Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity 15.1.1 The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
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Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Cross- Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 11 11 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 11 12 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity
15.1.1 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Collateral- ization Agreements, the Company shall at all timed time conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 11 12 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)
Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity:
15.1.1 11 12 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person;
Appears in 1 contract
Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)