Common use of Payments of Individual Obligations Clause in Contracts

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.

Appears in 19 contracts

Samples: Limited Liability Company Agreement (Petroleum Development Corp), Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Diversified Holdings)

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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 transferred or encumbered for, for or in payment of, of any individual obligation of any a Member.

Appears in 7 contracts

Samples: Operating Agreement (Extra Space Storage Inc.), Operating Agreement (Extra Space Storage Inc.), Limited Liability Company Operating Agreement (Aeroflex Holding Corp.)

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 transferred or encumbered for, for or in payment of, of any individual obligation of any Member.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Verisign Inc/Ca), Limited Liability Company Agreement (OCI Resources LP), Limited Liability Company Agreement (APT Sunshine State LLC)

Payments of Individual Obligations. The Company’s '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.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp), Operating Agreement (Badger State Ethanol LLC), Operating Agreement (Macquarie Infrastructure CO Trust)

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, for or in payment of, of any individual obligation of any Member.

Appears in 6 contracts

Samples: Partnership Agreement (Ims Health Inc), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and and, except in connection with the Loan, no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member or Special Member.

Appears in 5 contracts

Samples: Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC)

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 MemberUnit Holder or Governor.

Appears in 5 contracts

Samples: Operating and Member Control Agreement (Otter Tail Ag Enterprises, LLC), Member Control Agreement (Heron Lake BioEnergy, LLC), Member Control Agreement

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and and, except in connection with the Loan, no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 5 contracts

Samples: Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC), Operating Agreement (DCT Chino LLC)

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 transferred or encumbered for, for or in payment of, of any individual obligation of any the Member.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Nuverra Environmental Solutions, Inc.), Operating Agreement (Nuverra Environmental Solutions, Inc.), Limited Liability Company Agreement (Nuverra Environmental Solutions, Inc.)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 4 contracts

Samples: Operating Agreement (Magellan Health Services Inc), Operating Agreement (Crescent Operating Inc), Operating Agreement (Magellan Health Services Inc)

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 MemberUnit Holder or Manager.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement (US BioEnergy CORP), Operating Agreement (Tennessee Valley Agri-Energy, LLC)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any Member.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Resource America Inc), Operating Agreement (Riggs National Corp), Operating Agreement (Rocky Mountain Internet Inc)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.. 1.9

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Pepco Holdings Inc), Assignment and Assumption Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)

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 Sold or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 3 contracts

Samples: Operating Agreement (KKR Financial Holdings LLC), Operating Agreement (Ellington Financial LLC), Operating Agreement (KKR Financial Holdings LLC)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred in satisfaction of or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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 transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Bunge LTD), Limited Liability Company Agreement (Wheeling Pittsburgh Corp /De/), Credit Agreement (Gladstone Commercial Corp)

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the CompanyCompany and its Subsidiaries, and no asset of the Company or its Subsidiaries shall be Transferred in satisfaction of, or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)

Payments of Individual Obligations. The Company’s credit and assets shall will be used solely for the benefit of the Company, and no asset of the Company shall will be Transferred in satisfaction of or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 2 contracts

Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, Company and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Norfolk Southern Corp), Limited Liability Company Agreement (Norfolk Southern Corp)

Payments of Individual Obligations. The Company’s 's credit and assets Property shall be used solely for the benefit of the Company, and no asset Property of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Arch of Wyoming LLC), Limited Liability Company Agreement (Arch Coal Inc)

Payments of Individual Obligations. The Company’s '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.. 1.9

Appears in 2 contracts

Samples: Operating Agreement (Pepco Holdings Inc), Contribution Agreement (Pepco Holdings Inc)

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the CompanyCompany and, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (MorningStar Partners, L.P.), Limited Liability Company Agreement (MorningStar Partners, L.P.)

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 transferred in satisfaction of, or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any MemberMember unless otherwise provided for herein.

Appears in 2 contracts

Samples: www.startupbiz.com, Limited Liability Company Agreement (Pdi LLC)

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 may be Transferred or encumbered for, or in payment of, any individual obligation of any MemberUnit Holder or Manager.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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 in satisfaction of, or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 1 contract

Samples: Operating Agreement (Vistancia Marketing, LLC)

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 transferred or encumbered for, or in payment of, any individual obligation obligation, of any MemberMember or any other Person.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and and, except in connection with the Loan, no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, of any individual obligation of any Member or Special Member.

Appears in 1 contract

Samples: Operating Agreement (DCT Chino LLC)

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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 sold or encumbered for, or in payment of, any individual obligation of any MemberShareholder, Director or Officer.

Appears in 1 contract

Samples: Limited Liability Company Agreement (LIN Media LLC)

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 MemberUnit Holder or Manager, except as otherwise expressly provided herein.

Appears in 1 contract

Samples: Operating Agreement (Comstock Mining Inc.)

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 MemberMember or any other Person.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cancer Genetics, Inc)

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 transferred in satisfaction of or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NCO Group, Inc.)

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 Property shall be Transferred or encumbered for, for or in payment of, of any individual obligation Obligation of any the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gulf South Pipeline Company, LP)

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, transferred for or in payment of, of any individual obligation of any MemberMember or Manager.

Appears in 1 contract

Samples: Operating Agreement (Tribus Enterprises, Inc.)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, of any individual obligation of any MemberMember unless otherwise provided for herein.

Appears in 1 contract

Samples: Operating Agreement (Emeritus Corp\wa\)

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 transferred or encumbered for, for or in payment of, of any individual separate obligation of any a Member.

Appears in 1 contract

Samples: Operating Agreement (Eldorado Resorts, Inc.)

Payments of Individual Obligations. The Company’s '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, for or in payment of, of any individual obligation of any MemberMember unless otherwise provided for in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Excel Corp)

Payments of Individual Obligations. The Company’s '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 MemberMember unless otherwise provided for herein.

Appears in 1 contract

Samples: Operating Agreement

Payments of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, Company and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kansas City Southern)

Payments of Individual Obligations. The Company’s '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 Encumbered for, or in payment of, any individual obligation of any Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Western Wind Energy Corp)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any Membera Party.

Appears in 1 contract

Samples: Joint Venture Agreement (International Assets Holding Corp)

Payments of Individual Obligations. The Company’s credit and assets Property shall be used solely for the benefit of the Company, and no asset of the Company Property shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.

Appears in 1 contract

Samples: Employee Lease Agreement (First Savings Financial Group Inc)

Payments of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.Member unless otherwise provided for herein. 5

Appears in 1 contract

Samples: Operating Agreement (Emeritus Corp\wa\)

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 transferred in payment of, or encumbered for, or in payment of, any individual obligation of any Membera Shareholder.

Appears in 1 contract

Samples: Operating Agreement (Rumford Falls Power CO)

Payments of Individual Obligations. The Company’s '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 MemberUnit Holder or Manager.

Appears in 1 contract

Samples: Operating Agreement

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