Common use of Business and Purpose of the Company Clause in Contracts

Business and Purpose of the Company. The purpose of the Company is to (i) qualify as a Qualified Opportunity Fund and participate in the Qualified Opportunity Zone program enacted under the Tax Cuts and Jobs Act, (ii) acquire, hold and, in the Manager’s sole discretion, dispose of a membership interest in the Venture, act as managing member of the Venture and (iii) engage in any other activities relating or incidental thereto as may be necessary to accomplish such purpose and (v) engage in such other activities as determined by the Manager which are allowed under Utah law.

Business and Purpose of the Company. The purpose of the Company is to (i) qualify as a Qualified Opportunity Fund to acquire, develop, operate, manage, finance, manufacture, lease and sell the Equipment, (ii) participate in the Qualified Opportunity Zone program enacted under the Tax Cuts and Jobs Act, (ii) acquireof which the Fund intends to qualify as a Qualified Opportunity Fund, hold andand develop and manage the Company to qualify as Qualified Opportunity Zone Property, in the Manager’s sole discretion, dispose of a membership interest in the Venture, act as managing member of the Venture and (iii) engage in any other activities relating or incidental thereto as may be necessary to accomplish such purpose and (v) engage in such other activities as determined by the Manager which are allowed under Utah lawlaw in the sole discretion of the Managers.