Title to Assets; Liens. Unless specifically licensed or leased to the Company, title to the assets of the Company, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Members, individually or collectively, shall have any ownership interest in such assets or any portion thereof or any right of partition. The Company shall be permitted to create, incur, assume or permit to exist Liens on any assets (including Equity Interests or other securities of any Person, including any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (New Mountain Finance AIV Holdings Corp), Limited Liability Company Agreement (New Mountain Finance AIV Holdings Corp), Limited Liability Company Agreement (New Mountain Finance Holdings, L.L.C.)
