Common use of ACTIVITIES OF THE MANAGER PARTIES Clause in Contracts

ACTIVITIES OF THE MANAGER PARTIES. (a) The respective Manager Parties will not devote their full business time, or any material portion of their business time, to this Fund, as each is involved in the management of numerous other client and proprietary accounts. However, the Manager hereby agrees to devote to the objectives and purposes of this Fund such amount of the business time of its officers and employees as the Manager shall deem necessary for the management of the affairs of this Fund; provided, however, that nothing contained in this Section 5.03(a) shall preclude any Manager Party from acting as a director, stockholder, officer or employee of any corporation, a trustee of any trust, a partner of any partnership, a manager or member of any other limited liability company or an administrative official of any other business or governmental entity, or from receiving compensation for services rendered thereto, from participating in profits derived from investments in any such entity or from investing in any securities or other property for such person's own account.

ACTIVITIES OF THE MANAGER PARTIES. (a) The respective Manager Parties will not devote their full business time, or any material portion of their business time, to this the Fund, as each is involved in the management of numerous other client and proprietary accounts. However, the Manager hereby agrees to devote to the objectives and purposes of this the Fund such amount of the business time of its officers and employees as the Manager shall deem necessary for the management of the affairs of this the Fund; provided, however, that nothing contained in this Section 5.03(a) 5.03 shall preclude any Manager Party from acting as a director, stockholder, officer or employee of any corporation, a trustee of any trust, a partner of any partnership, a manager or member of any other limited liability company or an administrative official of any other business or governmental entity, or from receiving compensation for services rendered thereto, from participating in profits derived from investments in any such entity or from investing in any securities or other property for such person's ’s own account.