Common use of Limited Purpose Clause in Contracts

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable Project; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project Projects (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable ProjectProjects; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project Projects to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project Projects (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable ProjectProjects; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity AgreementDocuments; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project Projects to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower ▇▇▇▇▇▇▇▇ is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project Projects (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable ProjectProjects; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project Projects to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable Project; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower ▇▇▇▇▇▇▇▇▇ is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project Projects (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable ProjectProjects; (ii) to enter into and perform its their obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project Projects to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its their jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable a Project (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable such Project; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable a Project to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project Projects (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable ProjectProjects; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project Projects to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.. [Summit Healthcare] 55

Limited Purpose. The sole purpose conducted or promoted by each Borrower is to engage in the following activities: (i) to acquire, own, hold, lease, operate, manage, maintain, develop and improve the applicable Project (or an undivided interest therein) and to contract for the operation, maintenance, management and development of the applicable Project; (ii) to enter into and perform its obligations under the Loan Documents and Environmental Indemnity Agreement; (iii) to sell, transfer, service, convey, dispose of, pledge, assign, borrow money against, finance, refinance or otherwise deal with the applicable Project to the extent contemplated by or permitted under the Loan Documents; and (iv) to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of its jurisdiction of formation that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above above-mentioned purposes.