Purpose; Powers Sample Clauses

Purpose; Powers. The primary business and purpose of the Company shall be to engage in such activities as are permitted under the Delaware Act and determined from time to time by the Manager in accordance with the terms and conditions of this Agreement. The Company shall have the power and authority to take (directly or indirectly through its Subsidiaries) any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to accomplish the foregoing purpose.

Purpose; Powers. The purpose of the Company is to engage in any lawful business or activity in which a limited liability company may be engaged under the Act.

Purpose; Powers. In furtherance of the investment objectives of the Company, the Company may engage in any lawful act or activity for which limited liability companies may be formed under the laws of the State of Delaware and shall have all the powers available to it as a limited liability company formed under the laws of the State of Delaware.

Purpose; Powers. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act and engaging in any and all activities necessary or incidental to the foregoing. The Company shall have the power and authority to do any and all acts necessary or convenient to or in furtherance of said purposes, including all power and authority, statutory or otherwise, possessed by, or which may be conferred upon, limited liability companies under the laws of the State of Delaware.

Purpose; Powers. The nature of the business and purposes of the Company are: (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of Delaware; (ii) to engage in the processing of corn, grains and other feedstock into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Purpose; Powers. (a) The purposes of the Partnership shall be, directly or indirectly through subsidiaries or Affiliates: (i) to serve as the general partner of BREP VII (including any Alternative Vehicle and any Parallel Fund) and perform the functions of a general partner of BREP VII (including any Alternative Vehicle and any Parallel Fund) specified in the BREP VII Agreements, (ii) to serve as, and hold the Capital Commitment BREP VII Interest as, a capital partner (and, if applicable, a limited partner and/or a general partner) of BREP VII (including any Alternative Vehicle and any Parallel Fund) and perform the functions of a capital partner (and, if applicable, a limited partner and/or a general partner) of BREP VII (including any Alternative Vehicle and any Parallel Fund) specified in the BREP VII Agreements, (iii) to make the Blackstone Capital Commitment or a portion thereof, either directly or indirectly through another entity, (iv) to serve as a general partner or limited partner of other partnerships and perform the functions of a general partner or limited partner specified in the respective partnership agreements, as amended, supplemented, restated or otherwise modified from time to time, of any such partnership, (v) to serve as a member of limited liability companies and perform the functions of a member specified in the respective limited liability company agreements, as amended, supplemented, restated or otherwise modified from time to time, of any such limited liability company, (vi) to invest in Capital Commitment Investments and/or GP-Related Investments and acquire and invest in Securities or other property (directly or indirectly through BREP VII (including any Alternative Vehicle and any Parallel Fund)), including, without limitation, in connection with any action referred to in any of clauses (i) through (v) above, (vii) to carry on such other businesses, perform such other services and make such other investments as are deemed desirable by the General Partner and as are permitted under the LLC Act, the BREP VII Agreements, and the respective partnership agreement of any partnership referred to in clause (iv) above and the respective limited liability company agreement of any limited liability company referred to in clause (v) above, in the case of each of the foregoing, as amended, supplemented, restated or otherwise modified from time to time, (viii) any other lawful purpose, and (ix) to do all things necessary, desirable, convenient or incidental...

Purpose; Powers. (a) The purpose of the Company is to engage in the Business and any other lawful act or activity for which limited liability companies may be formed under DGCL and to engage in any and all activities necessary or incidental thereto. (b) The Company shall have all the powers necessary or convenient to carry out the purposes for which it is formed, including the powers granted by DGCL.

Purpose; Powers. The Company may carry on any lawful business, purpose or activity permitted by the Act. The Company may engage in any and all activities necessary, desirable or incidental to the accomplishment of the foregoing. Subject to the provisions of this Agreement and except as prohibited by the Act, (i) the Company may, with the approval of the Managing Member, enter into and perform any and all documents, agreements and instruments, all without any further act, vote or approval of any Member and (ii) the Managing Member may authorize any Person (including any Member or Officer) to enter into and perform any document on behalf of the Company.

Purpose; Powers. (a) The purpose of the Company shall be, directly or through ownership of equity interests in other entities, (i) to own, acquire, manage and reposition primarily full service hotel properties in the United States and (ii) to do all things permitted by law that are necessary or incidental to any of the foregoing. (i) to invest and reinvest the cash assets of the Company and its Subsidiaries in money-market or other short-term investments; (ii) to have and maintain one or more offices within or without the State of Delaware, and, in connection therewith, to rent or acquire office space, engage personnel and compensate them and do such other acts and things as may be advisable or necessary in connection with the maintenance of such office or offices; (iii) to open, maintain and close bank accounts and draw checks and other orders for the payment of moneys; (iv) to form or cause to be formed and to own the stock of one or more corporations, whether foreign or domestic, and to form or cause to be formed and to participate in and own equity interests in partnerships, joint ventures and limited liability companies, whether foreign or domestic; (v) to enter into, make and perform all contracts, agreements and other undertakings as may be necessary or advisable or incident to carrying out its purposes; (vi) to sue, ▇▇osecute, settle or compromise all claims against third parties, to compromise, settle or accept judgment of claims against the Company and its Subsidiaries, and to execute all documents and make all representations, admissions and waivers in connection therewith; (vii) to distribute, subject to the terms of this Agreement, at any time and from time to time to Members cash or investments or other property of the Company or its Subsidiaries, or any combination thereof; (viii) to borrow money, whether secured or unsecured, and to make, issue, accept, endorse and execute promissory notes, drafts, bills of exchange and other instruments and evidences of indebtedness, all without limit as to amount, and to guarantee the payment thereof, and to secure the payment thereof by mortgage, pledge, or assignment of, or security interest in, the assets then owned or thereafter acquired by the Company or its Subsidiaries; (ix) to buy, sell, own, operate and otherwise deal with assets of any nature, including real estate assets; (x) to hold, receive, mortgage, pledge, lease, transfer, exchange or otherwise dispose of, grant options with respect to, and otherwise deal ...