Common use of No Exclusive Duty to Company Clause in Contracts

No Exclusive Duty to Company. The Member may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor the Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the other or to the income or proceeds derived therefrom, notwithstanding that such investments or activities may be competitive with the business of the Company. The Member shall not incur any liability to the Company as a result of engaging in any other business or venture. Subject to the limitations set forth in Section 3.2 of this Agreement, the Board of Managers may, in its sole discretion, on behalf of the Company, purchase, sell or lease real or personal property from or to the Member or pay fees or compensation to the Member for the efforts or commitments in connection with the business of the Company or otherwise deal with the Member or any Person in which the Member is directly or indirectly interested, and neither the Company nor the Board of Managers shall have any rights in or to any income or profits received by the Member in a transaction with the Company.

No Exclusive Duty to Company. The Member may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor the Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the other or to the income or proceeds derived therefrom, notwithstanding that such investments or activities may be competitive with the business of the Company. The Member shall not incur any liability to the Company as a result of engaging in any other business or venture. Subject to the limitations set forth in Section 3.2 of this Agreement, the Board of Managers Directors may, in its sole discretion, on behalf of the Company, purchase, sell or lease real or personal property from or to the Member or pay fees or compensation to the Member for the efforts or commitments in connection with the business of the Company or otherwise deal with the Member or any Person in which the Member is directly or indirectly interested, and neither the Company nor the Board of Managers Directors shall have any rights in or to any income or profits received by the Member in a transaction with the Company.