Purpose of Company. The principal purpose of the Company shall be to acquire, operate, manage, develop, renovate, upgrade, improve, finance, market and potentially dispose of the Acquired Assets directly, or through one or more Subsidiaries of the Company. The Company may also engage in any other business or activity ancillary thereto that a limited liability company may be engaged in under applicable law, subject to approval of the Board and any other applicable provisions of this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC), Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC)
Purpose of Company. The principal purpose of the Company shall be be: (a) to acquire, operateown, manage, develop, renovate, upgrade, improve, finance, market manage and potentially dispose of the Acquired Assets directly, or through liquidate one or more Subsidiaries Company Assets which shall consist of the Company. The Company may also real property located described in the Supplement, (b) engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing, and (c) to engage in any and all other business or activity ancillary thereto that a limited liability company lawful activities and transactions as may be engaged necessary, advisable, or desirable, as determined by the Manager, in under applicable lawits sole discretion, subject to approval of carry out the Board and foregoing or any other applicable provisions of this Agreement.reasonably related activities.β
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Purpose of Company. The principal purpose of the Company shall be be: (a) to acquire, operateown, manage, develop, renovate, upgrade, improve, finance, market manage and potentially dispose of the Acquired Assets directly, or through liquidate one or more Subsidiaries Company Assets which shall consist of the Company. The Company may also real property located described in the Supplement, (b) engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing, and (c) to engage in any and all other business or activity ancillary thereto that a limited liability company lawful activities and transactions as may be engaged necessary, advisable, or desirable, as determined by the Manager, in under applicable lawits sole discretion, subject to approval of carry out the Board and foregoing or any other applicable provisions of this Agreementreasonably related activities.
Appears in 1 contract
Purpose of Company. The principal purpose of the Company shall be is to acquire, operatesell, managedispose of, develop, renovate, upgrade, improve, finance, market and potentially dispose of the Acquired Assets directly, or through one or more Subsidiaries of the Companyinvest in Investment Securities and to engage in such other activities as are permitted hereby. The Company may also shall not engage in any other business business. In connection with the foregoing, the Company may engage in all activities necessary, customary, convenient or activity ancillary thereto that a limited liability company may be engaged in under applicable lawincident to such purpose, upon the terms and subject to approval of the Board and any other applicable provisions conditions of this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Prudential Insurance Co of America)
Purpose of Company. The principal purpose of the Company is to directly or indirectly carry on the business of acquiring, owning, developing, operating, managing, improving, repairing, renting, mortgaging, refinancing, selling, conveying and otherwise dealing with the Property and all activities reasonably related thereto. In furtherance of such purpose, the Company shall have all such powers as may be to acquire, operate, manage, develop, renovate, upgrade, improve, finance, market and potentially dispose of the Acquired Assets directly, or through one or more Subsidiaries of the Company. The Company may also engage in any other business or activity ancillary thereto that exercised by a limited liability company may be engaged in under applicable law, subject to approval the laws of the Board and any other applicable provisions of this Agreement.State of
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Purpose of Company. The principal purpose of the Company shall be to acquireto, buy, sell, mortgage, encumber, develop, lease, manage, operate, manageinvest in, developdeal in, renovateand otherwise hold undeveloped, upgradecommunity, improveresidential, financeand agricultural real and personal property of all kinds, market including, but not limited to, shopping centers, stores, office buildings, and potentially dispose of apartment complexes. Additionally, the Acquired Assets directly, or through one or more Subsidiaries of the Company. The Company may also acquire such assets and engage in investments of all types and any and all other business or activity ancillary thereto lawful purposes that may be conducted by a limited liability company may be engaged in under applicable law, subject to approval of as deemed appropriate by the Board and any other applicable provisions of this AgreementManager.
Appears in 1 contract
Samples: Operating Agreement