No Expansion of Duties. The parties acknowledge that the Investors and their Investor Affiliates have investments in other business similar to and which may compete with the Corporation's businesses ("Competing Businesses") and reserve the right to make additional investments in other Competing Businesses independent of their investments in the Corporation. By virtue of an Investor holding Shares or by having persons designated by or affiliated with such Investor serving on the Board or any Subsidiary's Board of Directors (or the functional equivalent thereof in the case of non-corporate Subsidiaries) or otherwise, no Investor nor any of the Investor Affiliates shall have any obligation to the Corporation, any Subsidiary or any holder of Shares to refrain from competing with the Corporation or any Subsidiary, making investments in Competing Businesses, otherwise engaging in any commercial activity, and none of the Corporation, any Subsidiary or any holder of Shares (other than such Investor) shall have any right with respect to any such investments or activities undertaken by such Investor. Without limitation of the foregoing, each Investor or any Investor Affiliates may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Corporation or any Subsidiary, and none of the Corporation, any Subsidiary or any holder of Shares (other than the Investor) shall have any rights or expectancy by virtue of such Investor's relationships with the Corporation, any Subsidiary, this Agreement or otherwise in and to such independent ventures or the income of profits derived therefrom; and the pursuit of any such venture, even if such investment is in a Competing Business, shall not be deemed wrongful or improper. No Investor nor any Investor Affiliates shall be obligated to present any particular investment opportunity to the Corporation or any Subsidiary even if such opportunity is of a character that, if presented to the Corporation or a Subsidiary, could be taken by the Corporation or such Subsidiary, and the Investor and their Investor Affiliates shall continue to have the right to take for their own respective account or to recommend to others any such particular investment opportunity.
No Expansion of Duties. Nothing contained in Agreement is intended to expand the duties of County Clerk beyond those set forth in Title 1 of the Colorado Revised Statutes and the Colorado Secretary of State Election Rules for the relevant year of the Election.
No Expansion of Duties. To the maximum extent permissible under applicable law, the Company hereby renounces any interest or expectancy of the Company in, or in being offered an opportunity to participate in, any and all business opportunities that are presented to any Preferred Members or their Affiliates (including, any representative or Affiliate of any Preferred Member serving on the Board, but excluding any person who is an employee or officer of the Company or any of its Subsidiaries) (collectively, the “Preferred Parties”), unless such business opportunity is presented to, or otherwise comes into the possession of, a Preferred Party in such Preferred Party’s capacity as a member of the Board. Without limiting the foregoing renunciation, the Company (a) acknowledges that certain of the Preferred Parties are in the business of making investments in, and/or have or may have investments in, other businesses similar to and that may compete with the businesses of the Company (“Competing Businesses”) and (b) agrees that the Preferred Parties have and shall continue to have the unfettered right to make investments in other Competing Businesses notwithstanding their investments in the Company.
No Expansion of Duties. Nothing contained in Agreement is intended to expand the duties of County Clerk beyond those set forth in Code or Rules.
No Expansion of Duties. 6 3.6 Expenses. .....................................................................................7 3.7
No Expansion of Duties. During a period of a layoff, the Library will not substantially expand the duties of non-union part-time or temporary employees simply to avoid rehiring permanent employees on layoff. It is understood that this provision is to be interpreted reasonably, as some part-time or temporary job duties may overlap with full-time job duties.
