Common use of Members May Compete Clause in Contracts

Members May Compete. Members shall not in any way be prohibited from or restricted in engaging or owning an interest in any other business venture of any nature, including any venture which might be competitive with the business of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (American Railcar Industries, Inc./De), Limited Liability Company Agreement (American Railcar Industries, Inc.), Limited Liability Company Agreement (American Railcar Industries, Inc./De)

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Members May Compete. Members shall not in any way be prohibited from or restricted in engaging or owning an interest in any other business venture of any nature, including any venture which might be competitive with the business of the Company, and the Company may engage Members or persons or firms associated with them for specific purposes and may otherwise deal with such Members, on terms and for compensation to be agreed upon by any such Member and the Company.

Appears in 2 contracts

Samples: Operating Agreement (Brick Top Productions, Inc.), Limited Liability Company Operating Agreement (THM Homes Inc)

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