CORPORATE PURPOSES Sample Clauses
The "Corporate Purposes" clause defines the specific activities and objectives for which a corporation is formed. It typically outlines the business areas the company is authorized to engage in, such as manufacturing, providing services, or conducting research, and may be broad or narrowly tailored depending on the company's intentions. By clearly stating the scope of permissible activities, this clause ensures legal compliance and helps prevent the corporation from acting beyond its authorized powers, thereby protecting shareholders and third parties.
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CORPORATE PURPOSES. The nature of the business or purposes to be conducted or promoted by the Corporation are to engage in any lawful act or activity for which corporations may be organized under the Delaware General Corporation Law (as amended from time to time, the “DGCL”).
CORPORATE PURPOSES. The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.
CORPORATE PURPOSES. Each Guarantor’s Obligations, whether arising hereunder, under any of the other Loan Documents or any other agreement under which such Obligations arise or otherwise, are in furtherance of its corporate or applicable organizational purposes.
CORPORATE PURPOSES. The Company shall pursue the following business purposes:
(a) the importation, marketing, distribution, licensing and sale of the Products in the Territory through all legitimate channels, including direct, through subdistributors and OEMS;
(b) the provision of technical support services for the Products and contract services relating to the Products; and
(c) other business activities which the Board of Directors of the Company may from time to time decide.
CORPORATE PURPOSES. The purposes for which the Corporation is organized are: exclusively charitable, educational and scientific within the meaning of Sec. 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), or the corresponding provision of any future United States Internal Revenue law. Notwithstanding anything to the contrary, the Corporation is organized and will operate exclusively for the benefit of ▇▇▇▇▇▇▇ Hospital, an Illinois not for profit corporation exempt as an organization described in both Sec.501(c)(3) and Sec. 509(a)(1) of the Code. No part of the net earnings of the Corporation shall inure to the benefit of any private individual; no part of the income of the Corporation shall be distributed to its trustees or officers, provided, however, that the payment of reasonable compensation for services rendered shall not be deemed a distribution of income. No substantial part of the activities of the Corporation shall consist of carrying on propaganda or otherwise attempting to influence legislation. The Corporation shall not participate in, or intervene in (including the publication or distribution of statements) any political campaign on behalf of or against any candidate for public office. The Corporation shall possess all powers which a corporation organized under the General Not for Profit Corporation Act of the State of Illinois, as the same from time to time may be amended, may possess, including the power to use, distribute, contribute, expend, donate, apply and appropriate all of its property and assets, and all proceeds and avails thereof, and income and profit derived therefrom, exclusively for charitable, educational or scientific purposes; provided, however, the Corporation shall not engage in any business which would disqualify it from being exempt from taxation under Sec.501(c)(3) of the Code, or the corresponding provision of any future United States Internal Revenue law. Anything herein contained to the contrary notwithstanding, no assets of the Corporation shall be donated, distributed, applied to, paid over or otherwise used or employed in any manner which would disqualify the Corporation from being exempt from taxation as an organization described in Sec.501(c)(3) of the Code.
CORPORATE PURPOSES. The purpose or purposes for which the corporation is organized are:
(a) To act as a bank holding company, with all of the rights, powers and privileges, and subject to all of the limitations, specified in any applicable state or federal legislation from time to time in effect; and
(b) To engage in any other activities within the purposes for which corporations may be organized under the New Jersey Business Corporation Act.
CORPORATE PURPOSES. The purposes for which the Surviving Corporation is formed are to engage in any lawful act or activity for which corporations may be formed under the general corporation law of Delaware.
CORPORATE PURPOSES. The purpose for which the Corporation is organized is to engage in any and all lawful acts and activity for which corporations may be organized under the Pennsylvania BCL. SIXTH: Corporate Existence. The term of existence of the Corporation is perpetual.
CORPORATE PURPOSES. Corporate Purposes" means the variety of transactions through which the Company might otherwise issue Company Stock, including a public or private offering of Company Stock, conversion of debt or preferred stock issued by the Company and convertible into Company Stock, exercise of stock optons or warrants to purchase Company Stock, and acquisitions funded or paid for through the issuance of Company Stock.
CORPORATE PURPOSES. 4 5.2 Cooperation................................................ 4 ARTICLE 6 - CAPITAL OF THE COMPANY; SHAREHOLDERS AND ASSETS.............. 4