Company Purpose. The business of the Company will consist of any activities, businesses or investments permitted by the Act. The purpose of the Company will not be extended by implication or otherwise, but only by the written authorization of the Member.
Company Purpose. The general purposes of the Company are as set forth in the Articles. The Company may exercise all powers reasonable or necessary to pursue such purposes.
Company Purpose. (a) The Company was formed solely for the purpose of acquiring, financing, refinancing, holding, owning, selling, transferring, exchanging, managing and maintaining all of the general partner interests (the “General Partner Interests”) in the Property Owner, acting as the general partner of the Property Owner, executing and performing the obligations of the general partner under the Limited Partnership Agreement of the Property Owner, dated as of the date hereof (as amended from time to time, the “Partnership Agreement”), and transacting any and all lawful business that is incident, necessary and appropriate to accomplish the foregoing. Notwithstanding anything contained herein to the contrary, unless and until that certain loan in the original principal amount of one billion one hundred seven million nine hundred ninety nine thousand nine hundred ten dollars ($1,107,999,910) (the “Loan”) and evidenced by that certain Loan Agreement, dated as of the date hereof (as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Loan Agreement”), among Xxxxxxx Sachs Commercial Mortgage Capital, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”), the Property Owner, W2007 Aquarius Propco, L.P., W2007 Stratosphere Land Propco, L.P., W2007 Arizona Charlie’s Propco, L.P. and W2007 Fresca Propco, L.P. is no longer outstanding, or unless otherwise approved by Lender in writing, the Company shall not engage in any business, and it shall have no purpose, unrelated to that described in the first sentence of this Section 2(a) and shall not acquire any real property or own assets other than such assets and interests as are necessary or desirable and are not prohibited by the terms of the Loan Agreement for the Company to own in conjunction with carrying out the purposes of the Company. Except to the extent permitted in the Loan Agreement, the Company shall not engage in any business other than the acquisition, financing, refinancing, holding, ownership, sale, transferring, exchanging, management and maintenance of the General Partner Interest.
(b) The Company, and the Economic Member or any Officer (as defined herein) on behalf of the Company, are hereby authorized to execute, deliver and perform its obligations under all the organizational documents of the Property Owner (any such actions taken prior to the date hereof are hereby ratified and confirmed in all respects) and...
Company Purpose. The primary purpose of the Company is to source, make and service loans secured by first lien deeds of trust or mortgages on real property located primarily in the United States, and to engage in such other related activities, including without limitation the ownership, operation and sale of real and personal property foreclosed or otherwise acquired in connection with such loans, the purchase and sale of portfolio loans, or the co-investment, co-ownership or co-lending with respect to any of the foregoing activities, as the Company deems reasonably necessary or appropriate to the foregoing purpose, including any and all actions permitted in its operating agreement and Section 4 of this Agreement.
Company Purpose. The purpose of the Company is as stated in the Articles of Organization.
Company Purpose. The Company may exercise all powers necessary to or reasonably connected with the Company’s business from time to time, and may engage in all activities necessary, customary, related or incidental to any of the foregoing.
Company Purpose. Subject to Section 5.07(g), the purpose of the Company shall be to engage in the businesses with respect to the matters set forth in the third Recital to this Agreement and in such other lawful business or activity that is incidental or necessary to accomplish such purpose or that is otherwise permitted by Law (the “Company Purpose”).
Company Purpose. The authorized purpose of the Company is to carry on any lawful business purpose or activity which a limited liability company may carry on under the Act.
Company Purpose. The purpose of the Company is to conduct, operate and carry on the business of an open-end management investment company registered under the 1940 Act (defined below).
Company Purpose. The purpose of LBI is to build strong families by selling good books." We do this by serving and supplying a network of independent Distributors, who in turn market our line of inspirational books, greeting cards, Bibles, DVDs and other items that we may choose to include in the Living Books Product Line. Our vision is that, together, we will have a positive impact on our society and its moral values.
