Independent Activities; Transactions With Affiliates. (a) The Directors shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, and shall be free to serve any other Person or enterprise in any capacity that they deem appropriate in their discretion.
Appears in 10 contracts
Samples: Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Nedak Ethanol, LLC)
Independent Activities; Transactions With Affiliates. (a) The Directors Member shall be required to devote only such time to the business and affairs of the Company as the Member determines in its sole discretion may be necessary to manage and operate the Companyor appropriate, and the Member shall be free to serve any other Person or enterprise in any capacity that they he may deem appropriate in their his discretion.
Appears in 6 contracts
Samples: Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP), Operating Agreement (Community Health Investment CORP)
Independent Activities; Transactions With Affiliates. (a) The Directors Each Director shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, Company and its subsidiaries and shall be free to serve any other Person or enterprise in any capacity that they such Director may deem appropriate in their his, her or its discretion.
Appears in 4 contracts
Samples: Operating Agreement (Crescent Operating Inc), Operating Agreement (Crescent Operating Inc), Operating Agreement (Magellan Health Services Inc)
Independent Activities; Transactions With Affiliates. (a) The Directors Member shall be required to devote only such time to the business and affairs of the Company as the Member determines in its sole discretion may be necessary to manage and operate the Companyor appropriate, and the Member shall be free to serve any other Person or enterprise in any capacity that they he may deem appropriate in their his discretion.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP)
Independent Activities; Transactions With Affiliates. (a) The Directors Each Member and any of its Affiliates shall be required to devote only such time to the business and affairs of the Company as such Member determines in its sole discretion may be necessary to manage and operate the Company, and each such Person, to the extent not otherwise directed by such Member, shall be free to serve any other Person or enterprise in any capacity that they it may deem appropriate in their its discretion.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Gc Net Lease Reit, Inc.), Operating Agreement (Floridian Financial Group Inc), Operating Agreement (Floridian Financial Group Inc)
Independent Activities; Transactions With Affiliates. (a) The Directors Managing Member (and any Director) shall be required to devote such time to the business and affairs of the Company as may be necessary properly to manage and operate the Company, and but otherwise shall be free to serve any other Person or enterprise in any capacity that they it may deem appropriate in their its discretion.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Independent Activities; Transactions With Affiliates. (a) The Directors Manager shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, and shall be free to serve any other Person or enterprise in any capacity that they he may deem appropriate in their his discretion.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Independent Activities; Transactions With Affiliates. (a) The Directors Managing Member and any of its Affiliates shall be required to devote only such time to the business and affairs of the Company as the Managing Member determines in its sole discretion may be necessary to manage and operate the Company, and each such Person, shall be free to serve any other Person or enterprise in any capacity that they it may deem appropriate in their its discretion.
Appears in 2 contracts
Samples: Agreement (Ims Health Inc), Partnership Agreement (Ims Health Inc)
Independent Activities; Transactions With Affiliates. (a) The Directors Managing Member shall be required to devote such time to the business and affairs of the Company as it determines, in its sole discretion, may reasonably be necessary to manage and operate the Company, and shall will be free to serve any other Person or enterprise in any capacity that they it may deem appropriate in their its sole discretion.
Appears in 2 contracts
Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)
Independent Activities; Transactions With Affiliates. (a) The Directors shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, and shall be free to serve any other Person or enterprise in any capacity that they deem appropriate in their discretion.. Neither this Agreement nor any activity undertaken pursuant hereto shall:
Appears in 1 contract
Samples: Operating Agreement
Independent Activities; Transactions With Affiliates. (a) The Directors Each Director shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, and shall be free to serve any other Person or enterprise in any capacity that they such Director may deem appropriate in their his or her discretion.
Appears in 1 contract
Independent Activities; Transactions With Affiliates. (a) The Directors Each Manager shall be required to devote such time to the business and affairs of the Company as may be necessary to manage and operate the Company, and unless otherwise restricted in a contract with the Company, shall be free to serve any other Person or enterprise in any capacity that they such Manager may deem appropriate in their his, her, or its discretion.
Appears in 1 contract
Samples: Operating Agreement
