Common use of Independent Conduct Clause in Contracts

Independent Conduct. The Trustees, and the Trustor on behalf of all future Unit Owners, hereby reserve and retain the right to engage in all businesses and activities of any kind whatsoever (irrespective of whether the same may be in competition with the Trust), and to receive compensation or profit therefor, for their own respective accounts and without in any manner being obligated to disclose or offer such business and activities or assets or compensation or profit to each other or to the Trust.

Independent Conduct. The TrusteesCompany, the Trustee and the Trustor Company on behalf of all future Unit Owners, Holders hereby reserve and retain the right to engage in all businesses and activities of any kind whatsoever (irrespective of whether the same may be in competition with the Trust), and to acquire and own all assets however acquired and wherever situated and to receive compensation or profit thereforthereof, for their own respective accounts and without in any manner being obligated to disclose or offer such business and activities or assets or businesses, activities, assets, compensation or profit to each other or to the Trust.