Common use of Purpose of Company Clause in Contracts

Purpose of Company. (a) The purpose of the Company is limited solely to owning, holding, managing, developing, leasing, operating and disposing of the Property, entering into the Loan Documents, refinancing the Property in connection with a permitted repayment or refinancing of the Loan, and transacting any and all lawful business that is incident, necessary and appropriate to accomplish the foregoing.

Purpose of Company. (a) The purpose of the Company is limited solely shall be to owningown, holdingoperate, managinghold, developinglease, leasingmanage, operating finance, acquire, sell, substitute and disposing dispose of, or otherwise deal with or provide services with respect to, the Facilities. The Members acknowledge and agree that the goal of the PropertyCompany is to maximize the Members' return on their investment. Except as otherwise provided herein, entering into the Loan Documents, refinancing the Property Company shall not engage in connection with a permitted repayment or refinancing of the Loan, any other activities and transacting any and businesses unless Approved by all lawful business that is incident, necessary and appropriate to accomplish the foregoingMembers.

Purpose of Company. (a) The purpose purposes of the Company is limited solely shall be to owningacquire, holdingown, managingoperate, developingmanage, leasingdevelop, operating redevelop, finance, refinance, sell, lease and disposing otherwise deal with the Property and assets related thereto, and interests therein, whether directly or indirectly, alone or in association with others. The purposes of the PropertyCompany include, entering into the Loan Documents, refinancing the Property in connection with a permitted repayment or refinancing of the Loan, and transacting any and all lawful business that is incident, necessary and appropriate to accomplish the foregoing.but are not limited to: