Purpose and Character of Business. The general purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Law. The Company shall have all of the powers of a limited liability company set forth in the Law.
Purpose and Character of Business. The general purpose of the Company is to own and control the Subsidiaries and, through the Subsidiaries, to engage in the Business in accordance with this Agreement and all applicable laws, with a particular view to growing the market share of the beverages sold by the Subsidiaries while maximizing the profits, sales and cash flow of the Company and the Subsidiaries in a manner consistent with the business case model agreed to by the Shareholders. The Shareholders shall ensure that the Business shall be operated in the best interests of the Company and materially in accordance with the AOP and the Strategic Plans.
Purpose and Character of Business. The general purposes of the Company are (i) conducting the Business in accordance with this Agreement, and all applicable laws, with a particular view to maximizing the sales in the Russian Federation of Pepsi Products and snack foods (while and only if the Company is the exclusive distributor of PepsiCo snack foods in the Russian Federation) by enhancing the production, distribution and marketing thereof, and (ii) increasing the profitability and value of the Business. The Members shall ensure that the Business shall be operated in the best interests of the Company.
Purpose and Character of Business. The Company's purpose and --------------------------------- the character of its business shall be to (a) make investments directly or through holding companies in equity and equity-related securities, notes, debentures, limited partnership interests, limited liability company interests, or other equity or debt instruments or other interests or investments of any nature whatsoever, including, without limitation, notes, debentures and common or preferred stock (whether or not convertible or exchangeable), and rights, options and warrants to purchase notes, debentures and common or preferred stock or other securities or debt instruments, or direct or indirect interests in tangible or intangible assets of any kind whatsoever (all of the foregoing being hereafter referred to as "Investments" or as "Portfolio Securities"), in privately or publicly held or solely owned operating or investment businesses or other entities or parts thereof or assets, (b) manage, supervise and dispose of such investments, receiving the profits, losses and income from such activities and engaging in all other activities that are necessary, incidental and ancillary thereto, and (c) pending utilization or disbursement of funds, to invest such funds in Temporary Investments. The Company shall invest only in Investments and Portfolio Securities in which @ Ventures III, L.P., a Delaware limited partnership (the "Domestic Fund"), invests, and in which @ Ventures Foreign Fund III, L.P., a Delaware limited partnership (the "Foreign Fund"), may invest, all in the manner and on the terms contemplated by the Limited Partnership Agreement for the Domestic Fund, as from time to time in effect (the "Domestic Fund Agreement") and by the Limited Partnership Agreement for the Foreign Fund, as from time to time in effect (the "Foreign Fund Agreement"). The Domestic Fund and the Foreign Fund are sometimes hereinafter referred to individually as a "Fund" and collectively as the "Funds," and the Domestic Fund Agreement and the Foreign Fund Agreement are sometimes hereinafter referred to individually as a "Fund Agreement" and collectively as the "Fund Agreements."
Purpose and Character of Business. Except as provided by the Act, the Company may do any and all lawful acts and engage in any and all lawful purposes for which individuals may lawfully associate themselves.
Purpose and Character of Business. The Company's purpose and character of business shall be to (a) make investments directly or through holding companies in equity and equity-related securities, notes, debentures, limited partnership interests, limited liability company interests, or other equity or debt instruments or other interests or investments of any nature whatsoever, including, without limitation, notes, debentures and common or preferred stock (whether or not convertible or exchangeable), and rights, options and warrants to purchase notes, debentures and common or preferred stock or other securities or debt instruments, or direct or indirect interests in tangible or intangible assets of any kind whatsoever (all of the foregoing being hereafter referred to as "Investments" or as "Portfolio Securities"), in privately or publicly held or solely owned operating or investment businesses or other entities or parts thereof or assets, (b) manage, supervise and dispose of such investments, receiving the profits, losses and income from such activities and engaging in all other activities that are necessary, incidental and ancillary thereto, and (c) pending utilization or disbursement of funds, to invest such funds in Temporary Investments. Notwithstanding anything to the contrary contained herein, the Members acknowledge and agree that the Company shall not make any Investments after the date on which @Ventures III, L.P. completes the initial closing of the sale of limited partnership interests, except that this limitation shall not restrict the Company's right to make Follow-on Investments after such date.
