Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no Person (other than the General Partner) shall have any obligation pursuant to this Agreement to offer any interest in any such business venture to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 2 contracts
Samples: Steadfast Apartment REIT, Inc., Steadfast Apartment REIT, Inc.
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the a General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany Affiliate thereof (including any employment agreement), any Limited Partner (other than the General Partner) and any Assignee, officer, director, employee, agent, trustee, Affiliate Affiliate, member or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None Subject to such agreements, none of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the a General Partner Partner, to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement Agreement, subject to any other agreements entered into by a Limited Partner or its Affiliates with a General Partner, the Partnership or any Affiliate thereof, to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character whichthat, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 2 contracts
Samples: Hot Springs Cottages Owner, LLC, Omega Healthcare Investors Inc
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany Affiliate thereof (including any employment agreement), any Limited Partner (other than the General Partner) and any Assignee, officer, director, employee, agent, trustee, Affiliate Affiliate, member or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None Subject to such agreements, none of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner Partner, to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement Agreement, subject to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership or any Affiliate thereof, to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character whichthat, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 2 contracts
Samples: Agreement (Aviv Reit, Inc.), Aviv Reit, Inc.
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner or a Subsidiaryany of their Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no Person (other than the General Partner) shall have any obligation pursuant to this Agreement to offer any interest in any such business venture to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 2 contracts
Samples: Agreement (Pillarstone Capital Reit), Agreement (Whitestone REIT)
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a SubsidiarySubsidiary thereof, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures ventures, or the income or profits derived therefrom, of any Limited Partner or Assignee. None Subject to such agreements, none of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (Person, other than the General Partner to Limited Partners benefitting from the extent expressly provided herein), and no Person (other than business conducted by the General Partner) , and such Person shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such other Person.
Appears in 2 contracts
Samples: Parkway Properties Inc, Grove Real Estate Asset Trust
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner or a Subsidiary, the Partnership, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerPartner Entity) or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no Person (other than the Organizational Limited Partner or the General Partner) shall have any obligation pursuant to this Agreement to offer any interest in any such business venture to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Jernigan Capital, Inc.
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.5 hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner (other than the Company) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Ramco Gershenson Properties Trust
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.C hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, 43-- 49 employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Vornado Realty Trust
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no Person (other than the General Partner) shall have any obligation pursuant to this Agreement to offer any interest in any such business venture to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a 39 character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: U-Store-It Trust
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any member, officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner (other than the Company) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Provident Senior Living Trust
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General PartnerPartnership or any of its Subsidiaries, the Partnership, the General Partner notwithstanding any duty (including any fiduciary duty) at law or a Subsidiary, in equity any Limited Partner (other than the General PartnerParent) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or AssigneePartner. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Macerich Co
Outside Activities of Limited Partners. Subject to Section 7.57.05 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.06(c) hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct or indirect competition with the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Cb Richard Ellis Realty Trust
Outside Activities of Limited Partners. A. Subject to Section 7.5the terms and provisions hereof, and subject to it is agreed that any agreements entered into pursuant to Section 7.6.B and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner or a Subsidiary, any Limited Partner (other than the General Partnerand/or Limited) and any Affiliate of any Partner (including any officer, director, employee, agent, trustee, Affiliate or stockholder representative of any Limited Partner Partner) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights rights, claims, or interests by virtue of this Agreement or any relationships, duties or obligations hereunder (including, but not limited to, any fiduciary or similar duties created by this Agreement, under the Act, or otherwise existing at law or in equity) in any business ventures or investments of any Limited General Partner or AssigneeLimited Partner, or any Affiliate of any of the foregoing. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein)Person, and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to -39- 44 the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, Person could be taken by such Person.
Appears in 1 contract
Samples: Property Management Agreement (Pacific Gulf Properties Inc)
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than including the General PartnerPromote Partner and Gables Trust) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner (including the Promote Partner and Gables Trust) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Gables Residential Trust)
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Maryland Property Capital Trust Inc
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 8.7 hereof and to any other agreements entered into by a Metropolis, the Limited Partner or its Affiliates Affiliate thereof with the General PartnerPartnership or any of its Subsidiaries, Metropolis and the Partnership, the General Partner or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, partner, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shareholder thereof shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Metropolis, the Limited Partner or Assigneeany Assignee thereof. None of Metropolis, the Limited Partners (other than the General Partner) or Partner nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Metropolis, the Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Metropolis, the Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Partnership Agreement (Metropolis Realty Trust Inc)
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), ) and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Hammons John Q Hotels Lp
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Macklowe Properties Inc
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6(e) hereto and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Agreement (Monarch Properties Inc)
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, employee, partner, member, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities activities, in direct or indirect competition with with, the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: National Health Realty Inc
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, trustee, director, member, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Limited Partnership Agreement (Urban Edge Properties)
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6(e) hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, trust manager, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner (other than the General Partner) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Camden Property Trust
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.5 hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner (other than the Company) shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited 31 214 Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Master Agreement (RPS Realty Trust)
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any say such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Cornerstone Properties Inc
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 1.6(E) hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.06.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General PartnerCompany) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General PartnerCompany) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: LNR Capital CORP
Outside Activities of Limited Partners. Subject to Section 7.5, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.C hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Agreement (First Union Real Estate Equity & Mortgage Investments)
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiaryany of its Subsidiaries, any Limited Partner (other than the General Partner) and any officer, director, employee, partner, member, agent, trustee, Affiliate or stockholder Shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities activities, in direct or indirect competition with with, the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein), and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: Burnham Pacific Properties Inc
Outside Activities of Limited Partners. Subject to Section 7.57.5 hereof, and subject to any agreements entered into pursuant to Section 7.6.B 7.6.E hereof and to any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, the Partnership, the General Partner Partnership or a Subsidiary, any Limited Partner (other than the General Partner) and any officer, director, employee, agent, trustee, Affiliate or stockholder shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities that are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or AssigneePartner. None of the Limited Partners (other than the General Partner) or nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner to the extent expressly provided herein)APF Group, and no such Person (other than the General Partner) shall have any no obligation pursuant to this Agreement to offer any interest in any such business venture ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.
Appears in 1 contract
Samples: CNL American Properties Fund Inc