No Exclusive Duty to Company. The Member shall not be required to manage the Company as the Member’s sole and exclusive function, and the Member 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 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 as a result of engaging in any other business or venture.
Appears in 3 contracts
Samples: Operating Agreement (Oshkosh Defense, LLC), Operating Agreement (Oshkosh Defense, LLC), Limited Liability Company Agreement (Quad/Graphics Kingsport LLC)
No Exclusive Duty to Company. The No Member shall not be required to manage devote its full energy, time, and skill to the Company as the Member’s its sole and exclusive functionoccupation, and the each 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 other Member shall not have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Member or to in the income or proceeds derived therefrom. The Member shall incur no liability to the Company as a result of engaging in any other business or venture.
Appears in 2 contracts
Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)
No Exclusive Duty to Company. The Member shall not be required to manage tend to the business and affairs of the Company as the such Member’s sole and exclusive function, function and the Member 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 such other investments or activities of the Member or to the income or proceeds derived therefrom. The Member shall incur no liability to therefrom (unless such investments or activities are conducted in the Company Member’s capacity as a result of engaging in any other business or venturesuch).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (AGY Holding Corp.), Limited Liability Company Agreement (AGY Holding Corp.)
No Exclusive Duty to Company. The No Member shall not be required to manage the Company as the such Member’s sole and exclusive functionfunction and, and except as otherwise set forth herein or in other written agreements between the Member parties, the Members 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 LLC Agreement, to share or participate in such other investments or activities of the Member or to the income or proceeds derived therefrom. The Except as otherwise provided herein, no Member shall incur no any liability to the Company or to any of the Members solely as a result of engaging in any other business or venture.
Appears in 1 contract
No Exclusive Duty to Company. The Member Managing Members shall not be required to manage the Company as the Member’s their sole and exclusive function, function and the Member 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 such other investments business interests or activities of the Member or to the income or proceeds derived therefromthere from. The Member Managing Members shall incur no liability to the Company or any Member as a result of engaging in any other business interests or ventureactivities.
Appears in 1 contract
Samples: Operating Agreement
No Exclusive Duty to Company. The Member shall not be required to manage the Company as the Member’s sole and exclusive function, and the Member 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 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 as a result of engaging in any other business or venture.
Appears in 1 contract
No Exclusive Duty to Company. The A Member shall not be required to manage tend to the business and affairs of the Company as the such Member’s 's sole and exclusive function, and the any Member may have other business interests and may engage in other activities in addition to those relating to the Company, including those that may be in competition with the Company or any of its Members. 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 a Member or to the income or proceeds derived therefrom. The A Member shall incur no liability to the Company or to any of the other Members as a result of engaging in any other business or venture.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)
No Exclusive Duty to Company. The Member Members shall not be required to manage the Company as the Member’s their sole and exclusive function, and the Member 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 such other investments business interests or activities of the any Member or to the income or proceeds derived therefrom. The No Member shall incur no liability to the Company or any other Member as a result of engaging in any other business interests or ventureactivities or conflicts of interest resulting therefrom.
Appears in 1 contract
No Exclusive Duty to Company. The No Member shall not be required to manage devote its full energy, time, and skill to the Company as the Member’s its sole and exclusive functionoccupation, and the each Member may have other business interests and may engage in other activities in addition to those relating to the CompanyCompany (subject to the restrictions of paragraph 12.2 below). The Neither the Company nor any other Member shall not have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the a Member or to in the income or proceeds derived therefrom. The Member shall incur no liability to the Company as a result of engaging in any other business or venture.
Appears in 1 contract
Samples: Operating Agreement
No Exclusive Duty to Company. The Member shall not be required to manage the Company as the Each Member’s sole and exclusive function, and the Member -Manager may have other business interests and may engage in other activities ventures in addition to those relating to management of the Company. The Neither the Members nor the Company shall not have any right, except as otherwise provided by virtue of this Agreementlaw, to share the income or proceeds or otherwise participate in such other investments business interests or activities of the Member or to the income or proceeds derived therefromventures. The Member No Member-Manager shall incur no any liability to the Company or to any of the Members as a result of engaging in any such other business businesses or ventureventures.
Appears in 1 contract
No Exclusive Duty to Company. The Member shall not be required to manage the Company as the Member’s sole and exclusive function, and the Member Members may have other business interests and may engage in other activities ventures in addition to those relating to management of the Company. The Neither the Members nor the Company shall not have any right, except as otherwise provided by virtue of this Agreementlaw, to share the income or proceeds or otherwise participate in such other investments business interests or activities of the Member or to the income or proceeds derived therefromventures. The Member Members shall incur no liability to the Company or to any of the Members as a result of engaging in any such other business businesses or ventureventures.
Appears in 1 contract
Samples: Operating Agreement (Nutrition Headquarters (De), Inc.)
No Exclusive Duty to Company. The Member Members shall not be required to ---------------------------- manage the Company as the Member’s their sole and exclusive function, function and the Member 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 such other investments business interests or activities of the Member or to the income or proceeds derived therefrom. The Member Members shall incur no liability to the Company or any Member as a result of engaging in any other business interests or ventureactivities.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Project Orange Capital Corp)