Common use of No Exclusive Duty to Company Clause in Contracts

No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager shall not incur any liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 4 contracts

Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

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No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function function, and the Manager may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s business. Neither the Company nor any Member shall have any right pursuant to right, by virtue of this Agreement Agreement, to share or participate in such other business interests investments or activities of the Manager or to in the income or proceeds derived therefrom. The If the Manager complies with the requirements of Section 8.04 hereof, the Manager shall not incur any no liability to the Company or to any Member of the Members as a result of engaging in any such other business interests or activitiesventure.

Appears in 2 contracts

Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Cornerstone Rome LTH Partners LLC Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)

No Exclusive Duty to Company. The Manager Managers shall not be required to manage the Company as its the Managers’ sole and exclusive function and the Managers may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges , provided that it does not compete with the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company or otherwise breach the Manager’s agreements with the Company’s business. Neither the Company nor any Member or Manager shall have any right pursuant to right, by virtue of this Agreement Agreement, to share or participate in such other business interests investments or activities of the Manager or to the income or proceeds derived therefrom. The A Manager shall not incur any no liability to the Company or to any Member of the Members or the other Managers as a result of engaging in any other business interests or activitiesventures.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Allegiancy, LLC), Limited Liability Company Agreement (Allegiancy, LLC)

No Exclusive Duty to Company. The Manager shall not be required to manage the Company company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s 's business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager shall not incur any liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (EB International Holdings, Inc.), Limited Liability Company Agreement (EB International Holdings, Inc.)

No Exclusive Duty to Company. The Manager Managing Member shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager Managing Member shall not incur any no liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dutchess County Cellular Telephone Co Inc)

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No Exclusive Duty to Company. The Manager Each Director shall not be required to manage serve on the Company Board of Directors as its his or her sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates each Director may pursue such other business opportunities for their respective accounts benefit regardless of whether they have learned of such opportunity in the course of the Company’s business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager Each Director shall not incur any liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement

No Exclusive Duty to Company. The Manager shall not be required to manage the Company as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s 's business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager shall not incur any liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Era Group Inc.)

No Exclusive Duty to Company. The Manager Managing Member shall not be required to manage the Company as its sole and exclusive function and may may-have other business interests and may engage in other activities in addition to those relating to the Company. The Member acknowledges that the Manager and its affiliates may pursue such other business opportunities for their respective accounts regardless of whether they have learned of such opportunity in the course of the Company’s business. Neither the Company nor any Member shall have any right pursuant to this Agreement to share or participate in such other business interests or activities or to the income or proceeds derived therefrom. The Manager Managing Member shall not incur any no liability to the Company or any Member as a result of engaging in any other business interests or activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dutchess County Cellular Telephone Co Inc)

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