Other Businesses of Partners. Neither the Partnership nor any Partner or Investor shall have any rights or obligations, by virtue of this Agreement, in or to any independent ventures of any nature or description, or the income or profits derived therefrom, in which a Partner or Investor may engage, including, without limitation, the ownership, operation, management, syndication and development of other real estate projects.
Other Businesses of Partners. (a) Any Partner may engage independently or with others in other business ventures of every nature and description including, without limitation, any business competing with or supplemental to the business of the Partnership. Nothing in this Agreement shall be deemed to prohibit any Partner from dealing, or otherwise engaging in business, with Persons transacting business with the Partnership, and receiving compensation therefor based upon industry standards from any Person who has provided or may in the future provide any services to, sell any property to or purchase any property from the Partnership.
(b) No Partner shall be obligated to present any particular investment opportunity to the Partnership even if such opportunity is of a character which, if presented to the Partnership, could be taken by the Partnership. and each Partner shall have the right to take for its own account or with others or to recommend to others any such particular investment opportunity.
(c) Neither the Partnership nor any Partner shall have any right by virtue of this Agreement or the partnership relationship created hereby in or to such other ventures or activities of another Partner, or to the income or proceeds derived therefrom, and the pursuit of such ventures, even if competitive with or supplemental to the business of the Partnership, shall not be deemed wrongful or improper.
Other Businesses of Partners. Subject to Sections 5.5(j) and 5.5(k), the General Partners and their Affiliates may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, including, but not limited to, the acquisition, financing, ownership, leasing, operation, management and syndication of equipment, including aircraft, for their own account or for the account of others. Neither the Partnership nor any Unitholders, by virtue of their status as Unitholders, shall have any rights or obligations in or to such independent ventures or the revenues, profits or losses derived therefrom. Subject to the provisions of this Agreement defining the rights and duties of the General Partners, nothing in this Section 5.7 shall be deemed to diminish the General Partners' overriding fiduciary obligations to the Partnership the Unitholders.
Other Businesses of Partners. Any Partner and any Affiliate of any Partner may engage in or possess an interest in other business ventures of any kind, nature or description, independently or with others, including, but not limited to, the acquisition, financing, construction, development, ownership, leasing, operation, management, syndication and brokerage of Theatre Properties, for their own account or for the account of others. Nothing in this Agreement shall be deemed to prohibit the General Partner or any Affiliate of the General Partner from dealing, or otherwise engaging in business, with persons transacting business with the Partnership or from providing services relating to the purchase, sale, financing, management or operation of theatre business or properties and receiving compensation therefor. Neither the Partnership nor any Partner shall have any rights or obligations by virtue of this Agreement or the 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 Partnership, shall not be deemed wrongful or improper.
Other Businesses of Partners. Until the Partnership Dissolution Date, the General Partner shall engage in no business other than serving as the general partner of the Partnership and taking such actions that are reasonably incident thereto. The General Partner shall devote such time to the Partnership and its purposes and objectives as shall be necessary in its reasonable judgment to conduct and manage the Partnership's affairs in an efficient manner after taking into account the services provided to the Partnership under the Management Agreement. Except as otherwise specifically set forth herein or in the Management Agreement, nothing contained in this Agreement shall be deemed to preclude any Partner or any Affiliate of any Partner or employee of any Partner from engaging in or pursuing, directly or indirectly, independently or with others, any interest in other business ventures of every kind, nature or description, including those which compete with the Subject Company, and neither the Partnership nor any Partner shall be entitled to have any interest whatsoever in any such business venture.
Other Businesses of Partners. Any Partner, or stockholder, officer or director of any Partner, may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, including but not limited to investments in, and financing, acquisition and disposition of securities, investments and management counseling, brokerage services, or serving as officers, directors, advisors, or agents of other companies including companies in which the Partnership has an investment, whether such ventures are competitive with the Partnership or otherwise, and neither the Partnership nor any Partners shall have any rights or obligations by virtue of this Agreement or the Partnership relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom. The General Partner shall have the right in its sole discretion to decide on behalf of the Partnership whether and to what extent the Partnership will participate in any particular investment, and this decision shall be binding on the Partnership, regardless of any decision made by the General Partner and its related or affiliated entities for their own account, or as trustee, fiduciary or adviser for others. When effecting trades for its own account, or on behalf of others, the General Partner and its related or affiliated entities will act in good faith so as not to effect trades which the General Partner and its related or affiliated entities reasonably believe would prefer the General Partner, its related or affiliated entities over the Partnership.
Other Businesses of Partners. 28 5.8 Indemnification of the General Partners and their Affiliates. . . . . . . . . . . . . . . 28 ARTICLE VI. GENERAL PARTNER WITHDRAWAL, REMOVAL, AUTOMATIC CESSATION AND SUBSTITUTION; TRANSFER OF A GENERAL PARTNER'S INTEREST . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 6.1 Withdrawal of the General Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 6.2 Removal of the General Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Other Businesses of Partners. Any Partner, or any stockholder, officer, director, affiliate or agent of any Partner, may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, including but not limited to investments in, and financing, acquiring and disposing of, Financial Instruments, investments and management counseling, brokerage services, or serving as officers, directors, advisors or agents of other companies, whether such ventures are competitive with the Partnership or otherwise, and neither the Partnership nor any Partners shall have any rights or obligations by virtue of this Agreement or the Partnership relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom. The General Partner shall have the right in its discretion to decide on behalf of the Partnership whether and to what extent the Partnership will participate in a particular investment, and this decision shall be regardless of the decision made by the General Partner and its related or affiliated entities for their own accounts, or as trustee, fiduciary or advisor for others.
Other Businesses of Partners. (a) Any Partner may engage independently or with others in other business ventures of every nature and description. Nothing in this Agreement shall be deemed to prohibit any Partner from dealing, or otherwise engaging in business, with Persons transacting business with the Partnership, and receiving compensation therefor based upon industry standards from any Person who has provided or may in the future provide any services to, sell any property to or purchase any property from the Partnership.
(b) No Partner shall be obligated to present any particular investment opportunity to the Partnership even if such opportunity is of a character which, if presented to the Partnership, could be taken by the Partnership, and each Partner shall have the right to take for its own account or with others or to recommend to others any such particular investment opportunity.
(c) Neither the Partnership nor any Partner shall have any right by virtue of this Agreement or the partnership relationship created hereby in or to such other ventures or activities of another Partner, or to the income or proceeds derived therefrom, and the pursuit of such ventures, even if competitive with the business of the Partnership, shall not be deemed wrongful or improper.
Other Businesses of Partners. Any Partner and any of its Affiliates may engage independently or with others in other business ventures of every nature and description including, without limitation, any business competing with or supplemental to the Business, except that each Partner shall present to the Partnership any investment opportunity of such Partner or any of its Affiliates that relates to the Leased Property. No Partner shall be obligated to present any particular investment opportunity to the Partnership that is not related to the Leased Property even if such opportunity is of a character which, if presented to the Partnership, could be taken by the Partnership, and each Partner shall have the right to take for its own account or with others or to recommend to others any such particular investment opportunity. Subject to the provisions of Section 7.3, nothing in this Agreement shall be deemed to prohibit any Partner or any of its Affiliates from dealing with or otherwise engaging in business with Persons who have transacted business with, are transacting business with, or may transact business with, the Partnership. Neither the Partnership nor any Partner shall have any right by virtue of this Agreement or the partnership relationship created hereby in or to such other ventures or activities of another Partner, or to the income or proceeds derived therefrom, and the pursuit of such ventures, even if competitive with or supplemental to the Business, shall not be deemed wrongful or improper.
