Common use of Ability to Engage in Other Activities Clause in Contracts

Ability to Engage in Other Activities. Each Member expressly agrees that the Manager and the Manager’s Affiliates may engage independently or with others, for its or their own accounts and for the accounts of others, in other business ventures and activities of every nature and description whether such ventures are competitive with the business of the Fund or otherwise, including, without limitation, purchasing, selling or holding Working Interests for the account of any other Person or enterprise or for its or his own account. Neither the Fund nor any Member shall have any rights or obligations by virtue of this Agreement in and to such independent ventures and activities or the income or profits derived therefrom.

Ability to Engage in Other Activities. Each Member expressly agrees that the Manager and the Manager’s Affiliates may engage independently or with others, for its or their own accounts and for the accounts of others, in other business ventures and activities of every nature and description whether such ventures are competitive with the business of the Fund or otherwise, including, without limitation, purchasing, selling or holding Working Interests in oil and gas projects for the account of any other Person or enterprise or for its or his own account. Neither the Fund nor any Member shall have any rights or obligations by virtue of this Agreement in and to such independent ventures and activities or the income or profits derived therefrom.

Ability to Engage in Other Activities. Each Member expressly agrees that the Manager and the Manager’s Affiliates may engage independently or with others, for its or their own accounts and for the accounts of others, in other business ventures and activities of every nature and description whether such ventures are competitive with the business of the Fund or otherwise, including, without limitation, purchasing, selling or holding Working Interests working interests in oil and gas projects for the account of any other Person or enterprise or for its or his own account. Neither the Fund nor any Member shall have any rights or obligations by virtue of this Agreement in and to such independent ventures and activities or the income or profits derived therefrom.