Common use of No Exclusive Duty to Company Clause in Contracts

No Exclusive Duty to Company. The Manager shall not be required to tend to the business and affairs of the Company as such Manager’s sole and exclusive function and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such).

Appears in 2 contracts

Samples: LLC Operating Agreement (Medical Evaluation Specialists), Operating Agreement (Medical Evaluation Specialists)

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No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function and the Manager they may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Amended and Restated Agreement to share or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Manager as a result of engaging in any other business interests or activities are conducted in the Manager’s capacity as such)activities.

Appears in 2 contracts

Samples: Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

No Exclusive Duty to Company. The Manager Managing Member and each Officer shall not be required to tend to the business and affairs of the Company as such ManagerPerson’s sole and exclusive function function. The Managing Member and the Manager any Officer may have other business interests and may engage in other activities in addition to those relating to the Company. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager Managing Member or Officer or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Managersuch Person’s capacity as sucha member or manager of the Company or an Officer).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Velodyne Lidar, Inc.), Limited Liability Company Agreement (TransMontaigne Partners LLC)

No Exclusive Duty to Company. The Manager shall not be required to tend to the business and affairs of manage the Company as such the Manager’s 's sole and exclusive function and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not 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 (unless such investments therefrom. The Manager shall incur no liability to the Company or activities are conducted to any of the Members as a result of engaging in the Manager’s capacity as such)any other business or ventures.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (GK Investment Property Holdings II LLC), Limited Liability Company Agreement (GK Investment Holdings, LLC)

No Exclusive Duty to Company. The Manager shall not be required to tend to the business and affairs of manage the Company as such Manager’s his sole and exclusive function and the Manager he may have other business interests and may engage in on other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of this AgreementAgreement and by virtue of being a Member of this Company, to share or participate in such other investments or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Manager shall incur no liability to the Company or activities are conducted to any of the Members as a result of engaging in the Manager’s capacity as such)any other business or venture.

Appears in 1 contract

Samples: Operating Agreement (Radiant Logistics, Inc)

No Exclusive Duty to Company. The Manager Managing Member and each officer shall not be required to tend to the business and affairs of the Company as such ManagerPerson’s sole and exclusive function function. The Managing Member and the Manager any officer may have other business interests and may engage in other activities in addition to those relating to the Company. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager Managing Member or officer or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Managersuch Person’s capacity as sucha member or manager of the Company or an officer).

Appears in 1 contract

Samples: Limited Liability Company Agreement (EQRx, Inc.)

No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function and the Manager they may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Amended and Restated Agreement to share or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Manager as a result of engaging in any other business interests or activities are conducted in the Manager’s capacity as such).activities. 4.7

Appears in 1 contract

Samples: Operating Agreement

No Exclusive Duty to Company. The Manager shall not be required to tend to the business and affairs of manage the Company as such Manager’s his sole and exclusive function and the Manager he and any Member may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Agreement to share in or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. No Member or activities are conducted Manager shall incur liability as a result of engaging in the Manager’s capacity as such)any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Doe Run Resources Corp)

No Exclusive Duty to Company. The Manager Subject to the provisions of Section 3.13, the Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function function, and the Manager they may have other business interests and may engage in other activities in addition to those relating to the Company, including on behalf of the Member. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or such other activities of the a Manager or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)therefrom.

Appears in 1 contract

Samples: Operating Agreement (Oshkosh Defense, LLC)

No Exclusive Duty to Company. The Manager and Directors shall not be required to tend to the business and affairs of serve the Company as such the Manager’s 's or Director's sole and exclusive function function. The Manager and the Manager Directors may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member or Unit Holder, nor any Person who is directly or indirectly affiliated with or related to any of them shall not have any right, by virtue of this Agreement, to share or participate in investments or such other activities of the Manager or Directors or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such).therefrom. 4.8

Appears in 1 contract

Samples: Operating Agreement (Seed Equity Properties LLC)

No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s his, her or its sole and exclusive function and the Manager he, she or it may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Agreement to share or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Managers shall incur no liability to the Company or activities are conducted any Member solely as a result of engaging in the Manager’s capacity as such)any other business interests or activities.

Appears in 1 contract

Samples: Operating Agreement (NaturalNano , Inc.)

No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function and the Manager they may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Agreement to share or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Manager shall incur no liability to the Company or activities are conducted any Member as a result of engaging in the Manager’s capacity as such).any other business interests or activities. 4.7

Appears in 1 contract

Samples: Qualex Inc.

