Subject to the terms of the Asset Management Agreement and Section 6.3 hereof, the powers of the Company shall be exercised by and under the authority of, and the affairs of the Company shall be managed by and under the joint direction of, the Cindat Member and the Hersha Member.  Each Hotel Lessee will implement management of each Hotel through the hiring of the Hotel Manager pursuant to each applicable Hotel Management Agreement. The Company may delegate certain day-to-day asset management decisions with respect to the Company to the Asset Manager, as defined in and pursuant to the Asset Management Agreement. The Hotel Manager will manage the business and affairs of its respective Hotel in compliance with the then current business plan and budget approved by the respective Hotel Lessees and the terms of the applicable Hotel Management Agreement.