Common use of No Prior Business Clause in Contracts

No Prior Business. Since the date of its formation, Transferred LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of Fund [·] and its subsidiaries related to the Equity Interests.

Appears in 2 contracts

Samples: Contribution and Assignment Agreement (JBG SMITH Properties), Agreement and Plan of Merger (JBG SMITH Properties)

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No Prior Business. Since the date of its formation, Transferred LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of JBG Investment Fund [·] IX, L.L.C. (“Fund IX”) and its subsidiaries related to the Equity Interests.

Appears in 1 contract

Samples: Agreement and Plan of Merger (JBG SMITH Properties)

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No Prior Business. Since the date of its formation, Transferred LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of Fund [·] and its subsidiaries related to the Equity Interests.

Appears in 1 contract

Samples: Contribution and Assignment Agreement (Vornado Realty Lp)

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