Business of the LLC definition

Business of the LLC has the meaning ascribed thereto in Section 2.6 of this Agreement.
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Business of the LLC means the purpose of the LLC as described in Section 2.6.1.
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Business of the LLC shall have the meaning set forth in Section 2.6 hereof.
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Examples of Business of the LLC in a sentence

  • The Managing Member and each of the Officers is an agent of the LLC for the purpose of its business including, without limitation, acquiring, owning, managing, financing, encumbering, refinancing and selling all or any portion of the Property, and for the purpose of the execution in the name of the LLC of any instrument, if applicable, and any other document, certificate, affidavit or the like required or desirable in connection with the Business of the LLC.

  • The Business of the LLC shall be managed by the Managing Member and/or such Officers as the Managing Member may, from time to time, appoint in accordance with Section 4.4 of this Agreement.

  • The rights and liabilities of the Managing Member, the management of the affairs of the LLC and the conduct of the Business of the LLC shall be as provided in the Act, except as herein otherwise expressly provided.

  • Administrative Member shall act in good faith and in the best interests of the LLC, and shall devote such time and attention as shall be appropriate to manage and supervise the Business of the LLC properly and efficiently.

  • Subject to the terms and provisions of this Agreement, the Business of the LLC shall be managed by a single manager.

  • Business of the LLC" shall have the meaning set forth in Section 2.6 hereof.

  • The exercise of any such rights and powers will be deemed to relate to the basic structure of the LLC and not the exercise of control over the Business of the LLC.

  • Additionally, the physical embodiment of all materials created in the course of conducting the Business of the LLC will be owned jointly by the Parties but would not be used by either Party or its Affiliates, except in connection with the practice by such Party or its Affiliates of the licenses retained by such Party, without the other Party’s consent, not to be unreasonably withheld.

  • The Members and their respective Affiliates and Principals hereby agree that it is in all of their best interests to keep this Agreement and the Business of the LLC and all information concerning such business confidential.

  • Within thirty (30) days after delivery of the Buy-Sell Notice, the Condor Member and TWC Member shall each deliver to the other (i) a current broker valuation prepared by a Qualified Broker, containing its determination of the fair market value for the Property (which includes for purposes of this Article 13, the Business of the LLC) on a going concern basis free and clear of all liabilities secured by or otherwise relating to the Property (the “Property Valuation”).

Related to Business of the LLC

  • Business of the Company means any business or activity involved in grocery or general merchandise retailing and supply chain logistics, including but not limited to grocery distribution, business-to-business portal, retail support services and third-party logistics, of the type provided by the Company or its Affiliates, or presented in concept to you by the Company or its Affiliates at any time during your employment with the Company or any of its Affiliates.

  • Business of the Employer means the business conducted by the Employer, which is the business of commercial banking.

  • Business Activities shall be deemed to include any activities which are included in the Company's Business now or during the effective period of this Agreement.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Company Business means the business of the Company as presently conducted.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Business Purpose means the use of personal information for the business’s or a service provider’s operational purposes, or other notified purposes, provided that the use of personal information shall be reasonably necessary and proportionate to achieve the operational purpose for which the personal information was collected or processed or for another operational purpose that is compatible with the context in which the personal information was collected. Business purposes are:

  • Company IT Assets means any and all computers, computer software, source code, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines and all other information technology systems and equipment, and all associated documentation owned by the Company or any of its Subsidiaries or licensed or leased to the Company or any of its Subsidiaries (excluding any public networks).

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Business Purposes ’ means purposes normally or otherwise reasonably associ- ated with the use of land for business activities, including shops, offices, showrooms, restaurants or similar businesses other than places of instruction, public garages, builder’s yards, scrap yards and industrial activities;

  • Competitive Business Activity means:

  • Wellness activity means an explicit program of an activity

  • Business Acquisition means the acquisition of a company or any shares or securities or a business or undertaking (or, in each case, any interest in any of them) or the incorporation of a company.

  • Motorsport Activities means any motorsport activities or Recreational Services which are permitted or approved which Motorsport Australia regulates or administers or otherwise are under the responsibility / control of Motorsport Australia;

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • Valid business purpose means one or more business purposes that alone or in combination

  • Business has the meaning set forth in the Recitals.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Businesses means, at any time, a collective reference to the businesses operated by the Borrower and its Subsidiaries at such time.

  • Business Partner means a legal entity that requires use of a Cloud Service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Special Business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Business Systems means all Software, computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and computer systems, including any outsourced systems and processes, that are owned or used or held for use in the conduct of the Company Business.

  • Active business operations means all business operations that are not inactive business operations.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;