Existing Business Ventures. The Sole Member, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 25 contracts
Samples: Limited Liability Company Agreement (Sprague Resources LP), Limited Liability Company Agreement (Hartree Bulk Storage, LLC), Limited Liability Company Agreement (Rattler Midstream Lp)
Existing Business Ventures. The Sole Member, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improperimproper or a breach of any duty.
Appears in 10 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Rice Midstream Partners LP), Limited Liability Company Agreement (Rice Midstream Partners LP)
Existing Business Ventures. The Sole MemberMembers, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member Members shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement
Existing Business Ventures. The Sole Member, each Director and their respective Affiliates affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Oiltanking Partners, L.P.), Limited Liability Company Agreement (PBF Logistics LP), Limited Liability Company Agreement (PBF Logistics LP)
Existing Business Ventures. The Sole Each Member, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the PartnershipCompany, and the Company, the Partnership, the Directors and the Sole Member Members shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the PartnershipCompany, shall not be deemed wrongful or improper.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)
Existing Business Ventures. The Sole Each Member, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member Members shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement
Existing Business Ventures. The Sole Member, each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the PartnershipEnLink Midstream, and the Company, the PartnershipEnLink Midstream, the Directors and the Sole Member shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the PartnershipEnLink Midstream, shall not be deemed wrongful or improper.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (EnLink Midstream, LLC), Limited Liability Company Agreement (EnLink Midstream, LLC), Limited Liability Company Agreement (EnLink Midstream, LLC)
Existing Business Ventures. The Sole Member, each Director Member and their respective its Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the PartnershipCompany, and the Company, the Partnership, the Directors and the Sole Member Company shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the PartnershipCompany, shall not be deemed wrongful or improperimproper or a breach of any duty existing at law, in equity or otherwise.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rentech Nitrogen Pasadena Holdings, LLC), Limited Liability Company Agreement (Rentech Nitrogen Pasadena Holdings, LLC), Limited Liability Company Agreement (Rentech Nitrogen Partners, L.P.)
Existing Business Ventures. The Sole MemberMembers, each Director and their respective Affiliates affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member Members shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits Profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mach Natural Resources Lp), Limited Liability Company Agreement (Mach Natural Resources Lp)
Existing Business Ventures. The Sole Member, each Each Director and their respective Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company or the Partnership, and the Company, the Partnership, the Directors and the Sole Member shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company or the Partnership, shall not be deemed wrongful or improper.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Enviva Partners, LP)
