Members Have No Exclusive Duty to Company. Except only as may be provided in another agreement between the Company and the Member in question, a 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 Agreement to share or participate in any other interests or activities of any Member or to the income, proceeds or other benefits derived therefrom.
Members Have No Exclusive Duty to Company. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company.
Members Have No Exclusive Duty to Company. A Member may have other business interests and may engage in other activities in addition to those relating to the Company; provided, however, that this Section 5.2 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 Member and the Company which may prohibit, restrict or otherwise limit any interests or activities of the Member. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in any such other interests or activities of any of the Members or to the income, proceeds or other benefits derived therefrom; provided again, however, that this Section 5.2 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 Member and the Company.
Members Have No Exclusive Duty to Company. A Voting Member, solely by ----------------------------------------- reason of being a Voting Member, shall not be required to manage the Company as the Voting Members' sole and exclusive function, and any Member may have other business interests and may engage in other activities in addition to those relating to the Company, including interests and activities which are competitive with the Company or any Pool. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in any such other investments or activities of any of the Members or to any income, proceeds or other benefits derived therefrom.
Members Have No Exclusive Duty to Company. Except as expressly set forth in Section 4.7, the Members may have other business interests and may engage in other activities in addition to those relating to the Company, regardless of whether the same compete with the activities of 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 Member or to the income or proceeds derived therefrom. No Member shall incur liability to the Company or to any of the other Members as a result of engaging in any other business or venture. Notwithstanding the foregoing, as contemplated in Section 4.7 above, Inland shall be obligated to disclose to the Board any acquisition or development transaction Inland undertakes in the Target Market during the Investment Period.
Members Have No Exclusive Duty to Company. A Voting Member, solely ----------------------------------------- by reason of being a Voting Member, shall not be required to manage the Company as the Voting Members' sole and exclusive function, and any Member may have other business interests and may engage in other activities in addition to those relating to the Company, including interests and activities which are competitive with the Company or any Pool. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in any such other investments or activities of any of the Members or to any income, proceeds or other benefits derived therefrom.
Members Have No Exclusive Duty to Company. Each 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 Agreement, to share or participate in such other investments or activities of any other Member or to the income or proceeds derived therefrom. No Member shall incur any liability to the Company or to any of the other Members as a result of engaging in any other business or venture. This Section 3.05 shall not be deemed to limit, supersede or negate (i) any provision of Section 12.08; (ii) any employment or consulting services agreement; (iii) any covenant not to compete; or (iv) any nonsolicitation or similar provision contained in any separate agreement between any Member and the Company.
Members Have No Exclusive Duty to Company. No Member shall be required to manage the Company as such Member’s sole and exclusive function and the Members 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 any Member or to the income or proceeds derived therefrom. A Member shall not incur any liability to the Company or to any other Member as a result of engaging in any other business or venture. A Member does not violate a duty or obligation under this Act or under this Operating Agreement merely because such Member’s conduct furthers such Member’s own interest.
Members Have No Exclusive Duty to Company. The Management Committee members shall not be required to manage the Company as their sole and exclusive function, and the Members and Management Committee members may have other business interests and may engage in other activities in addition to those relating to the Company.
Members Have No Exclusive Duty to Company. In addition to purchasing Contracts from Nobility Homes, 21st Century may originate the purchase of loans from other manufactured housing retailers, manufacturers and other financial institutions (collectively, "Other Originators"). 21st Century may purchase Contracts from Other Originators and engage in other activities in addition to and in competition with those interests of Nobility Homes. Neither the Company nor Nobility Homes shall have any right by virtue of this Agreement to share or participate in such other investment or activities of 21st Century or the income or proceeds derived therefrom. 21st Century shall incur no liability to the Company or any other Member as the result of engaging in any other business venture.
