Managers Have No Exclusive Duty to Company. The Manager shall not be required to manage the Company as their sole and exclusive function and they may have other business interests and may engage in other activities in addition to those relating to the Company, even if competitive with the business of 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 any 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, even if competitive with the business of the Company.
Managers Have No Exclusive Duty to Company. A Manager shall not be required to manage the Company as his or her sole and exclusive function and he or she may have other business interests and engage in 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.
Managers Have No Exclusive Duty to Company. A Manager shall not be required to manage the Company as his or her sole and exclusive function, and, subject to the fiduciary duties of a Manager set forth in this Agreement, a Manager may have other business interests and may engage in other activities in addition to those relating to the Company; provided, however, that this Section 6.7 is not intended to and shall not be construed as waiving, amending, modifying or altering any of the terms or conditions of any other agreement between any Manager and the Company which may prohibit, restrict or otherwise limit any interests or activities of the Manager.
Managers Have No Exclusive Duty to Company. Subject to Section 16 of this Agreement. a Manager shall not be required to manage the Comp~ as his or her sole and exclusive function and he or she may have other business interests and engage in activities in addition to those relating to the Company. Neither the Company, the Members, nor any other Manager shall have any right, by virtue of this Agreement to share or participate in such other investments or activities of the Manager or in the income or proceeds derived therefrom.
Managers Have No Exclusive Duty to Company. Except as otherwise Provided in this Agreement or any other agreement between the Company and a Manager,
(a) no Manager shall be required to manage the Company as his sole and exclusive function;
(b) any Manager may have other business interests and may engage in other activities in addition to those relating to the Company;
(c) 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 any Manager or to the income or proceeds derived therefrom and;
(d) no Manager shall incur any liability to the Company or to any of the Members as a result of engaging in any other business or venture.
Managers Have No Exclusive Duty to Company. Neither a Manager nor a Member shall be required to manage the Company as his sole and exclusive function and it and its Affiliates may have other business interests and engage in 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 any Manager or Member or their respective Affiliates or to the income or proceeds derived therefrom. The fact that a Member shall be a Manager shall not devolve upon him any additional obligations or duties, including fiduciary duties vis á vis the Company or any Member thereof except such duties which are imposed by this Operating Agreement, as amended from time to time.
Managers Have No Exclusive Duty to Company. The members of the Management Committee and the Manager shall not be required to manage the Company as their sole and exclusive function and they 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 or in the income or proceeds derived from the same. No member of the Management Committee or the Manager shall incur any liability to the Company or any Member as a result of engaging in any other business or venture.
Managers Have No Exclusive Duty to Company. A Manager shall devote his or her primary efforts to the business of the Company but no manager shall be required to manage the Company as his sole and exclusive business or occupation and he or she may have other business interests and engage in activities in addition to those relating to the Company so long as such activities are not in direct conflict with or directly competitive with the business of the Company. Neither the Company nor any Member or Economic Interest Owner 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, nor shall the Company or any Member or any Economic Interest Owner have any obligation or liability by virtue of this Operating Agreement to share or participate in any liabilities arising from the other investments or activities of the Mangers.
Managers Have No Exclusive Duty to Company. No Manager shall be required to manage the Company as the Manager's sole and exclusive function and any Manager may engage in other business and investment activities in addition to those relating to the Company. Neither the Company nor any Interest Holder shall have any right, solely by virtue of this Agreement or its relationship to a Manager or the Company, to share or participate in any such other investments or activities of such Manager or to the income or proceeds derived therefrom. No Manager shall have an obligation to disclose any such other investments or activities to the Board and the Interest Holders unless it is competitive with or otherwise actually or potentially adversely affects the business or property of the Company.
Managers Have No Exclusive Duty to Company. A Manager will not be required to manage the Company as his, her or its sole and exclusive function and, except as provided in this Section 6.2 or elsewhere in this Agreement, Managers may have other business interests and may engage in other activities in addition to those relating to the Company. Except as otherwise provided in this Agreement, neither the Company nor any Member will have any right, by virtue of this Agreement, to share or participate in such other investments or activities of a Manager or to the income or proceeds derived therefrom. Without limitation of the foregoing, no Manager shall have a fiduciary duty of loyalty to the Company as if the Manager were a director of a Delaware corporation, and all of the Members by their execution of this Agreement hereby waive any such duty of loyalty. Except as may otherwise be provided in this Agreement, the Managers, Members and the Company officers shall not be obligated to present any investment opportunity or prospective economic advantage to the Company or any Member of the Company, even if the opportunity is of the character that, if presented to the Company or such Member, could be taken by the Company or such Member. Further, except as may otherwise be provided in this Agreement neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in any investments or activities of each Manager and/or the Company officers or to the income or proceeds derived therefrom.
