Use of Company Property. No Member shall make use of the property or funds of the Company, or assign its rights to specific Company property, other than for the business or benefit of the Company.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Hospitality Investors Trust, Inc.), Limited Liability Company Agreement (American Realty Capital Hospitality Trust, Inc.), Limited Liability Company Agreement (American Realty Capital Hospitality Trust, Inc.)
Use of Company Property. No Member shall make use of the funds or property or funds of the CompanyCompany or any Subsidiary, or assign its rights to specific Company property, other than property except as otherwise specifically permitted by this Agreement. The Manager and the Management Committee can make use of the funds or property of the Company or any Subsidiary but only for the business or benefit of the Company.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Whwel Real Estate Lp)
Use of Company Property. No Except as described herein, no Member shall make use of the property or funds of the Company, or assign its rights to specific Company property, other than Participating Members for the business or benefit of the CompanyCompany as permitted hereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (New York REIT, Inc.), Membership Interest Purchase Agreement (New York REIT, Inc.)
Use of Company Property. No Member shall make use of the funds or property or funds of the Company, or assign its rights to specific Company property, other than for the business or benefit of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Patriot Transportation Holding Inc), Limited Liability Company Agreement (Patriot Transportation Holding Inc)
Use of Company Property. No Member shall make use of the funds or property or funds of the CompanyCompany or any Subsidiary, or assign its rights to specific Company property, other than for the business or benefit of the Companyproperty except as otherwise specifically permitted by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Home Co LLC)
Use of Company Property. No Member shall may make use of the funds or property or funds of the CompanyCompany or any Subsidiary, or assign its any rights it may have to specific Company propertyAssets, other than for the business or benefit of the CompanyCompany or such Subsidiary, subject, in all instances, to the terms of this Agreement (including Article 9).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hyatt Hotels Corp)
Use of Company Property. No Member shall make use of the funds or property or funds of the CompanyCompany or its Subsidiaries, or assign its rights to specific Company property, other than for the business or benefit of the CompanyCompany or its Subsidiaries.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Goldman Sachs Group Inc)
