Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. The purposes of the Company shall be: _______________________________________________________; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 57 contracts

Samples: Sole Member Operating Agreement, Sole Member Operating Agreement, Sole Member Operating Agreement

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Purposes and Powers. The purposes purpose of the Company shall be: _______________________________________________________; and [BRIEFLY DESCRIBE THE PURPOSE OF THE COMPANY HERE]. AND To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 27 contracts

Samples: Single Member Operating Agreement, Single Member Operating Agreement, Single Member Operating Agreement

Purposes and Powers. The purposes of the Company shall be: _______________________________________________________; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 7 contracts

Samples: Sole Member Operating Agreement, Sole Member Operating Agreement, Sole Member Operating Agreement

Purposes and Powers. The purposes purpose of the Company shall be: _______________________________________________________; be to carry on any lawful business or activity and To perform or engage in any to have and exercise all activities and/or businesses for of the powers, rights and privileges which a limited liability companies company organized pursuant to the Act may be engaged under the Statuteshave and exercise. The Company shall have all powers necessary and convenient not conduct any business which is forbidden by or contrary to affect any purpose for which it is formed, including all powers granted by the StatutesLaw.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Manning & Napier, Inc.), Limited Liability Company Agreement (Manning & Napier, Inc.), Limited Liability Company Agreement (Manning & Napier, Inc.)

Purposes and Powers. (a) The purposes of the Company are, and the Company shall be: _______________________________________________________; have the power and To perform or authority, to engage in any and all lawful acts or activities and/or businesses for which limited liability companies may be engaged formed under the Statutes. The Company shall have Act and any and all powers necessary activities necessary, convenient or incidental to the furtherance and convenient to affect any purpose for which it is formed, including all powers granted by accomplishment of the Statutesforegoing.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Alliance Laundry Systems LLC), Limited Liability Company Agreement (Alliance Laundry Systems LLC)

Purposes and Powers. The purposes of the Company shall be: _______________________________________________________; and [DESCRIBE COMPANY PURPOSE], AND To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. The Company shall have all powers necessary and convenient to affect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Single Member Operating Agreement

Purposes and Powers. The purposes of the Company shall will be: _______________________________________________________; and To carry out, engage in, or otherwise perform or engage in any and all activities and/or actions, endeavors, or businesses for which that a limited liability companies company may be engaged legally participate in under the Statutes. The Company shall so formed will have all powers necessary the authority and convenient power needed and useful to affect any purpose for which carry out the purposes it is formedhas been formed for, including all powers granted included the authority and power given by the Statutes.

Appears in 1 contract

Samples: Single Member Operating Agreement

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Purposes and Powers. The purposes of the Company shall be: _______________________________________________________[BUSINESS PURPOSE]; and To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes.

Appears in 1 contract

Samples: Single Member Operating Agreement

Purposes and Powers. The purposes of the Company shall be: _______________________________________________________; and To perform or be to engage in any and all activities and/or businesses lawful act of activity for which limited liability companies may be engaged formed under the StatutesAct. The Company shall have all powers necessary right, power and authority to do any and all acts and things necessary, appropriate, advisable and/or convenient to affect any purpose for which it is formed, including all powers granted by the Statutesfurtherance and accomplishment of the purposes of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Purposes and Powers. a.) The purposes of the Company shall be: _______________________________________________________i.) [BUSINESS PURPOSE]; and ii.) To perform or engage in any and all activities and/or businesses for which limited liability companies may be engaged under the Statutes. b.) The Company shall have all powers necessary and convenient to affect effect any purpose for which it is formed, including all powers granted by the Statutes. 3.

Appears in 1 contract

Samples: Operating Agreement

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