Other Business of Directors. Any Director and any affiliate of any Director may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether such ventures are competitive with the Fund or otherwise. Neither the Fund nor any Limited Partner shall have any rights or obligations by virtue of this Agreement or the Fund relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom, and the pursuit of such ventures, even if competitive with the business of the Fund, shall not be deemed wrongful or improper. Neither the Directors nor any affiliate of any Director shall be obligated to present any investment opportunity to the Fund.
Appears in 9 contracts
Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VII LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Advisory LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Custody LP)
Other Business of Directors. Any Director and any affiliate Affiliate of any Director may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether such ventures are competitive with the Fund Partnership or otherwise. Neither the Fund Partnership nor any Limited Partner shall have any rights or obligations by virtue of this Agreement or the Fund Partnership relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom, and the pursuit of such ventures, even if competitive with the business of the FundPartnership, shall not be deemed wrongful or improper. Neither the Directors nor any affiliate Affiliate of any Director shall be obligated to present any investment opportunity to the FundPartnership.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Kiewit Investment Fund L.P.)
Other Business of Directors. Any Director and any affiliate of any Director may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether such ventures are competitive with the Fund Partnership or otherwise. Neither the Fund Partnership nor any Limited Partner Director shall have any rights or obligations by virtue of this Agreement or the Fund relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom, and the pursuit of such ventures, even if competitive with the business of the FundPartnership, shall not be deemed wrongful or improper. Neither the Directors nor any affiliate of any Director the Directors shall be obligated to present any investment opportunity to the FundPartnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (RIC Coinvestment Fund LP)
