Common use of Obligations Not Exclusive Clause in Contracts

Obligations Not Exclusive. The Manager and the officers of the Fund shall be required to devote only such part of their time as is reasonably needed to manage the business of the Fund or discharge their duties, it being understood that Ridgewood, as Manager, and the officers of the Fund have and shall have other business interests and therefore shall not be required to devote their time exclusively to the Fund. Ridgewood Energy Corporation and the officers of the Fund shall in no way be prohibited from or restricted in engaging in, or possessing an interest in, any other business venture of a like or similar nature. Nothing in this Section 12.8 shall relieve Ridgewood Energy Corporation of its or their fiduciary or contractual obligations to the Investors, except as limited in Article 3. Notwithstanding anything to the contrary contained in this Article or elsewhere in this Agreement, Ridgewood Energy Corporation has no duty to take any affirmative action with respect to management of the Fund's business or Fund Property which might require the expenditure of monies by the Fund or Ridgewood Energy Corporation unless the Fund is then possessed of such monies available for the proposed expenditure. Except as otherwise provided in this Agreement, under no circumstances shall Ridgewood Energy Corporation be required to expend its own funds in connection with the day to day operation of Fund business.

Obligations Not Exclusive. The Manager and the officers of the Fund shall be required to devote only such part of their time as is reasonably needed to manage the business of the Fund or discharge their duties, it being understood that Ridgewood, as Manager, and the officers of the Fund have and shall have other business interests and therefore shall not be required to devote their time exclusively to the Fund. Ridgewood Energy Corporation and the officers of the Fund shall in no way be prohibited from or restricted in engaging in, or possessing an interest in, any other business venture of a like or similar nature. Nothing in this Section 12.8 shall relieve Ridgewood Energy Corporation of its or their fiduciary or contractual obligations to the Investors, except as limited in Article 3. Notwithstanding anything to the contrary contained in this Article or elsewhere in this Agreement, Ridgewood Energy Corporation has no duty to take any affirmative action with respect to management of the Fund's ’s business or Fund Property which might require the expenditure of monies by the Fund or Ridgewood Energy Corporation unless the Fund is then possessed of such monies available for the proposed expenditure. Except as otherwise provided in this Agreement, under no circumstances shall Ridgewood Energy Corporation be required to expend its own funds in connection with the day to day operation of Fund business.