Purposes and General Powers Sample Clauses

Purposes and General Powers. The purposes of the Company shall be to acquire, develop, lease and sell oil and gas properties and to engage in any and all other activities incidental or related to any of the foregoing. Unless hereafter restricted by amendments to this Agreement or to the Company’s Articles of Organization (the “Articles”), the Company shall have and may exercise all powers and rights which a limited liability company may legally exercise pursuant to the Ohio Limited Liability Companies Act, Ohio Revised Code Chapter 1705 (the “Act”).
Sample 1
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Purposes and General Powers. The purposes of the Company shall be to: (a) acquire the Contributed Assets (as defined in Section 10(a)), subject to certain liabilities, which have been used by the Additional Parties in the operation of dental practices specializing in the treatment of children, including primarily children covered by Arizona’s Medicaid program called Arizona Health Care Cost Containment System (the “Business“) and otherwise consummate the transactions contemplated by the Contribution Agreement; (b) contribute the Contributed Assets to a newly formed wholly-owned Delaware limited liability company subsidiary of the Company named Care for Kids of Arizona, LLC (“Arizona Subsidiary”); (c) cause Arizona Subsidiary to operate the Business; (d) finance the operation of the Business by Arizona Subsidiary; (e) cause the Business to be expanded as deemed appropriate by the Managers; (f) expand the Company’s operations into other states by owning or providing administrative services to dental practices similar to the Business; (g) engage in any other transactions or activities as may be approved by the Members; and (h) engage in any and all other lawful activities incidental or related to any of the foregoing. Except as may be restricted by the Certificate and subject to applicable law in the state or states in which the Company operates, the Company shall have and may exercise all powers and rights which a limited liability company may legally exercise pursuant to the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101, et seq., as amended from time to time (the “Delaware Act”).
Sample 1

Related to Purposes and General Powers

  • General Powers The business and affairs of the corporation shall be managed by its board of directors. The directors shall in all cases act as a board, and they may adopt such rules and regulations for the conduct of their meetings and the management of the corporation, as they may deem proper, not inconsistent with these by-laws and the laws of this State.

  • Purposes and Powers The purpose of the Trust is to engage in the following activities:

  • Additional Powers The Trustees shall have the power and authority on behalf of the Trust:

  • Purposes; Powers (a) The purposes of the Partnership shall be, directly or indirectly through subsidiaries or Affiliates:

  • Limitation of Powers Each Trust shall be constituted solely for the purpose of making the investment in the Equipment Notes provided for in the related Trust Supplement, and, except as set forth herein, the Trustee shall not be authorized or empowered to acquire any other investments or engage in any other activities and, in particular, the Trustee shall not be authorized or empowered to do anything that would cause such Trust to fail to qualify as a “grantor trust” for federal income tax purposes (including, as subject to this restriction, acquiring any Aircraft (as defined in the respective Indentures) by bidding such Equipment Notes or otherwise, or taking any action with respect to any such Aircraft once acquired).

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and

  • Formation Term Purpose and Powers Section 2.01.

  • Operation of Properties The Borrower will and will cause each Subsidiary to operate its Properties or cause such Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.

  • Miscellaneous and General 9.1. Survival.....................................................................49 9.2. Modification or Amendment....................................................50 9.3.

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