Competing Activities. The Manager may participate in any business or activity without accounting to the Company or the Members. Each Member waives the benefit of the corporate opportunity doctrine, on his or her own behalf and on behalf of the Company, and agrees that the Manager may deal in other real estate transactions for its own account and/or for the accounts of others without any requirement to account to the Company for such dealings.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC)
Competing Activities. The Manager may participate in any business or activity without accounting to the Company LLC or the Members. Each Member waives the benefit of the corporate opportunity doctrine, on his or her own behalf and on behalf of the CompanyLLC, and agrees that the Manager may deal in other real estate transactions for its own account and/or for the accounts of others without any requirement to account to the Company LLC for such dealings.
Appears in 5 contracts
Samples: Operating Agreement (Sachem Capital Corp.), Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Competing Activities. The Manager may participate in any business or activity without accounting to the Company Company, Series, or the Members. Each Member waives the benefit of the corporate opportunity doctrinedoctrine on its own behalf, on his or her own behalf and on behalf of the CompanyCompany and each Series, and agrees that the Manager may deal in other real estate transactions for its own account and/or for the accounts of others others, without any requirement to account to the Company or Series for such dealings.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC)
Competing Activities. The Manager may participate in any business or activity without accounting to the Company Series or the Members. Each Member waives the benefit of the corporate opportunity doctrine, on his or her own behalf and on behalf of the CompanySeries, and agrees that the Manager may deal in other real estate transactions for its own account and/or for the accounts of others without any requirement to account to the Company Series for such dealings.
Appears in 1 contract
Samples: Operating Agreement
