Other Businesses of Members. The Members may engage or hold interests in other business ventures of every kind and description for such Member's own account, whether or not such business ventures are in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members shall have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefrom.
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Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Other Businesses of Members. The Members may engage or hold interests in other business ventures of every kind and description for such Member's ’s own account, whether or not such business ventures are in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members shall have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Other Businesses of Members. The Members Any Member or Manager and any Affiliate of any Member or Manager may engage in or hold interests possess any interest in other business ventures of every kind and description for any kind, nature or description, independently or with others. Neither the Company nor any Member by virtue of such Member's own account’s status as a Member shall have any rights or obligations in or to such ventures or the profits or losses derived therefrom. Except for Members who are employees or officers of the Company, whether or not such business ventures are may be in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members shall have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefromCompany.
Appears in 2 contracts
Samples: Operating Agreement (Smart Move, Inc.), Operating Agreement (Smart Move, Inc.)
Other Businesses of Members. The Members may engage or hold interests in other business ventures of every kind and description for such Member's own account, whether or not such business ventures are in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members shall that have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Other Businesses of Members. The Members Member may engage or hold interests in other business ventures of every kind and description for such Member's ’s own account, whether or not such business ventures are in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members Member shall have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Other Businesses of Members. The Members Any Member or Managing Member and any Affiliate of any Member or Managing Member may engage in or hold interests possess any interest in other business ventures of every kind and description for any kind, nature or description, independently or with others. Neither the Company nor any Member by virtue of such Member's own account’s status as a Member shall have any rights or obligations in or to such ventures or the profits or losses derived therefrom. Except for Members who are employees or officers of the Company, whether or not such business ventures are may be in direct or indirect competition with the business of the Company and whether or not the Company also has an interest therein. Neither the Company nor any of the Members shall have any rights, by virtue of this Agreement, in such business ventures or to the income or profits derived therefromCompany.
Appears in 1 contract
