Common use of Ownership of Company Property Clause in Contracts

Ownership of Company Property. All property acquired by the Company, real or personal, tangible or intangible, shall be owned by the Company as an entity and no Member or Assignee, individually, shall have any ownership interest therein solely due to its capacity as a Member or Assignee.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Zentalis Pharmaceuticals, Inc.), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC)

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Ownership of Company Property. All property acquired by the Company, real or personal, tangible or intangible, shall be owned by the Company as an entity entity, and no Member or AssigneeMember, individually, shall have any ownership interest therein solely due to its capacity as a Member or AssigneeMember.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (KC Holdco, LLC), Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Interest Contribution Agreement (First Capital Real Estate Trust Inc)

Ownership of Company Property. All property acquired by the Company, real or personal, tangible or intangible, shall be owned by the Company as an entity entity, and no Member or AssigneeMember, individually, shall have any ownership interest therein solely due to her, his or its capacity as a Member or AssigneeMember.

Appears in 2 contracts

Samples: Unit Transfer Agreement (INVO Bioscience, Inc.), Unit Transfer Agreement (INVO Bioscience, Inc.)

Ownership of Company Property. All property acquired by the Company, real or personal, tangible or intangible, shall be owned by the Company as an entity and no Member or AssigneeMember, individually, shall have any ownership interest therein solely due to its capacity as a Member or AssigneeMember.

Appears in 2 contracts

Samples: Separation and Distribution Agreement (Viamet Pharmaceuticals Holdings LLC), Limited Liability Company Agreement (Philadelphia Energy Solutions Inc.)

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Ownership of Company Property. All property contributed to or acquired by the CompanyCompany (including all intellectual property associated with the Business), real or personal, tangible or intangible, shall be owned by the Company as an entity entity, and no Member or AssigneeMember, individually, shall have any ownership interest therein solely due to its capacity as a Member or Assigneetherein.

Appears in 1 contract

Samples: Operating Agreement (Cedric Kushner Promotions Inc)

Ownership of Company Property. All property acquired by the Company, real or personal, tangible or intangible, shall be owned by the Company as an entity entity, and no Member or AssigneeMember, individually, shall have any ownership interest therein solely due to its capacity as a Member or Assigneetherein.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Geospatial Holdings, Inc.)

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