Common use of No Representations by the Company Clause in Contracts

No Representations by the Company. Neither the Manager, any other Member, any agent or any employee of the Company or of the Manager, or any other person has at any time expressly or implicitly represented, guaranteed, or warranted to the Member that the Units may be may freely transferred, that a percentage of profit or amount or type of consideration will be realized as a result of an investment in the Units, that past performance or experience on the part of any of the Manager or its Affiliates or any other person in any way indicates the predictable results of the ownership of the Units or of the overall business of the Company, that any cash distributions from the Company’s operations or otherwise will be made to the Members by any specific date or will be made at all, or that any specific tax benefits will accrue as a result of an investment in the Company.

Appears in 3 contracts

Samples: Limited Liability Company, Operating Agreement, California Limited Liability Company

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No Representations by the Company. Neither the Manager, any other Member, Company nor any agent or any employee of the Company or of the ManagerCompany, or nor any other person has at any time expressly or implicitly represented, guaranteed, or warranted to the Member Subscriber that the Units may be Subscriber may freely transferredtransfer the Shares (or the Conversion Shares), that a percentage of profit or and/or amount or type of consideration will be realized as a result of an investment in the UnitsCompany, that past performance or experience on the part of the management of the Company or any of the Manager or its Affiliates their respective affiliates or any other person or entity in any way indicates the predictable results of the ownership of the Units Company or of the overall business of the CompanyCompany business, that any cash distributions from the Company’s operations or otherwise will be made to the Members shareholders by any specific date or will be made at all, or that any specific tax benefits will accrue as a result of an investment in the Company.

Appears in 1 contract

Samples: Subscription Agreement (Hancock Jaffe Laboratories, Inc.)

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