Common use of Payments of Individual Obligations Clause in Contracts

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

Appears in 2 contracts

Samples: Operating Agreement (Rogers International Raw Materials Fund Lp), Operating Agreement (Rogers International Raw Materials Fund Lp)

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

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Integrated Defense Technologies Inc)

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Payments of Individual Obligations. The Members shall use the Company's credit and assets Assets shall be used solely for the benefit of the Company Company, and no such asset of the Company shall be transferred or encumbered for for, or in payment of of, any individual obligation of a any Member.

Appears in 1 contract

Samples: Operating Agreement (Ibf Vi Guaranteed Income Fund)

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