Limits of Company. The relationship between the parties hereto shall be limited to the carrying on of the business of the Company in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be a limited liability company for the sole and limited purpose of carrying on such business. Except as otherwise provided for or contemplated in this Agreement, nothing herein shall be construed to create a partnership between the Members or to authorize any Member to act as general agent for any other Member.
Limits of Company. (a) The relationship between and among the Members as members of a limited liability company shall be limited to carrying on the business of the Company in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be a limited liability company only for such sole and limited purpose.
Limits of Company. 3 Section 3.4
Limits of Company. (a) The relationship between and among the Parties shall be limited to carrying on the business of the Company in accordance with the terms of this Agreement.
Limits of Company. 43 14.3 Confidentiality; No Press Releases............43 14.4
Limits of Company. The relationship between the Members shall be limited to the performance of matters stated in this Agreement. No Member shall have any authority to act for or to assume any obligation and responsibility on behalf of another Member. Should any Member commit acts beyond the scope of this Agreement which cause liability to be imposed on another Member, the Member committing such acts shall indemnify the other Members against any lost profits and Damages incurred by reason of such acts.
Limits of Company. 2 ARTICLE II DEFINITIONS ............................. 2 ARTICLE III PURPOSE, MEMBER AND MEMBERSHIP INTEREST ............... 4
Limits of Company. The Sole Member intends that the Company shall be treated as a limited company in accordance with the Delaware Act for all purposes under state law; this Agreement shall not be construed to provide otherwise.
Limits of Company. 2 ARTICLE II DEFINITIONS.................................................................................2 ARTICLE III PURPOSE.....................................................................................9
Limits of Company. Each of the Members understands that the other Members or their Affiliates may be interested, directly or indirectly, in various other businesses and undertakings not included in the business of the Company. Each Member also understands that the conduct of the business of the Company may involve business dealings with such other businesses or undertakings. The Members hereby agree that the creation of the Company and the assumption by each of the Members of their duties hereunder shall be without prejudice to their rights (or the rights of their Affiliates) to have such other interests and activities and to receive and enjoy profits or compensation therefrom, and each Member hereby waives any rights it might otherwise have to share or participate in such other interests or activities of the other Members or their Affiliates. The Members and their respective Affiliates may engage in or possess any interest in any other business venture of any nature or description independently or with others including, without limitation, the ownership, financing, leasing, operation, management or development of real property which may compete with the business of the Company, and neither the Company nor any other Member shall have any right by virtue of this Agreement in and to any such other venture or the income or profits derived therefrom.
