Common use of OTHER ACTIVITIES OF MEMBERS AND MANAGERS Clause in Contracts

OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC), Limited Liability Company Agreement (Old Mutual 2100 Absolute Return Master Fund, L.L.C.), Limited Liability Company Agreement (Robeco-Sage Triton Master Fund, L.L.C.)

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OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their full time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.), Limited Liability Company Agreement (Man FRM Alternative Multi-Strategy Fund LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Ti 2), LLC)

OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their full time to the affairs of the Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ramius IDF Master Fund LLC), Limited Liability Company Agreement (Ramius IDF LLC)

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OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their time to the affairs of the Portfolio Company, but shall devote such time as may reasonably be required to perform their obligations under this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Man-Glenwood Lexington Associates Portfolio LLC)

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