OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their time to the affairs of the Fund, but shall devote such time as the Managers may reasonably believe to be required to perform their obligations under this Agreement. (b) Any Member or Manager, and any Affiliate of any Member or Manager, 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, acquiring and disposing of Securities, providing 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 or Manager shall have any rights in or to any such activities of any other Member or Manager, or in or to any profits derived therefrom.
Appears in 18 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Master Fund I, LLC), Limited Liability Company Agreement (Wells Fargo Family Office Master Fund, LLC), Limited Liability Company Agreement (CFSB Alternative Capital Event Driven Master Fund, LLC)
OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers shall not be required to devote all of their time to the affairs of the Fund, but shall devote such time as the Managers may reasonably believe to be required to perform their obligations under this Agreement.
(b) Any Member or Manager, and any Affiliate of any Member or Manager, 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, acquiring and disposing of Securities, providing of investment advisory or brokerage services, serving as directors, officers, employees, advisors, or agents of other companies, partners of any partnership, members membersmanagers of any limited liability company, or trustees of any trust, or entering into any other commercial arrangements. No Member or Manager shall have any rights in or to any such activities of any other Member or Manager, or in or to any profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC)
OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers and Officers shall not be required to devote all of their time to the affairs of the Fund, but shall devote such time as the Managers or Officers may reasonably believe to be required to perform their obligations under this Agreement.
(b) Any Member Member, Officer or Manager, and any Affiliate of any Member Member, Officer or Manager, 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, acquiring and disposing of Securities, providing of investment advisory or brokerage services, serving as directors, officers, employees, advisors, or agents of other companies, partners of any partnership, members managers of any limited liability company, or trustees of any trust, or entering into any other commercial arrangements. No Member Member, Officer or Manager shall have any rights in or to any such activities of any other Member Member, Officer or Manager, or in or to any profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC)
OTHER ACTIVITIES OF MEMBERS AND MANAGERS. (a) The Managers and Officers shall not be required to devote all of their time to the affairs of the Fund, but shall devote such time as the Managers or Officers may reasonably believe to be required to perform their obligations under this Agreement.
(b) Any Member Member, Officer or Manager, and any Affiliate of any Member Member, Officer or Manager, 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, acquiring and disposing of Securities, providing of investment advisory or brokerage services, serving as directors, officers, employees, advisors, or agents of other companies, partners of any partnership, members membersmanagers of any limited liability company, or trustees of any trust, or entering into any other commercial arrangements. No Member Member, Officer or Manager shall have any rights in or to any such activities of any other Member Member, Officer or Manager, or in or to any profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC)