Common use of Purposes Clause in Contracts

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act may engage.

Appears in 40 contracts

Samples: Limited Liability Company Agreement (CSE Ripon LLC), Operating Agreement (CSE Ripon LLC), Operating Agreement (CSE Ripon LLC)

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Purposes. The Company has been was formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act may engage.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Hot Springs Cottages Owner, LLC), Limited Liability Company Agreement (OHI Asset (CT) Lender, LLC), Limited Liability Company Agreement (OHI Asset (CT) Lender, LLC)

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act may engage.”

Appears in 3 contracts

Samples: Operating Agreement (OHI Asset (SC) McCormick, LLC), Operating Agreement (OHI Asset HUD CFG, LLC), Operating Agreement (OHI Asset HUD CFG, LLC)

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized and formed pursuant to the Act may engage.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (OHI Asset (CT) Lender, LLC), Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.), Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.)

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing inIn, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act may engage.and

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.), Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.)

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act may engage.and

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.), Limited Liability Company Agreement (Texas Lessor - Stonegate Limited, Inc.)

Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act Code may engage.

Appears in 2 contracts

Samples: Operating Agreement (Hot Springs Cottages Owner, LLC), Operating Agreement (OHI Asset (CT) Lender, LLC)

Purposes. The Company has been is formed for the purposes object and purpose of (a) acquiringengaging in real estate development, sellingmanagement, investing inmarketing and related real estate activities, holding, owning, leasing, managing, operating, granting mortgages on any and security interests inall activities necessary or incidental to the foregoing, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any other lawful business, action act or activity in for which a limited liability company organized companies may be formed pursuant to under the Act may engageAct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Gaylord Entertainment Co /De), Operating Agreement (Gaylord National, LLC)

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Purposes. The Company has been formed for the purposes of (a) acquiring, selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, and (b) engaging in any lawful business, action or activity in which a limited liability company organized formed pursuant to the Act Law may engage.

Appears in 1 contract

Samples: Operating Agreement (Hot Springs Cottages Owner, LLC)

Purposes. The purposes for which the Company has been is formed for are (i) through one or more Subsidiaries, to acquire, lease, operate, manage, finance (including through the purposes Senior Facilities and any refinancings thereof permitted under this Agreement), renovate, cause to be managed, sell (including in a like kind exchange pursuant to Section 1031 of (a) acquiringthe Code), selling, investing in, holding, owning, leasing, managing, operating, granting mortgages on dispose of and security interests in, and acquiring and making loans secured by, real property and personal property and all rights and interests in any manner appertaining or incidental thereto, otherwise deal with the Property and (bii) engaging to engage in any lawful business, action or activity other activities in which a limited liability company organized formed pursuant to furtherance of the Act may engageforegoing.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Purposes. The purposes for which the Company has been are formed for the purposes of are (a) acquiringto purchase, sellingacquire, investing buy, sell, transfer, own, trade in, holdinghold, owningdevelop, leasingimprove, managingfinance, operatinglease, granting mortgages on and security interests inmanage, and acquiring and making loans secured byotherwise deal with real property, real property and personal property and entities owning real or personal property, and to do any and all rights and interests in any manner appertaining things necessary, convenient, or incidental thereto, to that purpose and (b) engaging in any lawful business, action to have and exercise all powers now or activity in which a hereafter conferred by the laws of the State of Maryland on limited liability company organized companies formed pursuant to the Act may engageAct.

Appears in 1 contract

Samples: Operating Agreement (Ryland Group Inc)

Purposes. The Company has been is formed for the purposes purpose of (a) acquiring, sellingdirectly or through Persons in which the Company invests equity or debt, investing franchises to operate, and to own, invest in, holdingdesign, owningconstruct, leasingmaintain, managingmanage and operate, operatingexchange and dispose of, granting mortgages on and security interests inone or more Systems or entities providing telecommunications services, and acquiring and making loans secured by, real property and personal property and to do all rights and interests in any manner appertaining or things reasonably incidental thereto, including borrowing and (b) engaging in any lawful businesslending money and securing such borrowings by mortgage, action pledge, or activity in which a limited liability company organized formed pursuant to the Act may engageother lien, and leasing or disposing of Systems or entities providing telecommunications services.

Appears in 1 contract

Samples: Operating Agreement (Mediacom Capital Corp)

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