Independent Activities; Transactions With Affiliates. (a) Member is required to devote only such time to the affairs of the Company as Member determines in Member’s sole discretion. Member is free to serve any other Person or enterprise in any capacity that Member deems appropriate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Loews Citywalk Theatre CORP), Limited Liability Company Agreement (Loews Citywalk Theatre CORP)
Independent Activities; Transactions With Affiliates. (a) Each Member is and Manager and any of their respective Affiliates shall be required to devote only such time to the affairs of the Company as such Member or Manager determines in Member’s its sole discretion. discretion may be necessary, and each Affiliate of a Member is or Manager, to the extent not otherwise directed by the Member or Manager, shall be free to serve any other Person or enterprise in any capacity that Member deems appropriateit may deem appropriate in its discretion.
Appears in 2 contracts
Samples: Operating Agreement (Extra Space Storage Inc.), Operating Agreement (Extra Space Storage Inc.)
Independent Activities; Transactions With Affiliates. (a) Each Member is and their Affiliates, including any individuals appointed by a Member to the Board, shall be required to devote only such time to the affairs of the Company as Member such Person determines in Member’s sole discretion. Member is its reasonable 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 Member deems appropriateit may deem appropriate in its discretion.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MGP Ingredients Inc)
