Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 66 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) : _______________________________________________________; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 58 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. a) The purposes purpose of the Company shall be: (i) andAND (ii) To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 50 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 43 contracts

Samples: Sole Member Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. a) The purposes purpose of the Company shall be: (i) and (ii) : [BRIEFLY DESCRIBE THE PURPOSE OF THE COMPANY HERE]. To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 39 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. a) The purposes of the Company shall will be: (i) and (ii) To carry out, engage in, or otherwise perform or engage in any and all activities and/or actions, endeavors, or businesses for which that a limited liability companies company may be engaged legally participate in under the Statutes. b) The Company shall so formed will have all powers necessary the authority and convenient power needed and useful to affect any purpose for which carry out the purposes it is formedhas been formed for, including all powers granted included the authority and power given by the Statutes.

Appears in 9 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. (a) The purposes purpose of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Benefit Holding, Inc.), Operating Agreement (Groundfloor Real Estate 3, LLC), Operating Agreement (Groundfloor Yield LLC)

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) : _______________________________________________________; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Purposes and Powers. (a) The purposes purpose of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers which are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 4 contracts

Samples: Investor Operating Agreement, Investor Operating Agreement, Operating Agreement (Hni Corp)

Purposes and Powers. (a) The purposes of purpose for which the Company shall be: (i) and (ii) To perform is organized is to transact any or engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct. The Company shall carry out the foregoing activities pursuant to the arrangements set forth in the Certificate of the Company and this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Industries Inc)

Purposes and Powers. (a) The purposes of purpose for which the Company shall be: (i) and (ii) To perform is organized is to transact any or engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers which are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct. The Company shall carry out the foregoing activities pursuant to the arrangements set forth in the Certificate of the Company and this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (First Cash, Ltd.), Limited Liability Company Agreement (Exco Resources Inc)

Purposes and Powers. a) The purposes of the Company shall be: be to (ia) and own, manage, finance, refinance, sell, hold, rehabilitate, develop, reposition, pledge, hypothecate, hedge, exchange and otherwise deal in and with the Property; and (iib) To perform or engage in conduct any and all activities and/or businesses for which limited liability companies may be engaged under related or incidental to the Statutes. b) foregoing purposes. The Company shall have be empowered to do any and all powers acts and things necessary and convenient to affect any purpose appropriate for which it is formed, including all powers granted by the Statutesfurtherance and accomplishment of the purposes described in this Section 2.3.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Asset Purchase Agreement (Rhove Real Estate 1, LLC)

Purposes and Powers. (a) The purposes purpose and business of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers which are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Purposes and Powers. (a) The purposes purpose and business of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Glacier CORP)

Purposes and Powers. a) The purposes of the Company shall will be: (i) and (ii) : _______________________________________________________; and To carry out, engage in, or otherwise perform or engage in any and all activities and/or actions, endeavors, or businesses for which that a limited liability companies company may be engaged legally participate in under the Statutes. b) . The Company shall so formed will have all powers necessary the authority and convenient power needed and useful to affect any purpose for which carry out the purposes it is formedhas been formed for, including all powers granted included the authority and power given by the Statutes.

Appears in 1 contract

Samples: Operating Agreement

Purposes and Powers. (a) The purposes purpose and business of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct unless a more limited purpose is stated in the Articles of Organization. (b) The Company shall have any and all powers which are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 1 contract

Samples: Operating Agreement (Qorvo Texas, LLC)

AutoNDA by SimpleDocs

Purposes and Powers. (a) The purposes and character of the business of the Company shall be: (i) and (ii) To perform be to accomplish any or engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesLaw. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesLaw. The Company shall carry out the foregoing activities pursuant to the arrangements set forth in the Certificate of Formation of the Company and this Agreement.

Appears in 1 contract

Samples: Company Agreement (Cabana Beverages, Inc.)

Purposes and Powers. aa.) The purposes of the Company shall be: (i: i.) and ([BUSINESS PURPOSE]; and ii.) To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b. b.) The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes. 3.

Appears in 1 contract

Samples: Operating Agreement

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) : ; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Operating Agreement

Purposes and Powers. (a) The purposes purpose of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged maybe organized under the StatutesAct. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 1 contract

Samples: Operating Agreement (Sealy Texas Holdings LLC)

Purposes and Powers. (a) The purposes and character of the business of the Company shall be: (i) and (ii) To perform be to accomplish any or engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesLaw. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the extent the same may be legally exercised by limited liability companies under the Statutes.Law. The Company shall carry out the foregoing activities pursuant to the arrangements set forth in the Certificate of Formation of the Company and this Agreement

Appears in 1 contract

Samples: Company Agreement (Cabana Beverages, Inc.)

Purposes and Powers. a) The purposes of the Company shall be: (i) i. [BUSINESS PURPOSE]; and (ii) . To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Operating Agreement

Purposes and Powers. (a) The purposes purpose of the Company shall be: (i) and (ii) To perform or be to engage in any and all activities and/or businesses lawful business for which limited liability companies may be engaged organized under the StatutesAct. (b) The Company shall have any and all powers that are necessary or desirable to carry out the purposes and convenient business of the Company, to affect any purpose for which it is formed, including all powers granted the-extent the same may be legally exercised by limited liability companies under the StatutesAct.

Appears in 1 contract

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

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) : [DESCRIBE COMPANY PURPOSE], To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Operating Agreement

Purposes and Powers. a) The purposes of the Company shall be: (i) and (ii) : [BUSINESS PURPOSE]; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b) . The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Single Member Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!