Other Activities of Members the Manager and Directors.
(a) Neither the Manager nor any Director shall be required to devote its full time to the affairs of the Company, but shall devote such time as may reasonably be required to perform its obligations under this Agreement.
(b) Any Member, Manager or Director, and any Affiliate of any Member, Manager or Director, may engage in or possess an interest in other business ventures or commercial dealings of every kind and description, independently or with others, including, but not limited to, acquisition and disposition of Securities, provision of investment advisory or brokerage services, serving as directors, officers, employees, advisors or agents of other companies, partners of any partnership, members of any limited liability company, or trustees of any trust, or entering into any other commercial arrangements. No Member, Manager or Director shall have any rights in or to such activities of any other Member, Manager or Director, or any profits derived therefrom.
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:
(i) have business interests and engage in business activities in addition to those relating to the Company or any Company Subsidiary; and
(ii) engage in any lawful business or trade, profession, employment or activity whatsoever, regardless of whether any such activity actually or potentially competes, directly or indirectly, with the business or activities of the Company or any Company Subsidiary in each case for its own account, or in partnership or participation with, or as an employee, officer, director, stockholder, member, manager, trustee, general or limited partner, agent or representative of, any other Person, and no Permitted Person shall be required to devote its entire time (business or otherwise), or any particular portion of its time (business or otherwise) to the business of the Company or any of Company Subsidiary. Without limiting the generality of the foregoing, but subject to any other written agreement to which a Permitted Person may be party, each Permitted Person may (A) engage in the same or similar activities or lines of business as the Company or any Company Subsidiary or develop or market any products or services that actually or potentially compete, directly or indirectly, with those of the Company or any Company Subsidiary, (B) invest or own any interest in, or develop a business relationship with, any Person engaged in the same or similar activities or lines of business as, or otherwise in competition with, the Company or any Company Subsidiary and (C) do business with any client or customer of the Company or any Company Subsidiary. Neither the Company, any Company Subsidiary, any Permitted Person nor any Affiliate of any of the foregoing Persons, by virtue of this Agreement, shall have any rights in and to any such independent venture or the income or profits derived therefrom, regardless of whether or not such venture was initially presented to a Permitted Pers...
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. Directors and the Adviser
(a) None of the Directors, officers of the Fund nor the Adviser shall be required to devote full time to the affairs of the Fund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement and any other agreement they may have with the Fund.
(b) The Adviser and any Member, officer of the Fund, Director, or Affiliate of any of them, may engage in or possess an interest in other business ventures or commercial dealings of every kind and description, independently or with others, including, but not limited to, acquisition and disposition of Securities, provision of investment advisory or brokerage services, serving as directors, officers, employees, advisors or agents of other companies, partners of any partnership, members of any limited liability company, or trustees of any trust, or entering into any other commercial arrangements. No Member shall have any rights in or to such activities of the Adviser or any other Member, officer of the Fund, Director, or Affiliates of any of them, or any profits derived therefrom, and the pursuit of such activities, even if competitive with the activities of the Fund, shall not be deemed wrongful or improper. No such person shall be liable to the Fund or any Members for breach of any fiduciary or other duty by reason of the fact that such person pursues or acquires for, or directs an opportunity to another person or does not communicate such opportunity to the Fund.
Other Activities of Members. 8 ARTICLE 3 Interests..........................................................8 3.1 Classes of Equity Interests...............................8 3.2 Voting....................................................9
Other Activities of Members. The Members and their affiliates may, during the term of this Company, engage in and possess an interest for their own account in other business ventures of every nature and description, independently or with others, and no restriction on such activities shall result from the existence of this Operating Agreement or the existence of the Company. Neither the Company nor any Member shall, by virtue of this Operating Agreement, have any right in and to such independent venture or any income or profit derived therefrom. The provisions of this Section shall apply to all activities whether or not in competition with the Company and whether or not such activity may be within the scope of the Company’s actual or potential business.
