Common use of Other Activities of Limited Partners Clause in Contracts

Other Activities of Limited Partners. A Limited Partner and any of its Affiliates may engage in or hold a direct or indirect interest in any other business, venture, investment or activity whether or not similar to or in competition with the business of the Partnership. This shall be deemed not to be in conflict of interest with the Partnership and the Limited Partner and its Affiliates, as the case may be, shall not be liable to account therefor to the Partnership or any Partner.

Appears in 5 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Coal Valley Resources Inc.), Limited Partnership Agreement (Dollarama CORP)

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Other Activities of Limited Partners. 3.16 A Limited Partner and any of its Affiliates may engage in or hold a direct or indirect an interest in any other business, venture, investment or activity whether or not similar to or in competition competitive with the business of the Partnership. This shall be deemed not to be in conflict of interest with the Partnership , and the Limited Partner and its Affiliates, as the case may be, shall will not be liable to account therefor to the Partnership or to any Partner.

Appears in 1 contract

Samples: Agreement

Other Activities of Limited Partners. A Limited Partner and any of its Affiliates Partners may engage in or hold a direct or indirect an interest in any other business, venture, investment or activity activity, whether or not similar to or in competition competitive with the business of the Partnership. This shall be deemed not to be in conflict of interest with the Partnership , and the Limited Partner and its Affiliates, as the case may be, shall will not be liable to account therefor to the Partnership or any Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Other Activities of Limited Partners. A Limited Partner and any of its Affiliates may engage in or hold a direct or indirect an interest whatsoever in any other business, venture, investment or activity whether or not similar to or in competition competitive with the business of the Partnership. This shall be deemed not to be in conflict of interest with the Partnership and the Limited Partner and its Affiliates, as the case may be, shall not be liable to account therefor to the Partnership or any Partner.

Appears in 1 contract

Samples: Agreement

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Other Activities of Limited Partners. A Limited Partner and any of its Affiliates may engage in or hold a direct or indirect an interest in any other business, venture, investment or activity whether or not similar to or in competition competitive with the business of the Partnership. This shall be deemed not to be in conflict of interest with the Partnership and the Limited Partner and its Affiliates, as the case may be, shall not be liable to account therefor to the Partnership or any Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hyperstealth Biotechnology Corp)

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