Common use of Purposes and Scope of Business Clause in Contracts

Purposes and Scope of Business. The business and purposes of the Company are (a) to enter into Xxxxxxxx/Xxxxx, X.X., a newly formed Texas limited partnership (the "Master Partnership"), as the sole general partner thereof, and in connection therewith, to enter into and execute, as a general partner, the Limited Partnership Agreement of the Master Partnership (as may be amended from time to time, the "Master Agreement"), (b) to own a general partner's interest in the Master Partnership (the "Master Interest"), (c) to do all acts and perform all obligations as a general partner in the Master Partnership, including, without limitation, taking any and all actions necessary, appropriate, convenient, permitted, allowed, or required of the Company under the Master Agreement, and (d) to buy, sell, exchange or otherwise acquire, hold, invest in, and deal with the Company Assets. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.

Purposes and Scope of Business. The business and purposes of the Company are (a) to enter into Xxxxxxxx/XxxxxBuilders FirstSource Texas Installed Sales, X.X.L.P., a newly formed Texas limited partnership (the "Master Partnership"), as the sole general partner thereof, and in connection therewith, to enter into and execute, as a general partner, the Limited Partnership Agreement of the Master Partnership (as may be amended from time to time, the "Master Agreement"), (b) to own a general partner's interest in the Master Partnership (the "Master Interest"), (c) to do all acts and perform all obligations as a general partner in the Master Partnership, including, without limitation, taking any and all actions necessary, appropriate, convenient, permitted, allowed, or required of the Company under the Master Agreement, and (d) to buy, sell, exchange or otherwise acquire, hold, invest in, and deal with the Company Assets. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.

Purposes and Scope of Business. The business and purposes of the Company are (a) to enter into Xxxxxxxx/Xxxxx, X.X., a newly formed Texas limited partnership (the "Master Partnership"), as the sole general a limited partner thereof, and in connection therewith, to enter into and execute, as a general limited partner, the Limited Partnership Agreement of the Master Partnership (as may be amended from time to time, the "Master Agreement"), (b) to own a general limited partner's interest in the Master Partnership (the "Master Interest"), (c) to do all acts and perform all obligations as a general limited partner in the Master Partnership, including, without limitation, taking any and all actions necessary, appropriate, convenient, permitted, allowed, or required of the Company under the Master Agreement, and (d) to buy, sell, exchange or otherwise acquire, hold, invest in, and deal with the Company Assets. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.

Purposes and Scope of Business. The business and purposes of the Company are (a) to enter into Xxxxxxxx/XxxxxBuilders FirstSource Intellectual Property, X.X.L.P., a newly formed Texas limited partnership (the "Master Partnership"), as the sole general partner thereof, and in connection therewith, to enter into and execute, as a general partner, the Limited Partnership Agreement of the Master Partnership (as may be amended from time to time, the "Master Agreement"), (b) to own a general partner's interest in the Master Partnership (the "Master Interest"), (c) to do all acts and perform all obligations as a general partner in the Master Partnership, including, without limitation, taking any and all actions necessary, appropriate, convenient, permitted, allowed, or required of the Company under the Master Agreement, and (d) to buy, sell, exchange or otherwise acquire, hold, invest in, and deal with the Company Assets. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.