Dealings Outside the Company. Neither the Manager nor any Member shall be required to devote full time to Company business, and the Manager and Members may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others. Specifically, the Members anticipate that Capco will exploit the facilities and services of the Company, in conjunction with improvements to the Property made by Capco pursuant to Section 3.2(d), solely to operate an integrated paving asphalt business and that Foreco will exploit the facilities and services of the Company, in conjunction with improvements to the Property made by Foreland pursuant to Section 3.2(d), solely to operate an integrated roofing asphalt business, Neither the Company nor any Member shall by virtue of this Agreement have any right, title or interest in or to such independent venture of any Member.
Dealings Outside the Company. It is specifically understood and agreed that no Member shall be required to devote full time to Company business and any Member may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others, and neither the Company nor any Member shall by virtue of this Agreement have any right, title or interest in or to such independent venture of any Member.
Dealings Outside the Company. It is specifically understood and agreed that no Manager or Member shall be required to devote full time to Company business and any Manager or Member may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others, and neither the Company nor any Member shall by virtue of this Agreement have any right, title or interest in or to such independent venture of any Manager or Member, even if such venture is in competition with or related to the business of the Company. However, the authorization to engage in such ventures does not in any way modify or reduce any Member's fiduciary duty to act in the best interest of the Company and its Members.
Dealings Outside the Company. During the continuance of the Company, the Managers shall at any time and from time to time, devote such time and effort to the Company business as may be necessary to promote adequately the interests of the Company and the mutual interests of the Members. Except as otherwise provided by agreement with one or more of the Members, the Members shall not be required to devote full time to Company business. During the continuance of the Company, the Members individually or collectively may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others, and neither the Company nor any Member shall by virtue of this Agreement have any right. title or interest in or to such independent ventures of the Members. Article Eleven
Dealings Outside the Company. Each Member, Representative and member of Management shall, at any time and from time to time, devote such time and effort to the business of the Company as may be necessary to promote adequately the interests of the Company and the mutual interests of the Members. Except as specified in the Formation Agreement, the Members and their Affiliates individually or collectively may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others, and neither the Company nor any Member shall by virtue of this Agreement have any right, title or interest in or to such independent ventures of the Members or their Affiliates.
Dealings Outside the Company. Neither the Management Committee nor any Member shall be required to devote full time to Company Business, and any member of the Management Committee and Member may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others. The parties hereto acknowledge that Holding is also an affiliate of Idaho Asphalt Supply, Inc. and other entities that engage in businesses similar to that engaged in by the Company. Neither the ownership of such interests nor engaging in similar businesses that may compete with the Company shall be deemed to be a breach of any fiduciary duty owed to the Company or to any Member or of a corporate opportunity or similar doctrine applicable to the Company. Neither the Company nor any Member shall by virtue of this Agreement have any right, title, or interest in or to such independent venture of any Member.
Dealings Outside the Company. No Manager shall be required to devote his full time to Company business and any Manager may, at any time and from time to time, engage in and possess an interest in other business ventures of any and every type and description, independently or with others, and neither the Company nor any Member shall by virtue of this Agreement have any right, title or interest in or to such independent venture of any Manager.