No Exclusive Duty to Company. The Manager shall not be required to tend to the business and affairs of manage the Company as such Manager’s its sole and exclusive function and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company, whether competitive or not. The Company Manager shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager or incur no liability to the income Company or proceeds derived therefrom (unless such investments any Member as a result of engaging in any other business interests or activities are conducted in the Manager’s capacity as such)activities.

Appears in 1 contract

Samples: Operating Agreement

No Exclusive Duty to Company. The Manager None of the Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s his sole and exclusive function function, and the Manager each may have other business interests and may engage in other activities in addition to those relating to the Company, including but not limited to activities that may be competitive with the Company. The Neither the Company nor any Members shall not have any right, by virtue of this AgreementOperating Agreement or by virtue of being a Member, to or share or participate in such other investments or activities of the a Manager or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)therefrom.

Appears in 1 contract

Samples: Operating Agreement (IST Holdings, LLC)

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No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function and the each Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Agreement to share in or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. No Member or activities are conducted Manager shall incur liability as a result of engaging in the Manager’s capacity as such)any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cadiz Inc)

No Exclusive Duty to Company. The Manager and Directors shall not be required to tend to the business and affairs of serve the Company as such the Manager’s 's or Director's sole and exclusive function function. The Manager and the Manager Directors may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member or Unit Holder, nor any Person who is directly or indirectly affiliated with or related to any of them shall not have any right, by virtue of this Agreement, to share or participate in investments or such other activities of the Manager or Directors or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)therefrom.

Appears in 1 contract

Samples: Operating Agreement (Seed Equity Properties LLC)

No Exclusive Duty to Company. The Manager and Directors shall not be required to tend to the business and affairs of serve the Company as such Manager’s the Managers or Directors sole and exclusive function function. The Manager and the Manager Directors may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member or Unit Holder, nor any Person who is directly or indirectly affiliated with or related to any of them shall not have any right, by virtue of this Agreement, to share or participate in investments or such other activities of the Manager or Directors or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such).therefrom. 4.8

Appears in 1 contract

Samples: Operating Agreement (Seed Equity Properties LLC)

No Exclusive Duty to Company. The A Manager shall not be required to tend to the business and affairs of manage the Company as such Manager’s his or her sole and exclusive function and the any Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or to in the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)therefrom.

Appears in 1 contract

Samples: Operating Agreement (Hni Corp)

No Exclusive Duty to Company. The No Manager shall not be required to tend to the business and affairs of manage the Company as such Manager’s his or her sole and exclusive function and the Manager he or she may be an employee of a Member and/or have other business interests and may engage in other activities in addition to those relating to the Company. The No Manager nor any Member shall incur any liability to the Company shall not have or to any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager Members as a result of engaging in any other business or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)venture.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Herbalife International Inc)

No Exclusive Duty to Company. The Manager Managers shall not be required to tend to the business and affairs of manage the Company as such Manager’s their sole and exclusive function and the Manager they may have other business interests and may engage in other activities in addition to those relating to the Company. The Neither the Company nor any Member shall not have any right, by virtue of right pursuant to this Agreement, Agreement to share or participate in investments such other business interests or activities of the Manager or to the income or proceeds derived therefrom (unless such investments therefrom. The Managers shall incur no liability to the Company or activities are conducted any Member as a result of engaging in the Manager’s capacity as such)any other business interests or activities.

Appears in 1 contract

Samples: Operating Agreement

No Exclusive Duty to Company. The Manager Managing Member and each Officer shall not be required to tend to the business and affairs of the Company as such ManagerPerson’s sole and exclusive function function. The Managing Member and the Manager any Officer may have other business interests and may engage in other activities in addition to those relating to the Company. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager Managing Member or Officer or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Managersuch Person’s capacity as sucha Member or manager of the Company or an Officer).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Third Coast Midstream, LLC)

No Exclusive Duty to Company. The Manager shall not be required to tend to manage or participate or otherwise be involved in the business Company’s Business and affairs of the Company as such Manager’s sole and exclusive function and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Company shall not have any right, by virtue of this Agreement, to share or participate in investments or activities of the Manager or to the income or proceeds derived therefrom (unless such investments or activities are conducted in the Manager’s capacity as such)function.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Procaccianti Hotel Reit, Inc.)

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