Common use of Use of Company Assets Clause in Contracts

Use of Company Assets. No Member shall make use of the Company Assets or any other funds or property of the Company, or assign its rights to specific Company property, other than for the business or benefit of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (CNL Healthcare Properties, Inc.), Limited Liability Company Agreement (CNL Healthcare Properties, Inc.), Limited Liability Company Agreement (CNL Healthcare Properties, Inc.)

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Use of Company Assets. No Member shall make use of the Company Assets or any other funds or property of the Company, or assign its rights to specific Company propertyAssets, other than for the business or benefit of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Plymouth Industrial REIT Inc.), Limited Liability Company Agreement (Foursquare Capital Corp)

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Use of Company Assets. No Member shall will make use of the Company Assets or any other funds or property of the Company, or assign its rights to specific Company property, other than for the business or benefit of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Summit Healthcare REIT, Inc)

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