Nature of Members’ Interests. The interests of the Members in the Company are personal property for all purposes. All property owned by the Company, whether real or personal, tangible or intangible, shall be owned by the Company as an entity, and no Member shall have any direct ownership of all or any portion of such property or any right to use such property for any purpose other than a purpose of the Company.
Appears in 2 contracts
Samples: Operating Agreement (American Sierra Gold Corp.), Operating Agreement (American Sierra Gold Corp.)
Nature of Members’ Interests. The interests of the Members in the Company are shall be personal property for all purposes. All property owned by Legal title to all Property shall be held in the name of the Company. Neither any Member nor any successor, whether real representative or personalassign of any Member, tangible or intangible, shall be owned by the Company as an entity, and no Member shall have any direct ownership of all right, title or interest in or to any portion of such property Property or any the right to use such property for partition any purpose other than a purpose of the CompanyProperty.
Appears in 1 contract
Samples: Operating Agreement (Bespoke Capital Acquisition Corp)
Nature of Members’ Interests. The interests Interests of the Members in the Company are shall be personal property for all purposes. All property owned by the Company, whether real or personal, tangible or intangible, shall be owned by the Company as an entity, and no Member shall have any direct ownership of all or any portion of such property or any right to use such property for any purpose other than a purpose of the Company.
Appears in 1 contract
Samples: Operating Agreement (Universal Health Realty Income Trust)
