Title to Company Assets. The assets of the Company shall be owned by the Company as an entity. No Member shall have any ownership interest (but may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any Member.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership), Limited Liability Company Agreement (CBL & Associates Limited Partnership), Limited Liability Company Agreement (CBL & Associates Limited Partnership)
Title to Company Assets. The Company assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Member, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held only in the name of the Company or a wholly-owned Subsidiary of the Company. All Company assets shall be recorded as the property of the Company on its books and not in records, irrespective of the name of any Memberin which legal title to such Company assets is held.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Agreement (Vertex Energy Inc.)
Title to Company Assets. The Company’s assets of the Company shall will be deemed to be owned by the Company as an entity. No Member shall , and no Member, individually or collectively, will have any ownership interest (but may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the any Company shall hold all assets of the Company in the name of the Company and not in the name of asset or any Memberportion thereof.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Tiptree Financial Inc.), Contribution Agreement (Care Investment Trust Inc.)
Title to Company Assets. The All Company assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Unitholder, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held in the name of the Company or one or more nominees, as the Board may determine. All Company assets shall be recorded as the property of the Company on its books and not in records, irrespective of the name of any Memberin which legal title to such Company assets is held.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Project Angel Parent, LLC), Limited Liability Company Agreement (Cable One, Inc.)
Title to Company Assets. The Company assets of the Company shall be owned by the Company as an entity. No Member , and no Member, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held in the name of the Company, the Board or one or more nominees, as the Board may determine. All Company assets shall be recorded as the property of the Company on its books and not in records, irrespective of the name of any Memberin which legal title to such Company assets is held.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Title to Company Assets. The assets of the Company shall be owned by the Company as an entity. No , and no Member shall have any direct ownership interest (but may have a security interest) in the such assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of or any Memberportion thereof.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Title to Company Assets. The Company assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Member, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held only in the name of the Company or a wholly owned Subsidiary of the Company. All Company assets shall be recorded as the property of the Company on its books and not in records, irrespective of the name of any Memberin which legal title to such Company assets is held.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bakkt Holdings, Inc.), Limited Liability Company Agreement (VPC Impact Acquisition Holdings)
Title to Company Assets. The All Company assets of the Company shall be deemed to be owned by the Company as an entity. No , and the Member shall not have any ownership interest (but may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any Membertherein.
Appears in 2 contracts
Samples: Operating Agreement (IOC-Black Hawk Distribution Company, LLC), Limited Liability Company Agreement (Rainbow Casino-Vicksburg Partnership, L.P.)
Title to Company Assets. The assets of All Assets owned by the Company shall be owned by the Company as an entity. No entity and, insofar as permitted by applicable law, no Member shall have any ownership interest (but may have a security interest) in the assets of the Company. Each any Company Assets in its individual name or right, and each Member’s Membership Interest 's membership interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)
Title to Company Assets. The Company’s assets of the Company shall will be deemed to be owned by the Company as an entity. No Member shall , and no Unitholder, individually or collectively, will have any ownership interest (but may have in any Company asset or any portion thereof in such Unitholder’s capacity as a security interest) in the assets of the CompanyUnitholder. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any Member.11.3
Appears in 1 contract
Samples: Limited Liability Company Agreement
Title to Company Assets. The Company assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Unitholder, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held in the name of the Company and not in or one or more nominees, as the name of any MemberBoard may determine.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ChromaDex Corp.)
Title to Company Assets. The Company assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Unitholder, individually or collectively, shall have any ownership interest (but in such Company assets or any portion thereof. Legal title to any or all Company assets may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company held in the name of the Company or one or more nominees, as the Board may determine. All Company assets shall be recorded as the property of the Company on its books and not in records, irrespective of the name of any Memberin which legal title to such Company assets is held.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NorthStar Asset Management Group Inc.)
Title to Company Assets. The assets of the Company shall be owned by the Company as an entity. No Member , and Members shall not, by virtue of being a Member, have any ownership interest (but may have a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the any Company shall hold all assets of the Company in the name of the Company and not in the name of any Memberasset.
Appears in 1 contract
Title to Company Assets. The Company’s assets of the Company shall be deemed to be owned by the Company as an entity. No Member , and no Member, individually or collectively, shall have any ownership interest (but may have a security interest) in the assets any Company asset or any portion thereof, except by virtue of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the its ownership of Company shall hold all assets Interests upon liquidation of the Company in the name of the Company and not accordance with this Agreement or except as otherwise set forth in the name of any Memberthis Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Lordstown Motors Corp.)
Title to Company Assets. The assets of the Company Assets shall be owned by by, and held in the name of, the Company as an entity. No Member shall have any ownership interest (but may have a security interest) in the assets of the CompanyCompany Assets in that Member’s individual name or right. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Glenayre Technologies Inc)
Title to Company Assets. The Company’s assets of the Company shall will be deemed to be owned by the Company as an entity. No Member shall , and no Unitholder, individually or collectively, will have any ownership interest (but may have in any Company asset or any portion thereof in such Unitholder’s capacity as a security interest) in the assets of the Company. Each Member’s Membership Interest shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Company shall hold all assets of the Company in the name of the Company and not in the name of any MemberUnitholder.
Appears in 1 contract
