Business Ventures. The Member may engage independently or with others in other business ventures of every nature and description, and the Company shall not have any rights in and to such independent ventures or the income or profits derived therefrom.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (PMFG, Inc.), Limited Liability Company Agreement (Wellman Inc), Limited Liability Company Agreement (Wellman Inc)
Business Ventures. The Any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall not have any rights in and to such independent ventures or the income or profits derived therefrom; provided, however, that a Member's participation in such venture is subject to and consistent with the provisions of Section 2.2 of the Collaboration Agreement.
Appears in 3 contracts
Samples: Operating Agreement (Geltex Pharmaceuticals Inc), Operating Agreement (Geltex Pharmaceuticals Inc), Operating Agreement (Genzyme Transgenics Corp)
Business Ventures. The Any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall not have any rights in and to such independent ventures or the income or profits derived therefrom; provided that a Member's participation in such venture is subject to and consistent with all applicable provisions of the Collaboration Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cyberkinetics Neurotechnology Systems, Inc.)
Business Ventures. The Any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall not have any rights in and to such independent ventures or the income or profits derived therefrom; provided, however, that a Member's participation in such venture is subject to and consistent with the provisions of Section [2.2] of the Collaboration Agreement.
Appears in 1 contract
Samples: Collaboration Agreement (Dyax Corp)
Business Ventures. The Any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall not have any rights in and to such independent ventures or the income or profits derived therefrom; provided, however, that a Member's participation in such venture is subject to and consistent with the provisions of Sections 2.2 of the Collaboration Agreement.
Appears in 1 contract
Business Ventures. The Any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall not have any rights in and to such independent ventures or the income or profits derived therefrom; PROVIDED, HOWEVER, that a Member's participation in such venture is subject to and consistent with the provisions of Section [2.2] of the Collaboration Agreement.
Appears in 1 contract
Samples: Collaboration Agreement (Dyax Corp)
