Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing at law or in equity, it is expressly agreed that the Member, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 42 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing at law or in equity, it It is expressly agreed that the Member, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 11 contracts
Samples: Operating Agreement (Entergy New Orleans Inc), Limited Liability Company Operating Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Limited Liability Company Agreement (Entergy Arkansas Restoration Funding, LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing at law or in equity, it is expressly agreed that the Member, the Managers Managers, the Special Member and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, the Special Member or the Independent Manager may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company and the Member shall not have any rights in and to any independent venture or activity or the income or profits derived therefromtherefrom by virtue of this Agreement.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Ameren Missouri Securitization Funding I, LLC), Limited Liability Company Agreement (RG&E Storm Funding LLC), Limited Liability Company Agreement (NYSEG Storm Funding LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) duty otherwise existing at law or in equity, it is expressly agreed that the MemberMembers, the Special Members, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Memberthereof, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Barings BDC, Inc.), Limited Liability Company Agreement (Corporate Capital Trust, Inc.)
Other Ventures. Notwithstanding Not withstanding any duties (including fiduciary duties) duty otherwise existing at law or in equity, it is expressly agreed that the Member, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (RSB Bondco LLC), Limited Liability Company Agreement (RSB Bondco LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing extending at law or in equity, it is expressly agreed that the Member, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Entergy Texas, Inc.), Limited Liability Company Agreement (Entergy Texas, Inc.)
Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing at law or in equity, it is expressly agreed that the Member, the Managers (including each Independent Manager), any Special Member and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Member, the Managers (including each Independent Manager) or any Special Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DTE Electric Securitization Funding II LLC), Limited Liability Company Agreement (DTE Electric Securitization Funding II LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) otherwise existing at law or in equity, it is expressly agreed that the Member, the Managers and any Affiliates, officers, directors, managers, stockholdersshareholders, partners or employees of the Member, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Virginia Power Fuel Securitization, LLC), Limited Liability Company Agreement (Virginia Power Fuel Securitization, LLC)
Other Ventures. Notwithstanding any duties (including fiduciary duties) duty otherwise existing at law or in equity, it is expressly agreed that the Members, the Special Member, the Managers and any Affiliates, officers, directors, managers, stockholders, partners or employees of the Memberthereof, may engage in other business ventures of any nature and description, whether or not in competition with the Company, independently or with others, and the Company shall not have any rights in and to any independent venture or activity or the income or profits derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GNMAG Asset Backed Securitizations, LLC)
