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.
(b) Except as otherwise expressly stated herein, no Member shall be required to participate in the Company as such Member's sole and exclusive function and any Member shall be entitled to and may have other business interests and may engage in other activities in addition to those relating to the Company other than permitted Related Party Transactions as described in Section 4.23. No Member shall have a business interest or engage in activities which are in direct competition with the Company's provision of inpatient long-term acute care hospital care services without the expressed written approval pursuant to a two-thirds (2/3) Vote. 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 Member or to the income or proceeds derived therefrom. The Member shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture permitted by this Agreement.
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. (a) A Manager shall not be required to manage the Company as his or its sole and exclusive function and the Manager may have other business interests and engage in activities in addition to those relating to the Company. Neither the Company nor any Owner 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.
(b) A Member’s ownership interest in the Company shall not be his or its sole and exclusive function, and such Member may have other business interests and engage in activities in addition to those relating to the Company. Neither the Company nor any Owner shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Members or to the income or proceeds derived therefrom.
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.
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.
(b) Except as otherwise expressly stated herein, no Member shall be required to participate in the Company as such Member's sole and exclusive function and any Member shall be entitled to and may have other business interests and may engage in other activities in addition to those relating to the Company other than permitted Related Party Transactions as described in Section 4.23. No Member shall have a business interest or engage in activities which are in direct competition with the Company's provision of inpatient long-term acute care hospital care services without the expressed written approval pursuant to a two-thirds (2/3)
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.
