Common use of Independent Activities; Transactions With Affiliates Clause in Contracts

Independent Activities; Transactions With Affiliates. (a) The Manager shall be required to devote such time to the affairs of the Company as may be necessary to manage and operate the Company, and the Manager and the Special Purpose Manager shall be free to serve any other Person or enterprise in any capacity whether or not any such activity may be competitive or in conflict with the interests of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)

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Independent Activities; Transactions With Affiliates. (a) The Each Manager shall be required to devote only such time to the affairs of the Company as may be necessary to manage and operate the Company, and the Manager and the Special Purpose Manager shall be free to serve any other Person or enterprise in any capacity whether that such Manager may deem appropriate in his, her or not any such activity may be competitive or in conflict with the interests of the Companyits discretion.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)

Independent Activities; Transactions With Affiliates. (a) The Manager shall be required to devote only such time to the affairs of the Company as such Manager determines in its sole discretion may be necessary to manage and operate the Company, and the Manager and the Special Purpose . The Manager shall be free to serve engage in any other Person or business enterprise and may serve in any capacity whether or not any such activity that it may be competitive or deem appropriate in conflict with the interests of the Companyits discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Independent Activities; Transactions With Affiliates. (a) The 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. Except as provided in Section 1.9(d) hereof, and the Manager and the Special Purpose each Manager shall be free to serve any other Person or enterprise in any capacity whether or not any that such activity Manager may be competitive or deem appropriate in conflict with the interests of the Companysuch Manager’s discretion.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership)

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Independent Activities; Transactions With Affiliates. (a) The Each Manager shall be required to devote such time to the affairs of the Company as may be necessary to manage and operate the Company, and the Manager and the Special Purpose Manager shall be free to serve any other Person or enterprise in any capacity whether that such Manager may deem appropriate in his, her or not any such activity may be competitive or in conflict with the interests of the Companyits discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bunge LTD)

Independent Activities; Transactions With Affiliates. (a) The Manager shall be required to devote such time to the affairs of the Company as may be necessary to manage and operate the Company, and the Manager and the Special Purpose Manager shall be free to serve any other Person or enterprise in any capacity whether that the Manager may deem appropriate in his, her, or not any such activity may be competitive or in conflict with the interests of the Companyits discretion.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Western Wind Energy Corp)

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