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 Parties to any Person or Persons whose business may be in direct or indirect competition with the Parties, including other Affiliates of the Administrator.
Appears in 3 contracts
Samples: Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, 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 Parties Issuer and Art Holdco to any Person or Persons whose business may be in direct or indirect competition with the PartiesIssuer and Art Holdco , including other Affiliates of the Administrator.
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 002, 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 Parties Issuer to any Person or Persons whose business may be in direct or indirect competition with the PartiesIssuer, including other Affiliates of the Administrator.
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 003, LLC)
