Managers and Members Have No Exclusive Duty to Company. No Manager shall be required to manage the Company as his/her sole and exclusive function and he/she (and any Manager and/or Member) 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 and/or Member or to the income or proceeds derived therefrom. Neither the Manager nor any Member shall incur any liability to the Company or to any of the Members as a result of engaging in such other business interests or activities.
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Samples: Operating Agreement
Managers and Members Have No Exclusive Duty to Company. No The Manager shall not be required to manage the Company as his/her his sole and exclusive function and he/she he (and any Manager and/or Member) 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 and/or Member or to the income or proceeds derived therefrom. Neither the Manager nor any Member shall incur any liability to the Company or to any of the Members as a result of engaging in such any other business interests or activitiesventure.
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Managers and Members Have No Exclusive Duty to Company. No Manager of the Company shall be required to manage the Company as his/his or her sole and exclusive function and he/he or she (and any Manager and/or Member) 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 and/or Member or to the income or proceeds derived therefrom. Neither the The Manager nor any Member shall not incur any liability to the Company or to any of the Members as a result of engaging in such any other business interests or activitiesventure without the consent of the Managers.
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Samples: Strategic Investment Agreement (Hightimes Holding Corp.)
Managers and Members Have No Exclusive Duty to Company. No The Manager shall not be required to manage the Company as his/her its sole and exclusive function and he/she it (and any Manager and/or Member) 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 Equity Owner shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the Manager and/or Member Equity Owner or to the income or proceeds derived therefrom. Neither the Manager nor any Member Equity owner shall incur any liability to the Company or to any of the Members Equity owners as a result of engaging in such any other business interests or activitiesventure.
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Samples: Limited Liability Company Agreement (Shipyard River Coal Terminal Co)
Managers and Members Have No Exclusive Duty to Company. No Manager or Member shall be required to manage the Company as his/her a sole and exclusive function and he/she (and any Manager and/or Member) Member may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Manager or Member shall have any right, by virtue of this Operating Agreement, to share or participate in such other investments or activities of the any Manager and/or Member or to the income or proceeds derived therefrom. Neither the any Manager nor any Member shall incur any liability to the Company or to any of the Members as a result of engaging in such any other business interests or activitiesventure.
Appears in 1 contract
Samples: Operating Agreement (Guardian Technologies International Inc)
Managers and Members Have No Exclusive Duty to Company. No Manager Managers shall not be required to manage the Company as his/her Manager’s sole and exclusive function and he/she it (and any Manager and/or Member) 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 Managers and/or Member Members or to the income or proceeds derived therefrom. Neither the Manager Managers nor any Member shall incur any liability to the Company or to any of the Members as a result of engaging in such any other business interests or activitiesventure.
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