Purpose; Duration. (a) The purpose of the Company is to engage in any business or activity for which a limited liability company may be formed under the Act. The Company shall have all the powers necessary or convenient to accomplish the purposes of the Company or consistent with the furtherance thereof. (b) Subject to Section 8.1, the Company shall have perpetual existence.
Appears in 2 contracts
Sources: Formation, Contribution and Investment Agreement (MSG Spinco, Inc.), Formation, Contribution and Investment Agreement (Madison Square Garden Co)
Purpose; Duration. (a) The purpose of the Company is to engage in any business or activity determined by the Board for which a limited liability company may be formed under the Act. The Company shall have all the powers necessary or convenient to accomplish the purposes of the Company or consistent with the furtherance thereof.
(b) Subject to Section 8.1, the Company shall have perpetual existence.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Cablevision Systems Corp /Ny)