Common use of Other Business and Investment Ventures Clause in Contracts

Other Business and Investment Ventures. Except as otherwise provided in this Agreement or any other agreement to which a Member is a party (which other agreement shall control), each Member may engage in other business or investment ventures, including business or investment ventures in competition with the Company, and neither the Company nor the other Members shall have any rights in such business or investment ventures.

Appears in 2 contracts

Samples: Operating Agreement (Hallmark Financial Services Inc), Operating Agreement (Hallmark Financial Services Inc)

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Other Business and Investment Ventures. Except as otherwise provided in this Agreement or any other agreement to which a Member Partner is a party (which other agreement shall control)party, each Member Partner may engage in other business or investment ventures, including business or investment ventures in competition with the CompanyPartnership, and neither the Company Partnership nor the other Members Partners shall have any rights in such business or investment ventures.

Appears in 2 contracts

Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust), Limited Partnership Agreement (Pennsylvania Real Estate Investment Trust)

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