Common use of Ownership of Company Property Clause in Contracts

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.

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.

Ownership of Company Property. All assets owned by property of the Company Company, including without limitation, the Property, shall be deemed to be owned by the Company as an entityentity and no Member, and individually or collectively, shall have any ownership interest in such property. Title to all property shall be held in the name of the CompanyCompany and not in the name of any Member, any Affiliate or any nominee of any of the foregoing. The Member Property shall not hold any ownership interest in any be recorded as the property of the Company property in on its own name or rightbooks and records.

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.

Ownership of Company Property. All assets real and other property owned by the Company shall be deemed owned by the Company as an entityCompany property. No Member, individually, shall have any direct ownership of such property and title to such property shall be 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.