Investment Policy. Members (other than Members who are bound by Clipper’s Investment Policy), and any assignees, officers, directors, members, employees, agents, trustees, affiliates or stockholders of such Member are permitted to engage in other business ventures and investments and are not required to present corporate opportunities to the Company, Clipper or their Affiliates, even if such opportunities directly or indirectly compete with the Company, Clipper or their Affiliates. None of the Company, Clipper, the other Members no their Affiliates will have any rights in or to such opportunities, and such opportunities are hereby renounced.
Appears in 8 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Clipper Realty Inc.), Limited Liability Company Agreement (Clipper Realty Inc.)
