Limits on Foreign Activity. The Company shall not directly engage in business in any state, territory or country which does not recognize limited liability companies or the effectiveness of the Act in limiting the liabilities of the Members of the Company. If the Company desires to conduct business in any such state, it shall do so through an Entity which will ensure limited liability to the Members.
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement (Diamond Resorts Corp), Operating Agreement (Diamond Resorts Corp)
Limits on Foreign Activity. The Company shall not directly engage in business in any state, territory or country which that does not recognize limited liability companies or the effectiveness of the Act in limiting the liabilities of the Members of the Company. If the Company desires to conduct business in any such state, it shall do so through an a separate Entity which that will ensure limited liability to the Members.
Appears in 1 contract
Limits on Foreign Activity. The Company shall not directly engage in -------------------------- business in any state, territory or country which does not recognize limited liability companies or the effectiveness of the Act in limiting the liabilities of the Members of the Company. If the Company desires to conduct business in any such stateState, it shall do so through an Entity entity which will ensure limited liability to the Members.
Appears in 1 contract
Samples: Operating Agreement (Switzerland County Development Corp)
