Laserfiche WebLink
6.12 Rights and Powers of the Manager. In addition to the rights and powers <br />conferred in this Agreement, the Manager shall have all rights, powers, and authorities <br />required by or appropriate to its duties under this Agreement or applicable law as may be <br />necessary or advisable for the management of the Company. Except as provided to the <br />contrary in this Agreement, those rights and powers shall include the following, to be <br />exercised in furtherance of the Company and its Business: <br />(a) To establish and maintain checking, savings, money market, mutual fund, <br />cash management, or similar accounts in any commercial bank, savings and loan, <br />brokerage firm, or other financial institution; draw checks and other orders for <br />paying money, and designate individuals with authority to sign or give instructions <br />with. respect to those accounts and arrangements, and to pay all expenses <br />reasonably incurred in the operation or administration of the Company and its <br />Business; <br />(b) To sell, without notice, at public or private sale, and to convey, mortgage, <br />refinance, lease for any term, pledge, partition, appraise, apportion, divide in kind, <br />borrow on, hypothecate or give options for any and all of the Company Property, <br />whether realty or personalty, upon such terms and conditions as the Manager may <br />deem appropriate, in its discretion; <br />(c) To purchase, acquire, own, lease, develop, manage and operate, either <br />directly or indirectly, improved or unimproved real estate and personal property, <br />tangible or intangible (or any interest or interests therein, including the power to <br />purchase or lease rights for the exploration for and the removal of gas, oil and all <br />other minerals) and to carry on all related activities and to invest and reinvest any <br />properties, funds or monies of the Company in such property, real or personal; <br />(d) To borrow money for any Company purpose and to encumber, pledge or <br />hypothecate all or any part of the Company Property as security therefor; <br />(e) To borrow or lend money for Company purposes, to loan funds to any <br />Member on terms and conditions deemed reasonable by the Manager in its <br />discretion, to execute and deliver all instruments, deeds of trust, mortgages, <br />security agreements, assignments, and other security documents relating to all or a <br />portion of the Company Property as may be necessary or advisable for the <br />operation of the Business; <br />(f) To retain any and all property in the form received by the Company without <br />regard to its productivity or the proportion that any one asset or class of assets may <br />bear to the whole, without liability or responsibility for loss of income from or <br />depreciation in the value of any such property, and to invest in accordance with <br />modern portfolio theories; <br />