Purpose and Character of Business. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act. By way of illustration and not by way of limitation, the Company shall have the power and authority from time to time, subject to the terms of this Agreement, to:
1.2.1 conduct its business, carry on its operations and have and exercise the powers granted to a limited liability company by the Act in any state, territory, district or possession of the United States, or in any foreign country that may be necessary, convenient or incidental to the accomplishment of the purpose of the Company;
1.2.2 acquire by purchase, contribution of property or otherwise, own, hold, operate, maintain, finance, sell, convey, transfer or dispose of any securities or other personal property that may be necessary, convenient or incidental to the accomplishment of the purpose of the Company;
1.2.3 enter into, perform and carry out contracts of any kind, including, without limitation, contracts with any Member, any Affiliate thereof, or any agent of the Company necessary to, in connection with, convenient to or incidental to the accomplishment of the purpose of the Company;
1.2.4 purchase, take, receive, subscribe for or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in or obligations of domestic or foreign corporations, associations, general or limited partnerships (including, without limitation, the power to be admitted as a partner thereof and to exercise the rights and perform the duties created thereby), trusts, limited liability companies (including, without limitation, the power to be admitted as a member or appointed as a manager thereof and to exercise the rights and perform the duties created thereby), or individuals or direct or indirect obligations of the United States or of any government, state, territory, governmental district or municipality or of any instrumentality of any of them;
1.2.5 lend money for its proper purpose, invest and reinvest its funds, take and hold real and personal property for the payment of funds so loaned or invested;
1.2.6 xxx and be sued, complain and defend, and participate in administrative or other proceedings, in its name;
1.2.7 appoint employees and agents of the Company, and defin...
Purpose and Character of Business. The primary purpose of the Company shall be to own and operate SB-1 and SB-1A geothermal power plants located within the Steamboat Springs KGRA approximately 10 miles south of downtown Reno, NV near the intersection of U.S. 395 and the Mt. Rose Highway located on an approximate 30 acre parcel of real property located in Washoe County, Nevada, described in Exhibit "A" attached hereto and made a part hereof. The Company shall have all powers necessary to the accomplishment of such purpose. It is agreed that SB Geo, Inc. shall act as operator of the power plant commencing upon acquisition by the Company, under a separate Operating Agreement to be executed by the Company and SB Geo, Inc. and attached hereto as Exhibit "C".
Purpose and Character of Business. The business of the Company shall be to engage in the following activities:
(a) managing the business and operations of Sandalwood REIT;
(b) acting as the managing member of, and managing the business and operations of, Sandalwood Lodging LLC, a majority-owned subsidiary of Sandalwood REIT; and
(c) managing the business and operations of, and acting as managing member or general partner of, other direct of indirect majority-owned subsidiaries of Sandalwood REIT. Subject to the provisions of Section 7.3, the Company may also invest in, and manage the business and operations of, other entities organized to invest in the lodging industry.
Purpose and Character of Business. The purpose and character of the business of the Partnership is to act as a limited partner of, and to hold an equity interest in, the Project Partnership. The Partnership may do any or all things that may be necessary, convenient, incidental, or appropriate to the conduct of the business and the achievement of the purposes specified above. Without limiting the generality of the foregoing: (a) the Partnership may borrow money from the General Partner in its individual capacity, any Affiliate of the General Partner, any Limited Partner in such Limited Partner’s individual capacity, any Affiliate of any such Limited Partner or any other third person, and may give security therefor and repay such loans, and otherwise enter into, perform and discharge contracts, agreements, instruments and other arrangements with the General Partner in its individual capacity, any Affiliate of the General Partner, any Limited Partner in such Limited Partner’s individual capacity, any Affiliate of any such Limited Partner or any third person, all such transactions and arrangements to be on arms-length terms; (b) the Partnership may act as guarantor of the obligations of, or otherwise for the benefit of, the Project Partnership, and grant one or more security interests in its interest in the Project Partnership; (c) the Partnership may loan money to the Project Partnership; and (d) the Partnership may (i) develop, own, sell, transfer, convey, license, mortgage, pledge, exchange, exploit or otherwise dispose of or deal with all of the property of every nature whatsoever of the Partnership, (ii) incur indebtedness, secured or unsecured, for any of the purposes of the Partnership, (iii) engage in any activities in the opinion of the General Partner that are in furtherance of said purpose and are not prohibited by law and (iv) execute, deliver and perform all of the Operative Documents to which it is a party and all such further documents, writings, agreements, certificates, acknowledgments, applications and instruments incidental thereto, in each case as the same may be amended, modified, supplemented or replaced from time to time.
