Common use of No Exclusive Duty to Company Clause in Contracts

No Exclusive Duty to Company. The Manager shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs as such Manager’s sole and exclusive function.

Appears in 1 contract

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

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No Exclusive Duty to Company. The Manager Managers shall not be required to manage the Company as his, her or participate or otherwise be involved in the Company’s Business and affairs as such Manager’s its sole and exclusive functionfunction and he, she or it may have other business interests and may engage in other activities in addition to those relating to the Company. 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 Managers shall incur no liability to the Company or any Member solely as a result of engaging in any other business interests or activities.

Appears in 1 contract

Samples: Operating Agreement (NaturalNano , Inc.)

No Exclusive Duty to Company. The Manager Subject to the provisions of Section 3.13, the Managers shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs Company as such Manager’s their sole and exclusive function, and 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 such other activities of a Manager or to the income or proceeds derived therefrom.

Appears in 1 contract

Samples: Operating Agreement (Oshkosh Defense, LLC)

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

Appears in 1 contract

Samples: Operating Agreement (Hni Corp)

No Exclusive Duty to Company. The Manager shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs Company as such Manager’s his sole and exclusive functionfunction and he may have other business interests and may engage on other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement 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. The Manager shall incur no liability to the Company or to any of the Members as a result of engaging in any other business or venture.

Appears in 1 contract

Samples: Operating Agreement (Radiant Logistics, Inc)

No Exclusive Duty to Company. The Manager shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs Company as such Manager’s its sole and exclusive functionfunction 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 Manager shall incur 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: Operating Agreement

No Exclusive Duty to Company. The Manager shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs Company as such Manager’s his sole and exclusive functionfunction and he and any Member may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right pursuant to this Agreement to share in or participate in such other business interests or activities or to the income or proceeds derived therefrom. No Member or Manager shall incur liability as a result of engaging in any other business interests or activities.

Appears in 1 contract

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

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No Exclusive Duty to Company. The Manager Managers shall not be required to manage or participate or otherwise be involved in the Company’s Business and affairs Company as such Manager’s their sole and exclusive functionfunction and they may have other business interests and may engage in other activities in addition to those relating to the Company. 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 incur 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: Operating Agreement (Qualex Inc.)

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

Appears in 1 contract

Samples: Operating Agreement (IST Holdings, LLC)

No Exclusive Duty to Company. The Manager shall exercise its ---------------------------- business judgment in the management of the business, operations and affairs of the Company. The Manager shall not be required to manage or participate or otherwise be involved devote all of its business time to the affairs of the management of the Company and will have other business interests and activities in addition to those of the Company’s Business and affairs as such Manager’s sole and exclusive function.

Appears in 1 contract

Samples: Operating Agreement (Grand Palais Riverboat Inc)

No Exclusive Duty to Company. The No Manager shall not be required to manage the Company as his or participate or otherwise be involved in the Company’s Business and affairs as such Manager’s her sole and exclusive functionfunction and he or she may be an employee of a Member and/or have other business interests and engage in activities in addition to those relating to the Company. No Manager nor any Member shall incur any liability to the Company or to any of the Members as a result of engaging in any other business or venture.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Herbalife International Inc)

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