Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 32 contracts
Samples: Amended Operating Agreement (Holiday Lifestyle Fund I), Operating Agreement, Operating Agreement (Cardone Equity Fund IX, LLC)
Manager Has No Exclusive Duty to Company. The Any Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefromthere from. The Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 22 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as his, her or its sole and exclusive function and function. The Manager may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor the Sole Member or any Person who is directly or indirectly affiliated with or related to the Company or the Sole Member shall have any right, by virtue of this Agreement, to share or participate in such investments or other activities of a Manager or of the Manager Sole Member or to the income or proceeds derived therefrom.
Appears in 12 contracts
Samples: Operating Agreement (Drivetime Automotive Group Inc), Operating Agreement (DriveTime Ohio Company, LLC), Operating Agreement (DriveTime Ohio Company, LLC)
Manager Has No Exclusive Duty to Company. The Unless otherwise expressly provided hereunder or under any other agreement entered into between the Company and such person, no Manager shall not be required to manage the Company as its his sole and exclusive function function, and he may have other business interests and may engage in other activities in addition to those relating to the Company. Neither , and neither the Company nor any the Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the such Manager or to the income or proceeds derived therefrom.
Appears in 7 contracts
Samples: Operating Agreement (Gamble's Hill Tredegar, LLC), Operating Agreement (Gamble's Hill Tredegar, LLC), Operating Agreement (Gamble's Hill Tredegar, LLC)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.. Cardone Equity Fund V, LLC 17 Operating Agreement
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement (Cardone Equity Fund V, LLC), Operating Agreement (Cardone Equity Fund V, LLC)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its the Manager’s sole and exclusive function and may have other business interests and the Manager may engage in other business and investment activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 4 contracts
Samples: Operating Agreement (Maracay Homes, L.L.C.), Operating Agreement (Maracay Homes, L.L.C.), Operating Agreement (Maracay Homes, L.L.C.)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and function. Subject to the fulfillment of the Manager's obligations pursuant to this Agreement, the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom. The Manager shall not incur any liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 4 contracts
Samples: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its the Manager’s sole and exclusive function occupation, and a Manager may have other business interests and may engage in other investments, occupations and activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MPLX Lp), Limited Liability Company Agreement (Markwest Energy Partners L P), Services Agreement (Markwest Energy Partners L P)
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its the Manager's sole and exclusive function occupation, and a Manager may have other business interests and may engage in other investments, occupations and activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company provided that such business interests are not competitive with the business interests of the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.. CAPITAL CITIES FUND, LLC
Appears in 3 contracts
Samples: Operating Agreement (Capital Cities Fund, LLC), Operating Agreement (Capital Cities Fund, LLC), Operating Agreement (Capital Cities Fund, LLC)
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its his sole and exclusive function and he may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the The Company nor any Member shall not have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to in the income or proceeds derived therefrom.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Gym-Card, LLC)
Manager Has No Exclusive Duty to Company. The Any Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom. The Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 2 contracts
Samples: entrustcapitalgroup.com, Liability Company Operating Agreement
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as his or its sole and exclusive function and he or it (or any Manager) may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom. A Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 2 contracts
Samples: Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and function. The Manager may have other business interests and except as provided in Section 3.05, may engage in other activities in addition to those relating to the Company; provided that the Manager shall be required to contribute time and services as may be commercially reasonable to operate the Company and carry out its purposes. Neither the Company nor any Member shall have any right, by virtue of this Operating Agreement, to share or participate in such investments other interests or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 2 contracts
Samples: Operating Agreement (Unified Western Grocers Inc), Operating Agreement (Unified Western Grocers Inc)
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as his or its sole and exclusive function and he or it (or any Manager) may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom. A Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 2 contracts
Samples: Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Bluerock Residential Growth REIT, Inc.
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.. Cardone Equity Fund VI, LLC 17 Operating Agreement
Appears in 2 contracts
Samples: Operating Agreement (Cardone Equity Fund VI, LLC), Operating Agreement (Cardone Equity Fund VI, LLC)
Manager Has No Exclusive Duty to Company. The Manager shall devote to the Company such time and effort as may be necessary for the proper performance of its duties hereunder. The Manager shall not be required to manage the Company as its sole and exclusive function and it may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any other Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefromfrom such investments or activities. The Manager shall incur no liability to the Company or any other Member as a result of engaging in any other business or venture.
Appears in 1 contract
Samples: Limited Liability Company Agreement (LEAF Equipment Finance Fund 4, L.P.)
Manager Has No Exclusive Duty to Company. The Unless otherwise expressly provided hereunder or under any other agreement entered into between the Company and such person, no Manager shall not be required to manage the Company as its sole and exclusive function function, and it may have other business interests and may engage in other activities in addition to those relating to the Company. Neither , and neither the Company nor any the Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the such Manager or to the income or proceeds derived therefrom.
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its it sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any rightfight, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The A Manager shall will not be required to manage the Company as its the Manager’s sole and exclusive function occupation, and a Manager may have other business interests and may engage in other investments, occupations and activities in addition to those relating to the Company. Neither the Company nor any Member shall will have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its his sole and exclusive function function, and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this AgreementAgreement or otherwise, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom.
Appears in 1 contract
Samples: Operating Agreement (Comstock Holding Companies, Inc.)
Manager Has No Exclusive Duty to Company. The A Manager shall will not be required to manage the Company as its the Manager’s sole and exclusive function occupation, and a Manager may have other business interests and may engage in other investments, occupations and activities in addition to those relating to the Company, including those on behalf of any Member or its Affiliates. Neither the Company nor any Member shall will have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its his or her sole and exclusive function and he or she (or any Manager) may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefromfrom them. A Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The Except as otherwise agreed to in writing, a Manager shall not be required to manage the Company as its his or her sole and exclusive function function, and he or she may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of so long as the Manager or to the income or proceeds derived therefromdoes not usurp a Company Business Opportunity.
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The Any Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom. The Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Appears in 1 contract
Samples: Operating Agreement
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its his sole and exclusive function and he may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager or to the income or proceeds derived therefrom.the
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The No Manager shall not be required to manage the Company as its his or her sole and exclusive function function, and may have other business interests and, except as otherwise expressly set forth herein or in any employment agreement between a Manager and the Company or an Affiliate thereof, if applicable, may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager Managers or their Affiliates or to the income or proceeds derived therefrom.
Appears in 1 contract
Manager Has No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and it may have other business interests and may engage in other activities in addition to those relating to the Company. Neither The Manager shall incur no liability to the Company nor or to any Member shall have any right, by virtue of this Agreement, to share or participate in such investments or activities of the Manager Members as a result of engaging in any other business or to the income or proceeds derived therefromventure.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Manager Has No Exclusive Duty to Company. The A Manager shall not be required to manage the Company as its sole and exclusive function and it may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, right by virtue of this Operating Agreement, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom. Notwithstanding the foregoing, each of the Members and the Manager agree that no such other activity shall be pursued without compliance with the terms of Article V hereof.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Capital Growth Systems Inc /Fl/)