Common use of Purpose of Entity Clause in Contracts

Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, or other entity, it was not organized for the specific purpose of acquiring the Membership Interest.

Appears in 6 contracts

Samples: Operating Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)

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Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, or other entity, it was not organized for the specific purpose of acquiring the Membership InterestInterests.

Appears in 3 contracts

Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)

Purpose of Entity. If the such Member is a corporation, partnership, ----------------- limited liability company, trust, or other entity, it then (a) such Member was not organized for the specific purpose of acquiring any Membership Interests, and (b) such Member may legally acquire, invest in and own Membership Interests, and (c) such Member may legally act as Manager of the Membership InterestCompany.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)

Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, trust or other entity, it was not organized for the specific purpose of acquiring the Membership Interest.

Appears in 2 contracts

Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, trust or other entityEntity, then it was not organized for the specific purpose of acquiring the Membership InterestClass A Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, trust or other entityEntity, it was not organized for the specific purpose of acquiring the Membership InterestUnits.

Appears in 1 contract

Samples: Operating Agreement (4 Kids Entertainment Inc)

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Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, or other entity, it was not organized for the specific purpose of acquiring the Membership Interestmembership interest.

Appears in 1 contract

Samples: Operating Agreement

Purpose of Entity. If the Member is a corporation, partnership, ----------------- limited liability company, trust, or other entity, it was not organized for the specific purpose of acquiring the Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Purpose of Entity. If the Member is a corporation, partnership, limited liability company, trust, or other entityEntity, then it was not organized for the specific purpose of acquiring the Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Owens Mortgage Investment Fund a Calif LTD Partnership)

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