Ownership of Company Property. All assets owned by the Company shall be owned by the Company as an entity, and held in the name of the Company. The Member shall not hold any ownership interest in any Company property in its own name or right.
Appears in 3 contracts
Samples: Business Combination Agreement (RedBall Acquisition Corp.), Operating Agreement, Operating Agreement
Ownership of Company Property. All assets owned Property acquired by the Company shall be owned by the Company as an entity, and held in the name of the Company. The Member no Member, individually, shall not hold have any ownership interest in any Company property in its own name or righttherein.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Delta Funding Residual Management Inc), Limited Liability Company Agreement (Delta Funding Residual Exchange Co LLC)
Ownership of Company Property. All assets property owned by the Company shall be owned by the Company as an entity, and held in the name of the Company. The No Member (as such) of the Company shall not hold have any ownership interest in any Company property in its his/her own name or right. The Member’s interest in the Company is personal property for all purposes.
Appears in 1 contract
Samples: Operating Agreement
