Other Activities of Members the Manager and Directors.
Other Activities of Members. (a) Subject to the terms and conditions of any other written agreement to the contrary, any Member (other than a Member which initially became a Member through receiving Class B Units or other interests in the Company pursuant to an equity incentive plan (including the Incentive Plan)), any Person employed by, related to or in any way Affiliated with any such Member (excluding, for the avoidance of doubt, any Officer or employee of the Company or any Company Subsidiary), Director, Alternate Director, or Board Observer (other than the CEO) (the “Permitted Persons”) may:
Other Activities of Members. The Manager shall not be required to devote full time to the affairs of the Company, but shall devote such time as may be reasonably required therefor. The Manager and each Member may engage in or possess an interest in any other business venture of any kind, regardless of whether or not such interest may potentially be in conflict with the interests of the Company. Neither the Manager nor any Member, nor any of their respective partners, directors, officers, shareholders, affiliates or employees, shall have any obligation to disclose or refer any investment or other opportunity to the Company or any other Member.
Other Activities of Members. The Members may engage in or possess an interest in other business ventures of any nature, whether or not similar to or competitive with the activities of the Company, for their respective accounts and not for the account of the Company or the other Members.
Other Activities of Members. Any Member may have other business interests or may engage in other business ventures of any nature or description whatsoever, whether currently existing or hereafter created, and may compete, directly or indirectly, with the business of the Company. No Member or Affiliate thereof shall incur any liability to the Company as a result of such Member's or Affiliate's pursuit of such other business interest, ventures and competitive activity, and neither the Company nor the other Members shall have any right to participate in such other business ventures or to receive or share in any income or profits derived therefrom.
Other Activities of Members. The members of the board of --------------------------- managers and any Member may engage or have an interest in other business ventures of any kind, independently or with others, and neither the Company nor any other Member shall have any rights in or to those independent ventures.
Other Activities of Members. Neither this Agreement nor any principle of law or equity shall preclude or limit, in any respect, the right of any Member to engage in or derive profit or compensation from any activities or investments, nor give the Company or any Member any right to participate or share in such activities or investments or any profit or compensation derived therefrom.
Other Activities of Members. Without limiting the generality of Section 10.7, subject to Section 5.2(c), each of the Members may engage in or possess an interest in other business ventures of any nature, whether or not similar to or competitive with the activities of the Company or any of the Subsidiaries (collectively, the “Company Group”), except to the extent otherwise expressly agreed to by a Member (or any Affiliate or, in the case of a trust, trustee or beneficiary thereof) pursuant to an employment agreement or any other agreement with the Company or any of its Affiliates to which such Member is a party.
Other Activities of Members. Except as expressly provided in that certain Agreement Regarding Future Developments to be mutually executed by the Members on or after the date hereof, any Member and its Affiliates may have other business interests and may engage in other business ventures of any nature or description whatsoever, whether presently existing or hereafter created, and whether or not competitive with the business of the Company or any Member.
Other Activities of Members. The Members and their affiliates may engage in and possess an interest for their own account in other business ventures of every nature and description, regardless whether in competition with the Company, independently or with others, including, but not limited to, the ownership, financing, leasing, operation, management, syndication, brokerage, investment in and development of real estate; and neither the Company nor any Member shall, by virtue of this Agreement, have any right in and to such independent venture or any income or profit derived therefrom.
