Common use of Title to LLC Property Clause in Contracts

Title to LLC Property. All property owned by the LLC, whether real or personal, tangible or intangible, shall be deemed to be owned by the LLC as an entity, and no Member, individually, shall have any ownership of such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, for purposes of this Agreement, be treated as if such property were directly owned by the LLC.

Title to LLC Property. All of the LLC’s right, title and interest in any tangible property, intangible property, real property, personal property owned and other assets acquired by the LLC, whether real or personal, tangible or intangible, LLC shall be deemed to be owned by held in the name of the LLC as an entity, and no Member, individually, . No Member shall have an ownership interest in any ownership of such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, in his individual name or right and each Member’s LLC Interest shall be personal property for purposes of this Agreement, be treated as if such property were directly owned by the LLCall purposes.

Title to LLC Property. All property owned by the LLC, whether real --------------------- or personal, tangible or intangible, shall be deemed to be owned by the LLC as an entity, and no Member, individually, shall have any ownership of such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, for purposes of this Agreement, be treated as if such property were directly owned by the LLC.

Title to LLC Property. All property owned by the LLC, whether real or --------------------- personal, tangible or intangible, shall be deemed to be owned by the LLC as an entity, and no Member, individually, shall have any ownership of such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, for purposes of this Agreement, be treated as if such property were directly owned by the LLC.

Title to LLC Property. All property owned by the LLC, whether real or personal, tangible or intangible, shall be deemed to be owned by the LLC as an entity, and no Member, individually, Member individually shall own or have any ownership of interest in such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, for purposes of this Agreement, be treated as if such property were directly owned by the LLC.

Title to LLC Property. All property owned by the LLC, whether real or --------------------- personal, tangible or intangible, shall be deemed to be owned by the LLC as an entity, and no MemberMember individually nor any other person, individuallypartnership, corporation or other entity shall have any ownership of interest in such property. The LLC may hold any of its assets in its own name or in the name of its nominee, which nominee may be one or more trusts. Any property held by a nominee trust for the benefit of the LLC shall, for purposes of this Agreement, be treated as if such property were directly owned by the LLC.