Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Payments of Individual Obligations. The Partnership’s credit and assets shall be used solely for the benefit of the Partnership, and no asset of the Partnership shall be Transferred or encumbered for or in payment of any individual obligation of any Partner.
Payments of Individual Obligations. The Manager shall use the Company's credit and assets solely for the benefit of the Company and no asset of the Company shall be transferred or encumbered for or in payment of any individual obligation of a Member.
Payments of Individual Obligations. The Members shall use the Company's credit and assets solely for the benefit of the Company and no asset of the Company shall be transferred or encumbered for or in payment of any individual obligation of a Member.
Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be transferred or encumbered for or in payment of any individual obligation of a Member. Notwithstanding the preceding, the Company shall reimburse a Member for legitimate expenses incurred on behalf of the Company, including a fair amount for the time of any employee or non-executive officer of a Member rendering services to the Company on a full-time or part-time basis. No reimbursement shall be due or payable with respect to the time of any executive officer of any Member.
Payments of Individual Obligations. With respect to any Series of the Company, the Series’ credit and assets shall be used solely for the benefit of the Series, and no asset of the Series shall be transferred or encumbered for or in payment of any individual obligation of any Member unless otherwise provided for herein.
Payments of Individual Obligations. The funds provided by Party A shall be used by Party B solely for the benefit of the Project, and no asset that is produced by the Project shall be transferred or encumbered for or in payment of any individual obligation of any member of Party B.
Payments of Individual Obligations. Except as expressly set forth in the Commercial Alliance Agreements, the Joint Sales Company's credit and assets shall be used solely for the benefit of the Joint Sales Company, and no asset of the Joint Sales Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member without the unanimous consent of the Members.
Payments of Individual Obligations. The Joint Venture's credit and assets shall be used solely for the benefit of the Joint Venture, and no asset of the Joint Venture shall be transferred or encumbered for or in payment of any separate obligation of a Partner.
Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be transferred or encumbered for, or in payment of, any individual obligation of any Member. Execution Copy Northern Pass LLC Operating Agreement ARTICLE 3 INITIAL CAPITAL; ADDITIONAL CAPITAL
