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. Except as provided by the Act, the Company may pursue any purpose or purposes that may be lawfully pursued by any Person.
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. The Company shall have the power, whether conducted directly or indirectly through any type of Investment in any type of Person, to engage in any activity permitted by law related or complementary to the following activities and approved by the Company Manager: acquiring, owning, holding, maintaining, improving, constructing, developing, operating, managing, leasing, selling, exchanging and otherwise dealing with real property; the provision of management, leasing, brokerage, development, construction, construction management or other consulting services in respect of real estate; any other business or activity approved by the Company Manager, and the financing of any of the foregoing activities. Without limiting the generality of the foregoing, (a) Investments may take the form of acquisitions of interests in general partnerships, limited partnerships, joint ventures, corporations, syndicates, associations, business trusts, limited liability companies, undivided interests in real property or co-tenancies in real property, sale-leaseback transactions, or the direct acquisition of investment assets; (b) the Company may acquire interests in property subject to, or by assuming, the liens, encumbrances and other title exceptions which affect the property; and (c) the Company may guarantee debts or obligations of any other Person, pledge, mortgage, encumber and grant security interests in Company property, and buy, sell, lease and deal in services, personal property and real property.
Purpose and Character of Business. The Partnership is formed to issue, administer and repay Securities (as defined in the Indenture) being issued pursuant to and authenticated under that certain Indenture by and among the Partnership, F.N.B. Corporation, as Guarantor and X.X. Xxxxxx Trust Company, National Association, as Trustee ("Trustee"), dated as of January ____, 2005 (the "Indenture"), as well as to perform any other actions necessary or appropriate to effectuate the issuance, administration and repayment of such Securities.
Purpose and Character of Business. 2 SECTION 1.5. Powers..............................................2 SECTION 1.6. Duration............................................2 SECTION 1.7. Filings, Reports and Formalities....................2
Purpose and Character of Business. The business of the Company shall be to engage in the following activities:
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.
