Competing Ventures. The Limited Partners understand that the General ------------------ Partner may have other business activities which may take the major part of the General Partner's total time devoted to business matters. Accordingly, the General Partner shall not be bound to devote all of the General Partner's business time to the affairs of the Partnership, but shall devote such time and attention to the Partnership's business as may be required in order to assure that the Partnership's business is conducted in a diligent and proper manner. During the continuance of this Agreement, Boomtown and the General Partner and/or their respective affiliated entities may (i) engage in any activity whether or not in direct competition with the Partnership for such Partner's own profit and advantage without the consent of any other Partner or the Partnership, or (ii) possess an interest in any other business venture of any nature or description independently or with others. Neither the Partnership nor any Partner shall have any right by virtue of this Agreement in and to any Partner's separate business venture or to the income or profits derived therefrom.
Competing Ventures. Any of the Members or the Manager may freely engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to, the ownership of assets of the same type and nature as the assets of the Company, and neither the Company nor any of the Members shall have any right by virtue of this Agreement in and to such independent ventures or to the income or profits derived therefrom.
Competing Ventures. During the term of the Partnership as set forth in Section 1.4, neither the General Partner, nor any Affiliate of the General Partner shall engage in any other commercial ventures which compete with the business of the Partnership if such commercial venture is located within a one hundred (100) mile radius of the location of the Partnership’s principal office as set forth in Section 1.1 of this Agreement.
Competing Ventures. 14 5.5 Disclosures....................................................... 14 SECTION 6 TRANSFER OF A PARTNERSHIP INTEREST; WITHDRAWALS....................................................... 16 6.1 Transfers......................................................... 16 6.2 Withdrawal of a Limited Partner................................... 17 6.3 Mandatory Transfer of a Partner's Interest........................ 18 SECTION 7 DISSOLUTION AND LIQUIDATION OF THE PARTNERSHIP....................................................... 18
Competing Ventures. 12 9.8 Fees.........................................................................12 9.9
Competing Ventures. Any of the PARTNERS may engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to, the ownership of assets of the same type and nature as the assets of the PARTNERSHIP, and neither the PARTNERSHIP nor any of the PARTNERS shall have any right by virtue of this Agreement in and to such independent ventures or to the income or profits derived therefrom.
Competing Ventures. Except as disclosed in Section 4.1, no Seller owns, directly or indirectly, any interest in a corporation, partnership, firm or association, which is either a competitor, potential competitor, customer or supplier of CDC or has an existing contractual relationship with CDC.
Competing Ventures. Any of the Members or the Manager may freely engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to, the ownership of assets of the same type and nature as the assets of the Company, and neither the Company nor any of the Members shall have any right by virtue of this Agreement in and to such independent ventures or to the income or profits derived therefrom. The Members acknowledge that Northstar is obligated to deliver to the Company the Confidentiality and Non-compete Agreements executed by each member of the Northstar Board of Governors pursuant to Section 4.1.3 of this Agreement; nothing in this Section 9.7 is intended to mitigate the obligations of the members of Northstar pursuant to such Confidentiality and Non-compete Agreements.
Competing Ventures. 14 5.5 Disclosures............................................ 15 5.6 Reimbursement to the General Partner................... 15 5.7 Compensation........................................... 15 5.8 Tax Matters Partner.................................... 15 5.9 Books, Records and Annual Financial Statements......... 16
