Common use of Purpose; Powers Clause in Contracts

Purpose; Powers. The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to the accomplishment of the foregoing purpose.

Appears in 90 contracts

Samples: Limited Liability Company Agreement (Brigham Minerals, Inc.), Transaction Agreement (Contango Oil & Gas Co), Limited Liability Company Agreement (Rosehill Resources Inc.)

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Purpose; Powers. The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to the accomplishment of the foregoing purpose.

Appears in 14 contracts

Samples: Tax Receivable Agreement (Collier Creek Holdings), Limited Liability Company Agreement (Wheels Up Experience Inc.), Limited Liability Company Agreement

Purpose; Powers. The nature of the business or purposes to be conducted or promoted by the Company is to engage in the Business and any other lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to the accomplishment of the foregoing purpose.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Hagerty, Inc.), Limited Liability Company Agreement (Aldel Financial Inc.), Limited Liability Company Agreement (Hagerty, Inc.)

Purpose; Powers. (a) The Company is formed for the object and purpose of, and the nature of the business or purposes to be conducted or and promoted by the Company is is, to engage in any lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage engaging in any and all activities necessary, appropriate, desirable, advisable, ancillary necessary or incidental to the accomplishment of the foregoing purposeforegoing.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Defense & National Security Holdings LLC)

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Purpose; Powers. The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to the accomplishment of the foregoing purpose.the

Appears in 1 contract

Samples: Limited Liability Company Agreement (Earthstone Energy Inc)

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