Common use of No Payments of Individual Obligations Clause in Contracts

No Payments of Individual Obligations. The Members shall use the Company’s credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred for or in payment of any individual obligation of any Member.

Appears in 22 contracts

Samples: Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.)

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No Payments of Individual Obligations. The Members shall use the Company’s credit and assets solely for the benefit of the Company. No Other than as set forth in an Additional Agreement, no asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (CityCenter Holdings, LLC)

No Payments of Individual Obligations. The Members shall use the Company’s credit and assets shall be used solely for the benefit of the Company. No , and an asset of the Company shall not be Transferred for or encumbered for, or in payment of of, any individual obligation of any Unitholder, Member, or Director.

Appears in 5 contracts

Samples: LLC Agreement, Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (U. S. Premium Beef, LLC)

No Payments of Individual Obligations. The Members shall use the Company’s credit and assets shall be used solely for the benefit of the Company. No , and an asset of the Company shall not be Transferred for or encumbered for, or in payment of of, any individual obligation of any Unitholder, Member, or Manager.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Blackhawk Biofuels, LLC), Operating Agreement (Millennium Ethanol, LLC), Operating Agreement (Bootheel Agri-Energy LLC)

No Payments of Individual Obligations. The Members shall use the Company’s 's credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Agco Corp /De)

No Payments of Individual Obligations. The Members Member shall use the Company’s 's credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of Member or of any MemberAffiliate of Member or entity in which any direct or indirect holder of any interest in the Company has an interest.

Appears in 1 contract

Samples: Agreement

No Payments of Individual Obligations. The Members shall use the Company’s credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred transferred or encumbered for or used in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement

No Payments of Individual Obligations. The Manager and the Members shall use the Company’s credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement (B & B B, Inc.)

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No Payments of Individual Obligations. The Members shall use the Company’s credit and assets solely for the benefit of the Company. No asset assets of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (OPC Residential Properties Trust, Inc.)

No Payments of Individual Obligations. The Except as otherwise provided in this Agreement, the Members shall use the Company’s credit and assets solely for the benefit of the Company. No Except as otherwise provided in this Agreement, no asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement

No Payments of Individual Obligations. The Members shall use the Company’s credit and assets solely for the benefit of the Company. No Subject to Section 14.03(a), no asset of the Company shall be Transferred for or in payment of any individual obligation of any Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Laredo Oil, Inc.)

No Payments of Individual Obligations. The Members shall use the Company’s 's credit and assets solely for the benefit of the Company. No asset of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement (HMG Courtland Properties Inc)

No Payments of Individual Obligations. The Members shall use the ------------------------------------- Company’s 's credit and assets solely for the benefit of the Company. No asset assets of the Company shall be Transferred transferred or encumbered for or in payment of any individual obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement (Highwoods Realty LTD Partnership)

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