Obligations of Administrator Not Exclusive. The obligations of the Administrator to the other Parties are not exclusive. The Administrator may, in its discretion, render the same or similar services as rendered to the Issuer and Masterworks Cayman to any Person or Persons whose business may be in direct or indirect competition with the Issuer, including other Affiliates of the Administrator.
Appears in 298 contracts
Samples: Management Services Agreement (Masterworks 288, LLC), Management Services Agreement (Masterworks 254, LLC), Management Services Agreement (Masterworks 284, LLC)
Obligations of Administrator Not Exclusive. The obligations of the Administrator to the other Parties are not exclusive. The Administrator may, in its discretion, render the same or similar services as rendered to the Issuer and Masterworks Cayman on behalf of the Portfolio to any Person or Persons whose business may be in direct or indirect competition with the Issuer, including other Affiliates of the Administrator.
Appears in 11 contracts
Samples: Administrative Services Agreement (Masterworks 057, LLC), Management Services Agreement (Masterworks 172, LLC), Administrative Services Agreement (Masterworks 097, LLC)
Obligations of Administrator Not Exclusive. The obligations of the Administrator to the other Parties are not exclusive. The Administrator may, in its discretion, render the same or similar services as rendered to the Issuer Company, the Series and Masterworks Cayman to any Person or Persons whose business may be in direct or indirect competition with the IssuerCompany or the Series, including other Affiliates of the Administrator.
Appears in 8 contracts
Samples: Management Services Agreement (Masterworks Vault 2, LLC), Management Services Agreement (Masterworks Vault 1, LLC), Management Services Agreement (Masterworks Vault 3, LLC)
Obligations of Administrator Not Exclusive. The obligations of the Administrator to the other Parties are not exclusive. The Administrator may, in its discretion, render the same or similar services as rendered to the Issuer and Masterworks MW Cayman to any Person or Persons whose business may be in direct or indirect competition with the Issuer, including other Affiliates of the Administrator.
Appears in 3 contracts
Samples: Administrative Services Agreement (Masterworks 002, LLC), Administrative Services Agreement (Masterworks 002, LLC), Administrative Services Agreement (Masterworks 003, LLC)
