Common use of Business Purpose; Powers Clause in Contracts

Business Purpose; Powers. The Company is formed for the purpose of engaging in any lawful business, purpose or activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary, appropriate, proper, advisable, incidental or convenient to the conduct, promotion, furtherance or attainment of the business purposes or activities of the Company and for the protection and benefit of the Company. The Company shall, without limitation, have all of the powers that may be exercised by the Members on behalf of the Company pursuant to this Agreement, including pursuant to Section 4.1.

Business Purpose; Powers. The Company is formed for the ------------------------ purpose of acquiring, holding and selling stocks, and engaging in any other lawful business, purpose or activity for which limited liability companies may be formed under the Act. The Company and the Board (acting on behalf of the Company) shall possess and may exercise all the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary, appropriate, proper, advisable, incidental necessary or convenient to the conduct, promotion, furtherance promotion or attainment of the business purposes or activities of the Company and for the protection and benefit of the Company. The Company shall, including, without limitation, have all of the powers that may be exercised by the Members on behalf of the Company pursuant to this Agreement, including pursuant to Section 4.1.power: