Common use of Business and Purpose of the Company Clause in Contracts

Business and Purpose of the Company. The purpose of the Company is to (i) to acquire, develop, operate, manage, finance, manufacture, lease and sell the Equipment, (ii) participate in the Qualified Opportunity Zone program enacted under the Tax Cuts and Jobs Act, of which the Fund intends to qualify as a Qualified Opportunity Fund, and develop and manage the Company to qualify as Qualified Opportunity Zone Property, and (iii) engage in such other activities which are allowed under Utah law in the sole discretion of the Managers.

Business and Purpose of the Company. The purpose of the Company is to (i) to acquire, develop, operate, manage, finance, manufacture, lease qualify as a Qualified Opportunity Fund and sell the Equipment, (ii) participate in the Qualified Opportunity Zone program enacted under the Tax Cuts and Jobs Act, (ii) acquire, hold and, in the Manager’s sole discretion, dispose of which a membership interest in the Fund intends to qualify Venture, act as a Qualified Opportunity Fund, and develop and manage managing member of the Company to qualify as Qualified Opportunity Zone Property, Venture and (iii) engage in any other activities relating or incidental thereto as may be necessary to accomplish such purpose and (v) engage in such other activities as determined by the Manager which are allowed under Utah law in the sole discretion of the Managerslaw.