OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement. (b) Any Member, Director, or Affiliate of the foregoing 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, advisers, 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 any other Member or Director, or any profits derived therefrom.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (FEG Directional Access TEI Fund LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Tei Fund LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Advisor, and any Affiliate of the foregoing 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, advisers, 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 or Director shall have any rights in or to such activities of any other Member Member, Director or DirectorAdvisor or any Affiliate thereof, or any profits derived therefrom.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Member or Director, or and any Affiliate of the foregoing any Member 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, advisers, 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 or Director shall have any rights in or to such activities of any other Member or Director, or any profits derived therefrom.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate Advisor, and any Affiliated Person of the foregoing 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, advisers, 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 or Director shall have any rights in or to such activities of any other Member Member, Director or DirectorAdvisor or any Affiliated Person thereof, or any profits derived therefrom.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (BlackRock Alternatives Allocation Master Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote all of their full business time to the affairs of the CompanyFund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Member or Director, or and any Affiliate of the foregoing any Member 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, advisers, 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 or Director shall have any rights in or to such activities of any other Member or Director, or any profits derived therefrom.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC), Operating Agreement (Asa Hedged Equity Fund LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the CompanyFund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate of the foregoing 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, advisers, or agents of other companies, partners of any partnership, members 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 any other Member or Director, or any profits derived therefrom.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (City National Rochdale High Yield Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the CompanyFund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate of the foregoing 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, advisers, or agents of other companies, partners of any partnership, members of any limited liability company, or trustees Directors of any trust, or entering into any other commercial arrangements. No Member shall have any rights in or to such activities of any other Member or Director, or any profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Db Hedge Strategies Fund LLC), Limited Liability Company Agreement (Db Absolute Return Fund LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the CompanyMaster Fund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate of the foregoing 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, advisers, 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 any other Member or Director, or any profits derived therefrom.
Appears in 1 contract
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, Administrator or Adviser, and any Affiliate of the foregoing 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, advisers, advisers 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 or Director shall have any rights in or to such activities of any other Member Member, Director, Administrator or DirectorAdviser or any Affiliate thereof, or any profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Multi-Strategy Hedge Opportunities LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.. 10
(b) Any Member, Member or Director, or and any Affiliate of the foregoing any Member 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, advisers, 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 or Director shall have any rights in or to such activities of any other Member or Director, or any profits derived therefrom.
Appears in 1 contract
Samples: Operating Agreement (PARADIGM Multi Strategy Fund, LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the CompanyMaster Fund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate of the foregoing 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, advisers, or agents of other companies, partners of any partnership, members 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 any other Member or Director, or any profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the CompanyTEI Fund, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Affiliate of the foregoing 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, advisers, or agents of other companies, partners of any partnership, members 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 any other Member or Director, or any profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund TEI LLC)
OTHER ACTIVITIES OF MEMBERS AND DIRECTORS. (a) The Directors shall not be required to devote their full business time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.
(b) Any Member, Director, or Adviser, and any Affiliate of the foregoing 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, advisers, Advisers 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 or Director shall have any rights in or to such activities of any other Member Member, Director or DirectorAdviser or any Affiliate thereof, or any profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Zea Capital Fund LLC)