Form of Organization Sample Clauses

Form of Organization. The form of organization of the Company shall be a limited liability company. Except as otherwise provided herein, once a Party has completed in full its contribution to the registered capital and the total investment of the Company, it shall not be required to provide any further funds to or on behalf of the Company by way of capital contribution, loan, advance, guarantee or otherwise, unless otherwise agreed. Creditors of the Company shall have recourse only to the assets of the Company and shall not seek repayment from any of the Parties. Subject to the above, the profits, risks and losses of the Company shall be shared by the Parties in proportion to their respective interests in the Company in accordance with the terms of the Joint Venture Contract.
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Form of Organization. Any change to the form of the -------------------- organization of the Company, including, without limitation, the admission of any additional Member.
Form of Organization. The JVCO shall be a limited liability company. The shareholders of the JVCO are only liable to the JVCO up to the share of the registered capital of the JVCO that such shareholders shall subscribe for. The JVCO shall be liable for all its debts and obligations to the extent of its own assets.
Form of Organization. The Company is a limited liability company. When one party has completely contributed its own amount of the Company's registered capital stipulated in the Contract, the party shall not be demanded to further provide any fund by funding, loans, guarantees or other kinds of financing to the Company or for the Company. The Company shall be responsible for its own liabilities or other obligations with its own assets. Both parties do not take any responsibility for any individual or entity for the reason of the Company's own liabilities or obligations. The profit and interest of the Company are distributed in proportion to the respective capital contribution from the parties ("contributing proportion"). The parties take the loss risk of the Company with the limitation of the respective capital contribution of each party. CHAPTER 4 OBJECTIVE, SCOPE AND SCALE OF BUSINESS

Related to Form of Organization

  • Articles of Organization This Company is organized pursuant to the provisions of the COLORADO LIMITED LIABILITY COMPANY ACT (the “Act”, codified in Colorado Revised Statues §7-80-100 et seq. as it may be amended from time to time) and pursuant to Articles of Organization filed with the Secretary of State on January 24, 2014. The rights and obligations of the Company and the Members shall be provided in this Operating Agreement.

  • Preservation of Organization The Seller and the Company will use their best efforts: to preserve the business organization of the Company intact; to keep available to the Purchaser (without making any commitment on its behalf) the services of the present employees of the Company, and make no changes therein except as required in the ordinary course of business; and to preserve for the Purchaser the goodwill of the suppliers, customers and others having business relations with the Company.

  • Jurisdiction of Organization During the term of the Receivables, CNHICA will maintain its “location” (as defined in Section 9-307 of the UCC) in one of the States.

  • Notice of Organizational Change Grantee will submit notice to the SUD email box, XxxxxxxxxXxxxx.Xxxxxxxxx@xxxx.xxxxx.xx.xx and Substance Use Xxxxxxxx@xxxx.xxxxx.xx.xx within ten (10) business days of any change to Xxxxxxx's name, contact information, organizational structure, such as merger, acquisition, or change in form of business, legal standing, or authority to do business in Texas.

  • Jurisdiction of Organization; Chief Executive Office Such Grantor’s jurisdiction of organization, legal name and organizational identification number, if any, and the location of such Grantor’s chief executive office or sole place of business, in each case as of the date hereof, is specified on Schedule 3 and such Schedule 3 also lists all jurisdictions of incorporation, legal names and locations of such Grantor’s chief executive office or sole place of business for the five years preceding the date hereof.

  • Modification of Organizational Documents Not permit the charter, by-laws or other organizational documents of any Loan Party to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Lenders.

  • Amendment of Organizational Documents The Borrower will not, or will permit any Restricted Subsidiary to, amend, modify or waive any of its rights under its articles or certificate of incorporation, by-laws or other organizational documents, in either case, to the extent such amendment, modification or waiver would be adverse in any material respect to the rights or interests of the Lenders hereunder or under any other Loan Document.

  • Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity (a) Amend, modify or change its Organization Documents in a manner adverse to the Lenders.

  • Principal Place of Business; State of Organization (a) Borrower’s principal place of business as of the date hereof is the address set forth in Schedule I. Each Borrower is organized under the laws of the State of Delaware.

  • Type and Jurisdiction of Organization, Organizational and Identification Numbers The type of entity of such Grantor, its state of organization, the organizational number issued to it by its state of organization and its federal employer identification number are set forth on Exhibit A.

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