Duties and Obligations of the Manager. (a) The Manager shall take all action that may be necessary or appropriate for the continuation of the Company's valid existence and authority to do business as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which authority to do business is, in the judgment of the Manager, necessary or advisable.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Operating Agreement
Duties and Obligations of the Manager. (a) The Manager shall take all action that may be necessary or appropriate for the continuation of the CompanyFund's valid existence and authority to do business as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which authority to do business is, in the judgment of the Manager, necessary or advisable.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Duties and Obligations of the Manager. (a) The Manager shall take all action that may be necessary or appropriate for the continuation of the Company's ’s valid existence and authority to do business as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which authority to do business is, in the judgment of the Manager, necessary or advisable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)
Duties and Obligations of the Manager. (a) The Manager shall take all action that actions which may be necessary or appropriate for the (i) continuation of the Company's ’s valid existence and authority to do business as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which authority such existence is necessary to do business is, in protect the judgment limited liability of the ManagerMembers or to enable the Company to conduct the business in which it is engaged and (ii) accomplishment of the Company’s purposes, necessary or advisableincluding the acquisition, development, maintenance, preservation, and operation of the Company’s assets subject to and in accordance with the provisions of this Agreement and applicable laws and regulations.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Freedom Depository LLC)
Duties and Obligations of the Manager. (a) 5.2.1 The Manager shall take all action that may be necessary or appropriate for the continuation of the Company's relevant Series’ valid existence and authority to do business as a Series of a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such authority to do business is, in the judgment of the Manager, necessary or advisable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cityfunds I, LLC)
Duties and Obligations of the Manager. (a) The Manager shall take all action actions that may be necessary or appropriate for the (i) continuation of the Company's ’s valid existence and authority to do business as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which authority such existence is necessary to do business is, in protect the judgment limited liability of the ManagerMembers or to enable the Company to conduct the business in which it is engaged and (ii) accomplishment of the Company’s purposes, necessary or advisableincluding the acquisition, development, maintenance, preservation and operation of the Company’s assets subject to and in accordance with the provisions of this Agreement and applicable laws and regulations.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BLG Securities Company, LLC)