Common use of Safekeeping of Company Assets Clause in Contracts

Safekeeping of Company Assets. Manager shall not employ Company funds or Company Assets in any manner except for the exclusive benefit of the Company. Manager shall at all times use commercially reasonable efforts at the Company’s expense to maintain the minimum insurance coverage on the Project approved by the Members from time to time in connection with the approval of the Development Plan or the Annual Plan with respect to the Project. 21

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Safekeeping of Company Assets. Manager shall not employ Company funds or Company Assets in any manner except for the exclusive benefit of the Company. Manager shall at all times use commercially reasonable efforts at the Company’s expense to maintain the minimum insurance coverage on the each Project approved by the Members from time to time in connection with the approval of the Development Plan or the Annual Plan with respect to the Project. 21.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Winter Sports Inc /New)

Safekeeping of Company Assets. Manager shall not employ Company funds or Company Assets in any manner except for the exclusive benefit of the Company. Manager shall at all times use commercially reasonable efforts at the Company’s expense to maintain the minimum insurance coverage on the Project approved in amounts determined by the Members from time to time Manager in connection with the approval of the Development Plan or the Annual Plan with respect to the Project. 21its sole discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Winter Sports Inc /New)

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Safekeeping of Company Assets. Manager shall not employ Company funds or Company Assets in any manner except for the exclusive benefit of the Company. Manager shall at all times use commercially reasonable efforts at the Company’s expense to maintain the minimum insurance coverage on the Project approved by the Members from time to time in connection with the approval of the Development Plan or the Annual Plan with respect to the Project. 21.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Winter Sports Inc /New)

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