of Managers shall have approved such action pursuant to Section 5.4.2. 6.1.2 The General Manager shall provide such reports on the Business and performance of the Company as requested by the Board of Managers from time to time.