Common use of Company Purpose Clause in Contracts

Company Purpose. The business of the Company will consist of any activities, businesses or investments permitted by the Act. The purpose of the Company will not be extended by implication or otherwise, but only by the written authorization of the Member.

Appears in 10 contracts

Samples: Operating Agreement (WildHorse Resource Development Corp), Operating Agreement (Western Wisconsin Sand Company, LLC), Operating Agreement (Western Wisconsin Sand Company, LLC)

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Company Purpose. The business of the Company will consist of any activities, businesses or investments permitted by the Act. The purpose of the Company will not be extended by implication or otherwise, but only is to engage in any business activity permitted by the written authorization of the MemberAct.

Appears in 3 contracts

Samples: Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp)

Company Purpose. The business purpose of the Company will consist of is to engage in any activities, businesses or investments business activity permitted by the Act. The purpose of the Company will not be extended by implication or otherwiseown, but only by the written authorization of the Memberhold sell, assign, transfer, operate, lease and otherwise deal with real and personal property and improvements thereon.

Appears in 2 contracts

Samples: Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp)

Company Purpose. The business purpose of the Company will consist of is to engage in any activities, businesses or investments business activity permitted by the Act. The purpose Company will own, hold sell, assign, transfer, operate, lease and otherwise deal with real and personal property and improvements thereon. The Members acknowledge and agree that the development of the Project which is to be the principal business of the Company will not be extended by implication or otherwise, but only by the written authorization of the Member.is as follows:

Appears in 1 contract

Samples: Operating Agreement (Dover Investments Corp)

Company Purpose. The business of the Company will consist of any activities, businesses or investments permitted by the Act. The purpose of the Company will not is to engage in any lawful act or activity for which limited liability companies may be extended by implication or otherwise, but only by organized under the written authorization of the MemberAct.

Appears in 1 contract

Samples: Operating Agreement (Toll Finance Corp)

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Company Purpose. The business purpose of the Company will consist of is to engage in any activities, businesses or investments business activity permitted by the Act. The purpose of the Company will not own, develop, hold, operate, sell, lease and otherwise deal with the Property, in addition to such other endeavors as may be extended by implication or otherwise, but only approved by the written authorization of Members, in locations selected by the MemberManager.

Appears in 1 contract

Samples: Revised And (Dover Investments Corp)

Company Purpose. The business of the Company will consist of any activities, businesses or investments permitted by the Act. The purpose of the Company will not is to engage in any lawful business for which a limited liability company may be extended by implication or otherwiseorganized under the Act, but only as determined from time to time by the written authorization Members; provided, however, that any such business must be conducted in accordance with the terms and conditions of the Memberthis Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Glenayre Technologies Inc)

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