Common use of No Exclusive Duty to Company Clause in Contracts

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)

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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 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.), Cornerstone Rome LTH Partners LLC Operating Agreement (Cornerstone Healthcare Plus Reit, 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, 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

Samples: Operating Agreement (MPM Silicones, LLC)

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)

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

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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

Samples: Operating Agreement (Oshkosh Defense, LLC)

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

Samples: Operating Agreement (PHC Hospitals, LLC)

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 of Nbty (Nutrition Headquarters (De), Inc.)

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