Common use of Purposes and Scope Clause in Contracts

Purposes and Scope. Subject to the provisions of this Agreement, the purposes of the Company are to: (a) acquire (directly or through subsidiaries) the operations of the ▇▇▇▇ Companies and the Suiza Companies through the Mergers and the Contributions; (b) own, operate, manage, maintain, improve, develop, purchase, sell or exchange, and otherwise acquire or dispose of, Plastics Operations; provided, however, that the Company may also invest or expend up to $25 million in the aggregate to own, operate, manage, maintain, improve, develop, purchase, and otherwise acquire or dispose of non-plastic packaging operations; (c) borrow money in furtherance of any or all of the objectives of the Company business, and to secure the same by mortgage, pledge, or other liens; and (d) do any and all other acts or things that may be incidental or necessary to carry on the business of the Company as herein contemplated. The Company shall not engage in any other business or activity not intended to implement the foregoing without the prior written consent of the Management Committee.

Purposes and Scope. Subject to the provisions of this Agreement, the purposes of the Company are to: (a) acquire (directly or through subsidiaries) the operations of the ▇R▇▇▇ Companies and the Suiza Companies through the Mergers and the Contributions; (b) own, operate, manage, maintain, improve, develop, purchase, sell or exchange, and otherwise acquire or dispose of, Plastics Operations; provided, however, that the Company may also invest or expend up to $25 million in the aggregate to own, operate, manage, maintain, improve, develop, purchase, and otherwise acquire or dispose of non-plastic packaging operations; (c) borrow money in furtherance of any or all of the objectives of the Company business, and to secure the same by mortgage, pledge, or other liens; and (d) do any and all other acts or things that may be incidental or necessary to carry on the business of the Company as herein contemplated. The Company shall not engage in any other business or activity not intended to implement the foregoing without the prior written consent of the Management Committee.