Common use of Formation of LLC; No Liabilities Clause in Contracts

Formation of LLC; No Liabilities. The LLC is a limited -------------------------------- liability company duly organized, validly existing, and in good standing under the laws of the State of California. Except for obligations or liabilities incurred in connection with its organization, the LLC has not incurred, directly or indirectly, any obligations or liabilities or engaged in any business activities of any type or kind whatsoever or entered into any agreements or arrangements with any Person. The LLC has not heretofore issued any Membership Interests or rights thereto.

Formation of LLC; No Liabilities. The LLC is a limited -------------------------------- liability company duly organized, validly existing, and in good standing under the laws of the State of California. Except for obligations or liabilities incurred in connection with its organization, the LLC has not incurred, directly or indirectly, any obligations or liabilities or engaged in any business activities of any type or kind whatsoever or entered into any agreements or arrangements with any Person. The LLC has not heretofore issued any Membership Interests or rights thereto.