Limitation on Company Opportunities. Each Member hereby represents and warrants to each other Member that such Member has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any Independent Activity of any kind whatsoever of such Member or its Affiliates other than as expressly set forth herein or in the Affiliate Agreement. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets and shall not extend to any other property, investment or activity, other than as expressly set forth herein.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.)
Limitation on Company Opportunities. Each Member hereby represents and warrants to each the other Member that such Member it has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such the other Member in the ownership or profits of any Independent Activity of any kind whatsoever of such Member or its Affiliates other than as expressly set forth herein or in the Affiliate AgreementAffiliates. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets Permitted Activities with respect to the Property and shall not extend to any other property, investment or activity, activity other than as expressly set forth hereinthe Permitted Activities conducted solely on or with respect to the Property.
Appears in 2 contracts
Samples: Operating Agreement (Udc Homes Inc), Operating Agreement (Udc Homes Inc)
Limitation on Company Opportunities. Each Member hereby represents and warrants to each the other Member that such Member it has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any present or future Independent Activity of any kind whatsoever of such other Member or its Affiliates such other than as expressly set forth herein or in the Affiliate Agreement. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets and shall not extend to any other property, investment or activity, other than as expressly set forth hereinMember’s Affiliates.
Appears in 1 contract
Samples: Operating Agreement (MGM Mirage)
Limitation on Company Opportunities. Each Member hereby represents and warrants to each the other Member that such neither the warranting Member nor any of its Affiliates has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any present or future Independent Activity of any kind whatsoever of such any other Member or any of its Affiliates other than as expressly set forth herein or in the Affiliate AgreementAffiliates. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets Business with respect to the Property and shall not extend to any other property, investment investment, or activity, including, without limitation, any real property other than as expressly set forth hereinthe Property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
Limitation on Company Opportunities. Each Except as stated in Subsection (b) above, each Member hereby represents and warrants to each other Member that such the warranting Member has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any present or future Independent Activity of any kind whatsoever of such other Member or its Affiliates such other than as expressly set forth herein or in the Affiliate AgreementMember's Affiliates. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets Core Activities with respect to the Property and shall not extend to any other property, investment or activity, other than as expressly set forth herein.
Appears in 1 contract
Limitation on Company Opportunities. Each Member hereby represents and warrants to each the other Member that such Member it has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any present or future Independent Activity of any kind whatsoever of such Member other member or its Affiliates such other than as expressly set forth herein or in the Affiliate Agreement. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets and shall not extend to any other property, investment or activity, other than as expressly set forth hereinMember’s Affiliates.
Appears in 1 contract
Samples: Operating Agreement (MGM Mirage)
Limitation on Company Opportunities. Each Except as stated in Section 1.9(b), each Member hereby represents and warrants to each other Member that such the warranting Member has not been offered, as an inducement to enter into this Agreement, the opportunity to participate with any other Member or any Affiliate of such other Member in the ownership or profits of any present or future Independent Activity of any kind whatsoever of such other Member or its Affiliates such other than as expressly set forth herein or in the Affiliate AgreementMember’s Affiliates. The Members expressly acknowledge that the opportunities of the Company shall be limited to the Company Assets Business Activities with respect to the Property and shall not extend to any other property, investment or activity, other than as expressly set forth herein.
Appears in 1 contract
Samples: Operating Agreement (A & B II, Inc.)