No Exclusive Duty. Each Member may have other business interests and may engage in other activities in addition to those relating to the LLC. Neither the LLC nor any Member shall have any right to share or participate in such other investments or activities of any other Member based on the fact that each are members of the LLC. No Member shall incur any liability to any other Member or the LLC as a result of engaging in any other business or venture.
Appears in 4 contracts
Samples: Operating Agreement (O Charleys Inc), Operating Agreement (O Charleys Inc), Operating Agreement (O Charleys Inc)
No Exclusive Duty. Each Member and Board Member may have other business interests and may engage in other activities in addition to those relating to the LLC. Neither the LLC nor any Member or Board Member shall have any right to share or participate in such other investments or activities of any other Member or Board Member based on the fact that each are members of the LLC. No Member or Board Member shall incur any liability to any other Member or the LLC as a result of engaging in any other business or venture.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (O Charleys Inc), Limited Liability Company Agreement (O Charleys Inc)
No Exclusive Duty. Each The Member shall not be required to participate in the LLC as its sole and exclusive business. The Member may have other business interests and may engage participate in other investments or activities in addition to those relating related to the LLC. Neither the LLC nor any Member shall have any right to share or participate in such other investments or activities of any other Member based on the fact that each are members of the LLC. No Member shall incur any liability to the LLC or to any other Member Member, or the LLC as any, by reason of participating in a result of engaging in any such other business business, investment or ventureactivity.
Appears in 1 contract
Samples: Operating Agreement
