Common use of The LLC Clause in Contracts

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Connecticut and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles of Organization or LLC Operating Agreement, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s properties or assets. (c) Except for the Contributors, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC or joint venture. (d) The LLC has conducted no business other than the ownership and operation of the Property.

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Connecticut New York and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors Contributor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors Contributor or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles of Organization or LLC Operating Agreement, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s properties or assets. (c) Except for the ContributorsContributor, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC or joint venture. (d) The LLC has conducted no business other than the ownership and operation of the Property.

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Connecticut Delaware and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property properties or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles its certificate of Organization or LLC Operating Agreementorganization, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s properties or assets. (c) Except for the Contributors, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC partnership or joint venture. (d) The LLC has conducted no business other than the ownership and operation of the Property.

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Connecticut New York and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors Contributor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors Contributor or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles of Organization or LLC Operating Agreement, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s properties or assets. (c) Except for the ContributorsContributor, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC or joint venture. (d) The LLC has conducted no business other than that the ownership and operation of the Property.

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State Commonwealth of Connecticut Massachusetts and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors Contributor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors Contributor or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles of Organization or LLC Operating Agreement, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s 's properties or assets. (c) Except for the ContributorsContributor, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC or joint venture. (d) The LLC has conducted no business other than that the ownership and operation of the Property.

The LLC. (a) The LLC is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Connecticut New York and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties. (b) Neither the execution, delivery, or performance by the Contributors Contributor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors Contributor or the LLC with any of the provisions hereof, will: (i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the Property or other assets of the LLC, under any of the terms, conditions, or provisions of, the Articles of Organization or LLC Operating Agreement, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the LLC is a party, or by which the LLC may be bound, or to which the LLC or its properties or assets may be subject; or (ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the LLC or any of the LLC’s 's properties or assets. (c) Except for the ContributorsContributor, no party has any interest in the LLC or the Property or any portion thereof, or the right or option to acquire any interest in the LLC or the Property or any portion thereof. The LLC has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any LLC or joint venture. (d) The LLC has conducted no business other than that the ownership and operation of the Property.