Business and Powers Sample Clauses
The "Business and Powers" clause defines the scope of activities and legal authority granted to a company or organization. It typically outlines the types of business the entity is permitted to engage in and enumerates the powers it may exercise, such as entering into contracts, acquiring assets, or borrowing funds. By clearly specifying these boundaries, the clause ensures that the organization operates within its intended purpose and provides clarity to stakeholders about what actions are authorized, thereby reducing the risk of unauthorized or ultra vires activities.
Business and Powers. There shall be no restrictions on the business that Amalco may carry on or on the powers it may exercise;
Business and Powers. There shall be no restriction on the business that Mergeco may carry on or on the powers that Mergeco may exercise.
Business and Powers. There shall be no restrictions on the business that the Corporation may carry on or on the powers that the Corporation may exercise.
Business and Powers. The business of the Company is to engage in any lawful business, trade, purpose or activity permitted by the Act. The Company may exercise all of the powers and privileges granted to limited liability companies by the Act, by any other law or by this Agreement.
Business and Powers. Except as otherwise prohibited by applicable Laws, there shall be no restriction on the business that Surviving Co may carry on or on the powers that Surviving Co may exercise.
Business and Powers. The purposes and business of the Company shall be (a) to transact any other lawful business for which limited liability companies may be organized under the Act that relates directly or indirectly to the foregoing, and (b) except as otherwise limited herein, to enter into, make and perform all contracts and other undertakings and engage in all activities and transactions as the Company may reasonably deem necessary or advisable to the carrying out of the foregoing objectives and purposes.
Business and Powers. The purposes and business of the Company shall be (a) to hold, dispose of and otherwise handle and deal with, directly or indirectly, securities issued by FVA Ventures, Inc., a California corporation (“FVA”), including any securities issued in exchange therefor or upon conversion thereof, (b) to hold, dispose of and otherwise handle and deal with, directly or indirectly, securities issued by PathConnect, LLC, a Delaware limited liability company (“PathConnect”), including any securities issued in exchange therefor or upon conversion thereof, (c) to transact any other lawful business for which limited liability companies may be organized under the Act, and (d) except as otherwise limited herein, to enter into, make and perform all contracts and other undertakings and engage in all activities and transactions as the Company may reasonably deem necessary or advisable to the carrying out of the foregoing objectives and purposes.
Business and Powers. There shall be no restrictions on the business that Newco may carry on or on the powers it may exercise;
Business and Powers. There shall be no restrictions on the business the Amalgamated Corporation may carry on or on the powers it may exercise.
Business and Powers. There shall be no restrictions on the business which AMALCO is authorized to carry on or on the powers that AMALCO may exercise, other than any restrictions required by the Financial Institutions Act, Chap 79:09 of the Revised Laws of the Republic of Trinidad and Tobago or any amendment or re-enactment thereof.