Common use of OTHER INTERESTS OF PARTNERS Clause in Contracts

OTHER INTERESTS OF PARTNERS. The General Partner shall devote to the Partnership such time as reasonably may be required in the conduct of the Partnership business. In view of the exclusive and limited purposes of the Partnership, no Partner, or any Affiliate of any Partner, shall have any obligation to make any business opportunity available to the Partnership or to any of its Partners. It is further expressly agreed that any Partner and/or its Affiliates may engage in and possess interest in other businesses and ventures of every nature and description, independently or with others, and any such engagement will not constitute a breach of the Partners’ fiduciary duties to the Partnership, and neither the Partnership nor any Partner shall have any rights by virtue of this Agreement or the existence of this Partnership in and to such independent ventures or to the income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Partnership Agreement

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OTHER INTERESTS OF PARTNERS. The General Partner shall devote to the Partnership such time as reasonably may be required in to manage the conduct business and affairs of the Partnership businessPartnership. In view of the exclusive and limited purposes of the Partnership, no Partner, or any Affiliate of any Partner, shall have any obligation to make any other investment or business opportunity available to the Partnership or to any of its Partners. It is further expressly agreed that mat any Partner and/or its Affiliates may engage in and possess interest interests in other businesses and ventures of every nature and description, independently or with others, and any such engagement will not constitute a breach of the Partners' fiduciary duties to the Partnership, and neither the Partnership nor any Partner shall have any rights by virtue of this Agreement or the existence of this Partnership in and to such independent ventures or to the income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Partnership Agreement (EB International Holdings, Inc.)

OTHER INTERESTS OF PARTNERS. The General Partner shall devote to the Partnership such time as reasonably may be required in to manage the conduct business and affairs of the Partnership businessPartnership. In view of the exclusive and limited purposes of the Partnership, no Partner, or any Affiliate of any Partner, shall have any obligation to make any other investment or business opportunity available to the Partnership or to any of its Partners. It is further expressly agreed that any Partner and/or its Affiliates may engage in and possess interest interests in other businesses and ventures of every nature and description, independently or with others, and any such engagement will not constitute a breach of the Partners' fiduciary duties to the Partnership, and neither the Partnership nor any Partner shall have any rights by virtue of this Agreement or the existence of this Partnership in and to such independent ventures or to the income or profits derived therefrom.

Appears in 1 contract

Samples: EB International Holdings, Inc.

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OTHER INTERESTS OF PARTNERS. (a) The General Partner shall devote to the Partnership such time as reasonably may be required in the conduct of the Partnership business. In view of the exclusive and limited purposes of the Partnership, no Partner, or any Affiliate of any Partner, Partner shall have any obligation to make any business other real estate opportunity not involving the property described on Exhibit A available to the Partnership or to any of its Partners. It is further expressly agreed that any Partner and/or its Affiliates may engage in and possess interest interests in other businesses and ventures of every nature and description, independently or with others, and any such engagement will not constitute a breach of the Partners’ General Partner's fiduciary duties to the Partnership, Partnership and neither the Partnership nor any Partner shall have any rights by virtue of this Agreement or the existence of this Partnership in and to such said independent ventures or to the income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Partnership Agreement (Toll Finance Corp)

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