No Business Opportunity Obligations. None of the Members or any Director (or any of their Affiliates) shall have any obligation, as a result of any such Person’s status as a LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX LLC Member or Director (or Affiliate thereof), to present a business opportunity to the Company or to refrain from taking advantage of a business opportunity individually whether or not such opportunity falls within the purpose of the Company as described in Section 2.4 herein; provided, however, that nothing in this Section 9.2 shall be deemed to authorize any Person to prevent the Company from pursuing any business opportunity that such Person is pursuing in an individual capacity. LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (Quintana Maritime LTD)
No Business Opportunity Obligations. None of the Members or any Director (or any of their Affiliates) shall have any obligation, as a result of any such Person’s status as a LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX IRON XXXX XXXXXX LLC Member or Director (or Affiliate thereof), to present a business opportunity to the Company or to refrain from taking advantage of a business opportunity individually whether or not such opportunity falls within the purpose of the Company as described in Section 2.4 herein; provided, however, that nothing in this Section 9.2 shall be deemed to authorize any Person to prevent the Company from pursuing any business opportunity that such Person is pursuing in an individual capacity. LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX IRON XXXX XXXXXX LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (Quintana Maritime LTD)
No Business Opportunity Obligations. None of the Members or any Director (or any of their Affiliates) shall have any obligation, as a result of any such Person’s status as a LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX LLC Member or Director (or Affiliate thereof), to present a business opportunity to the Company or to refrain from taking advantage of a business opportunity individually whether or not such opportunity falls within the purpose of the Company as described in Section 2.4 herein; provided, however, that nothing in this Section 9.2 shall be deemed to authorize any Person to prevent the Company from pursuing any business opportunity that such Person is pursuing in an individual capacity. LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX XXXXXX LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (Quintana Maritime LTD)
No Business Opportunity Obligations. None of the Members or any Director (or any of their Affiliates) shall have any obligation, as a result of any such Person’s status as a LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX LLC Member or Director (or Affiliate thereof), to present a business opportunity to the Company or to refrain from taking advantage of a business opportunity individually whether or not such opportunity falls within the purpose of the Company as described in Section 2.4 herein; provided, however, that nothing in this Section 9.2 shall be deemed to authorize any Person to prevent the Company from pursuing any business opportunity that such Person is pursuing in an individual capacity. LIMITED LIABILITY COMPANY AGREEMENT XXXXX XXXXXXX XXXXXX LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (Quintana Maritime LTD)