Common use of Non-Exclusiveness Clause in Contracts

Non-Exclusiveness. No provision of this Agreement shall prevent BNYM-AIS from offering services similar or identical to those covered by this Agreement to any other corporations, associations or entities of any kind. Any and all operational procedures, techniques and devices developed by BNYM-AIS in connection with the performance of its duties and obligations under this Agreement, including those developed in conjunction with the Funds, shall be and remain the property of BNYM-AIS, and BNYM-AIS shall be free to employ such procedures, techniques and devices in connection with the performance of any other contract with any other person whether or not such contract is similar or identical to this Agreement.

Appears in 5 contracts

Samples: Services Agreement (Permal Hedge Strategies Fund II), Services Agreement (Permal Hedge Strategies Portfolio), Administrative Services Agreement (BlackRock Alternatives Allocation Portfolio LLC)

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Non-Exclusiveness. No provision of this Agreement shall prevent BNYM-AIS from offering services similar or identical to those covered by this Agreement to any other corporations, associations or entities of any kind. Any and all operational procedures, techniques and devices developed by the Company or BNYM-AIS in connection with the performance of its their respective duties and obligations under this Agreement, including those developed in conjunction with the FundsCompany, shall be and remain the property of the Company or BNYM-AIS, respectively, and the Company and BNYM-AIS shall be free to employ such procedures, techniques and devices in connection with the performance of any other contract with any other person whether or not such contract is similar or identical to this Agreement.

Appears in 4 contracts

Samples: Administrative Services Agreement (KKR Private Equity Conglomerate LLC), Administrative Services Agreement (KKR Infrastructure Conglomerate LLC), Administrative Services Agreement (KKR Private Equity Conglomerate LLC)

Non-Exclusiveness. No provision of this Agreement shall prevent BNYM-AIS from offering services similar or identical to those covered by this Agreement to any other corporations, associations or entities of any kind. Any and all operational procedures, techniques and devices developed by BNYM-AIS in connection with the performance of its duties and obligations under this Agreement, including those developed in conjunction with the FundsFund, shall be and remain the property of BNYM-AIS, and BNYM-AIS shall be free to employ such procedures, techniques and devices in connection with the performance of any other contract with any other person whether or not such contract is similar or identical to this Agreement.

Appears in 3 contracts

Samples: Administrative Services Agreement (BlackRock Hedge Fund Guided Portfolio Solution), Administrative Services Agreement (BlackRock Preferred Partners LLC), Sub Administrative and Accounting Services Agreement (PennantPark Floating Rate Capital Ltd.)

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Non-Exclusiveness. No provision of this Agreement shall prevent BNYM-AIS from offering services similar or identical to those covered by this Agreement to any other corporations, associations or entities of any kind. Any and all operational procedures, techniques and devices developed by BNYM-AIS in connection with the performance of its duties and obligations under this Agreement, including those developed in conjunction with the Funds, Agreement shall be and remain the property of BNYM-AIS, and BNYM-AIS shall be free to employ such procedures, techniques and devices in connection with the performance of any other contract with any other person whether or not such contract is similar or identical to this Agreement.

Appears in 1 contract

Samples: Administrative Services Agreement (Lazard Multi-Strategy 1099 Fund)

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