Nature of Entity Sample Clauses
The "Nature of Entity" clause defines the legal status and organizational structure of a party entering into an agreement. It typically specifies whether the party is, for example, a corporation, partnership, limited liability company, or individual, and may require the party to confirm its authority to enter into the contract. By clarifying the entity's legal form, this clause ensures that the correct party is bound by the agreement and helps prevent disputes over capacity or authority to contract.
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Nature of Entity. Grantee is a rural county in the State of Utah of the third, fourth, fifth, or sixth class as defined in Utah Code ▇▇-▇▇-▇▇▇.
Nature of Entity. It is the intention of the Trustees to create only the relationship of trustee and beneficiary between the Trustees and each Unitholder from time to time. Except as set forth in the last sentence of this Section 6.4, it is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment or any form of legal relationship other than a trust. Nothing in this Declaration shall be construed to make the Unitholders, either by themselves or with the Trustees partners or members of a joint stock association. Notwithstanding the foregoing, it is the intention of the Trustees that the Trust shall be treated as a partnership for U.S. federal and other applicable income tax purposes.
Nature of Entity. CREEKSIDE by TAG LLC is a corporation, validly existing and in good standing under the laws of the State of GEORGIA and is and will continue to be duly qualified and licensed to do business in any other state in which it is required to be so qualified, organized and/or licensed
Nature of Entity a. The Grantee is a municipality, county, tribal government, federal government, state government, or nonprofit corporation classified under U.S. Code § 501(c) and is physically located within the State.
b. The Grantee is not a for-profit entity; for-profit entities may not receive a Utah Recreational Trails Program Grant.
Nature of Entity. It is the intention of the Members that the Company, as a limited liability company, shall not constitute or be treated as a partnership, limited partnership or joint venture for any purpose other than for federal and state income tax purposes. Except as otherwise specifically provided in this Agreement or required by applicable law, no Member or Manager shall be liable for any debts, obligations or liabilities of the Company, whether resulting from the judgment, decree or order of any court or otherwise.
Nature of Entity. As a limited liability company, the Company is a separate and distinct legal entity, with an identity and existence which is independent and separate from the identity and existence of the Member. For federal income tax purposes, however, the business and activities of the Company will, under currently applicable federal income tax law and regulations, elect to be treated as a separate corporation, not as part of the Member. Unless otherwise specifically provided in this Agreement or required by applicable law, the Member shall not be liable for any debts, obligations or liabilities of the Company, whether resulting from the judgment, decree or order of any court or otherwise.
Nature of Entity. For the purposes of this grant, a “Rural Community” means a rural county, or a rural municipality as defined in Utah Code Section 63-4-801. Rural communities eligible for the RCOG include counties of the third, fourth, fifth, and sixth class; cities, towns, and metro townships located in counties of the third, fourth, fifth, and sixth class; and municipalities with a population of 10,000 or less in counties of the second class.
Nature of Entity. Borrowers are a limited liability company, validly existing and in good standing under the laws of the State of Washington, and is and will continue to be duly qualified and licensed to do business in any other state in which it is required to be so qualified, organized and/or licensed.
Nature of Entity. The Undersigned is (check one): _____ a corporation _____ a partnership
Nature of Entity. The Pledgor is a limited partnership.