Common use of Other Business Interests Clause in Contracts

Other Business Interests. Any Member, Director or Officer, or ------------------------ any Affiliate of any Member, may engage in or possess an interest in other business ventures of every kind and description, independently or with others, and may dedicate such time to such ventures as such Persons deem, in their discretion, necessary. None of the Company or the other Members shall have any rights in or to such ventures or the income or profits therefrom by virtue of this Agreement. Without limiting the generality of the foregoing, the Members acknowledge that (i) Francis E. O'Donnell, a Director and the initial President and Chief Xxxxxxxxx Xxxxxxx xx the Company, is also Chairman, President and Chief Executive Officer of the Managing Member as well as the managing director of The Hopkins Capital Group, a group of affiliated of entities engaged in bxxxxxxx development activities, and (ii) James A. McNulty, the initial Secretary, Treasurer and Chief Financiax Xxxxxxx xx xxx Company, is also the Secretary, Treasurer and Chief Financial Officer of the Managing Member.

Appears in 2 contracts

Samples: Operating Agreement (Biodelivery Sciences International Inc), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

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Other Business Interests. Any Member, Director or Officer, or ------------------------ any Affiliate of any Member, may engage in or possess an interest in other business ventures of every kind and description, independently or with others, and may dedicate such time to such ventures as such Persons deem, in their discretion, necessary. None of the Company or the other Members shall have any rights in or to such ventures or the income or profits therefrom by virtue of this Agreement. Without limiting the generality of the foregoing, the Members acknowledge that (i) Francis E. O'Donnell, a Director and the initial President and Chief Xxxxxxxxx Xxxxxxx xx of the Company, is also Chairman, President and Chief Executive Officer of the Managing Member as well as the managing director of The Hopkins Capital Group, a group of affiliated of entities engaged in bxxxxxxx engagex xx xxsiness development activities, and (ii) James A. McNulty, the initial Secretary, Treasurer and Chief Financiax Fixxxxxxx Xxxxxxx xx xxx xf the Company, is also the Secretary, Treasurer and Chief Financial Officer of the Managing Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

Other Business Interests. Any Member, Director or Officer, or ------------------------ any Affiliate of any Member, may engage in or possess an interest in other business ventures of every kind and description, independently or with others, and may dedicate such time to such ventures as such Persons deem, in their discretion, necessary. None of the Company or the other Members shall have any rights in or to such ventures or the income or profits therefrom by virtue of this Agreement. Without limiting the generality of the foregoing, the Members acknowledge that that: (i) Francis E. O'Donnell, a Director and the initial President and Chief Xxxxxxxxx Xxxxxxx xx of the Company, is also Chairman, President and Chief Executive Officer of the Managing Member as well as the managing director of The Hopkins Capital Group, a group of affiliated of entities engaged in bxxxxxxx engagex xx xxsiness development activities, and (ii) James A. McNulty, the initial Secretary, Treasurer and Chief Financiax Fixxxxxxx Xxxxxxx xx xxx xf the Company, is also the Secretary, Treasurer and Chief Financial Officer of the Managing Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

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Other Business Interests. Any Member, Director or Officer, or ------------------------ any Affiliate of any Member, may engage in or possess an interest in other business ventures of every kind and description, independently or with others, and may dedicate such time to such ventures as such Persons deem, in their discretion, necessary. None of the Company or the other Members shall have any rights in or to such ventures or the income or profits therefrom by virtue of this Agreement. Without limiting the generality of the foregoing, the Members acknowledge that that: (i) Francis E. O'Donnell, a Director and the initial President and Chief Xxxxxxxxx Xxxxxxx xx the Company, is also Chairman, President and Chief Executive Officer of the Managing Member as well as the managing director of The Hopkins Capital Group, a group of affiliated of entities engaged in bxxxxxxx development activities, and (ii) James A. McNulty, the initial Secretary, Treasurer and Chief Financiax Xxxxxxx xx xxx Company, is also the Secretary, Treasurer and Chief Financial Officer of the Managing Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

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