Other Permissible Activities. Neither the General Partner nor the Limited Partners are prevented hereby from engaging in other activities for profit whether similar to the purpose of the Partnership or otherwise and whether or not competitive with the business of the Partnership.
Other Permissible Activities. No Venturer is prevented hereby from engaging in other activities for profit, whether in the oil and gas business or otherwise. The Venturers, including the Managing Venturer and its Affiliates have and in the future may engage in other businesses including the organization and management of additional partnerships, limited partnerships, joint ventures, or corporations for the exploration of oil and gas and must necessarily divide their time between the business of the Joint Venture and their other activities. The Venturers, including the Managing Venturer and its Affiliates are hereby authorized, during the life of the Joint Venture, to acquire oil or gas interests or properties and not offer the same to the Joint Venture. Further, nothing herein shall prevent another partnership organized by the Managing Venturer or any Affiliate from acquiring a prospect that is in the same geographical reservoir as any Prospect owned by this Joint Venture.
Other Permissible Activities. Except to the extent otherwise provided in any agreement between a Partnership Unit Holder and the Partnership, any Limited Partner (except for the Class B Common Unit Holders) and any officer or director of any such Limited Partner or the General Partner may (either directly or through its Affiliates) engage in or possess interests in other business ventures of every kind and description for its own account, including, without limitation, investing in other entities that engage in, or directly engaging in, institutional and retail investment management. Neither the Partnership nor any of the Partnership Unit Holders shall have any rights by virtue of this Agreement in or to such other business ventures or to the income or profits derived therefrom. Except for the General Partner and the Class B Common Unit Holders, each Partnership Unit Holder and each such Partnership Unit Holder’s Affiliates, in any such Person’s capacity as a Partnership Unit Holder or an Affiliate of a Partnership Unit Holder, and any officer, director, agent, member or partner of a Class A Common Unit Holder, Class D Common Unit Holder, Class E Common Unit Holder or Preferred Unit Holder, in such Person’s capacity as a director of the General Partner (a “Director Representative”), shall have no obligation to the Partnership to present any business opportunity to the Partnership, even if the opportunity is one that the Partnership might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and no such Person, in such Person’s capacity as a Partnership Unit Holder or an Affiliate of a Partnership Unit Holder (or, to the fullest extent permitted by law and the Certificate of Incorporation of the General Partner, in a Director Representative’s capacity as a director of the General Partner), shall be liable to the Partnership or any Partnership Unit Holder for breach of any fiduciary or other duty (if any), as a Partnership Unit Holder or otherwise, by reason of the fact that such Person pursues or acquires such business opportunity, directs such business opportunity to another Person or fails to present such business opportunity, or information regarding such business opportunity, to the Partnership, notwithstanding any other provisions of this Agreement, at law (whether common or statutory), in equity or otherwise. The General Partner will not engage in any business activity other than the management and ownership of the Partner...
Other Permissible Activities. Nothing herein contained shall be deemed to prevent any Partner or any shareholder or affiliate thereof from engaging in other activities for profit, whether in the real estate business or otherwise. The Managing General Partner (or any shareholder or affiliate thereof), or any Partner, may, in the future, organize and manage joint ventures, additional limited partnerships or other business entities for the acquisition, management and sale of real estate. Neither this Agreement nor any activity undertaken pursuant hereto shall prevent any Partner or any affiliate from engaging in such activities, or require any Partner to permit the Partnership or any Partner to participate in any such activities and, as a material part of the consideration for each Partner's execution hereof, each Partner, for the benefit of the other Partners, hereby waives, relinquishes and renounces any such right or claim of participation.
Other Permissible Activities. 16 SECTION 5.7 Contracts with Affiliates; Borrowing from Partners.................................... 17 SECTION 5.8 Indemnification....................................................................... 17 SECTION 5.9 Liability of the Managing General Partner............................................. 19 SECTION 5.10 Other Matters Concerning the Managing General Partner................................. 20
Other Permissible Activities. Nothing in this Permanent Injunction shall prohibit the Enjoined Parties from engaging in activities that are expressly authorized in writing by Broadcom. Such activities shall be specifically described in an Appendix to this Injunction.
Other Permissible Activities. No Partner is prevented hereby from engaging in other activities for profit, whether in the oil and gas business or otherwise. The Partners, including the Managing General Partner and its Affiliates, have and in the future may engage in other businesses including the organization and management of additional partnerships, limited partnerships, joint ventures or corporations for the exploration of oil and gas and must necessarily divide their time between the business of the Partnership and their other activities. The Partners, including the Managing General Partner and its Affiliates, are hereby authorized, during the life of the Partnership, to acquire oil or gas interests or properties and not offer the same to the Partnership. Further, nothing herein shall prevent another partnership organized by the Managing General Partner or any Affiliate from acquiring a prospect that is in the same geological reservoir as any Prospect owned by this Partnership.
Other Permissible Activities. No Partner is prevented hereby from engaging in other activities for profit, whether as an investment, an active business or otherwise. It is expressly understood and agreed that the General Partners shall not be required to devote their entire business time or business resources to the business of the Partnership. The General Partners and their Affiliates have and in the future may engage in other businesses, including, but not limited to, the organization and management of additional partnerships, limited partnerships, or joint ventures for investment in real estate, securities or otherwise, and must necessarily divide their time between the business of the Partnership and their other activities. The General Partners and their Affiliates are hereby authorized, during the life of the Partnership, to acquire real and personal properties and not offer the same to the Partnership.
Other Permissible Activities. Notwithstanding any provision herein contained, Employee shall not be prohibited from engaging in non- profit, charitable or community activities, investing or trading in stocks or bonds or other forms of passive investment for Employee's account or family account, or engage in other business activities unrelated to the sale of preneed funeral contracts funded by life insurance, so long as such activities do not involve the management and/or ownership of a business enterprise, are of a passive nature only (such as the management of an investment portfolio), do not require a significant amount of time, and do not materially interfere with Employee's performance hereunder.
Other Permissible Activities. Notwithstanding any provision herein contained, Employee shall not be prohibited from engaging in non- profit, charitable or community activities, investing or trading in stocks or bonds or other forms of passive investment for Employee's account or family account, so long as such activities do not substantially interfere with Employee's performance hereunder.
