Purpose and Scope of the Company. The Company was formed primarily to acquire (or enter into co-investments in), hold, operate, and dispose of investment real estate properties (the “Properties”) and to engage or participate in any other lawful related activities in which limited liability companies formed in the State of Delaware may engage or participate, as may be determined in the sole and absolute discretion of the Manager. It is the intent of the Members that the Company shall be at all times taxable as a REIT and thus shall be primarily engaged in the investment and reinvestment of its funds and other assets in real property, interests in real property, mortgages secured by real property, leasehold interests in real property, and interests in mortgages on real property. If, however, the Manager is of the opinion that investment in real estate assets at any particular time is not prudent because of market or economic conditions, the Trust’s assets may be maintained in cash or government securities, or both or any other investments which will not result in the Company losing its status as a REIT as now enacted or hereinafter amended. The Company shall not be primarily engaged in investing, reinvesting, or trading in securities. Notwithstanding the foregoing, the Members consent to the Manager revoking the Company’s status as a REIT and electing for the Company to be taxed as an Association if the Manager believes such action is appropriate in the Manager’s sole discretion.
Purpose and Scope of the Company. The Company was formed to acquire, renovate, finance, operate, lease and sell real estate properties, as determined in the Manager’s sole discretion, and to conduct any and all activities necessary or incidental to the foregoing as may be determined in the sole and absolute discretion of the Manager.
Purpose and Scope of the Company. The purpose of the Company is to engage in any lawful activity for which a Limited Liability Company may be organized in Wyoming.
Purpose and Scope of the Company. (a) The purpose and scope of the Company is to, together with the UK Acquisition Co., own the entities comprising, and oversee the activities of, the Westinghouse Group.
(b) The Shareholders understand and acknowledge that the entities comprising the Westinghouse Group will be consolidated Subsidiaries of Toshiba.
Purpose and Scope of the Company. The purpose of the Company shall be to pursue any lawful business, purpose or activity permitted by the Act. The Company, acting by and through its managers ("Managers") or officers, shall have all powers necessary or desirable in connection with the foregoing, including but not limited to, the power to: (i) enter into agreements, and execute documents and instruments, including leases, mortgages, evidences of indebtedness, construction, development, management, and other contracts; (ii) borrow money, and open and maintain bank accounts authorizing withdrawals on the signatures of one or more Persons as the board of managers of the Company (the "Board of Managers") may designate; (iii) sell or assign any or all of the assets of the Company; and (iv) execute such other documents and take such other actions as may be necessary or desirable from time to time to carry out any purpose authorized pursuant to this Section 3.1.
Purpose and Scope of the Company. (a) The purpose and scope of the Company is to, together with the UK Acquisition Co., own the entities comprising, and oversee the activities of, the Westinghouse Group.
Purpose and Scope of the Company. The Company was formed primarily to acquire interests in real esttae assets as determined by the Manager. The Company may engage in any other lawful activities which are related or incidental to the foregoing purposes, as may be determined in the sole and absolute discretion of the Manager.
