Outside Activities of the Members. Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Members, any Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company Group. Neither the Company nor any other Member shall have any rights by virtue of this Agreement in any business ventures of any Member.
Appears in 4 contracts
Samples: Operating Agreement (U S Timberlands Co Lp), Operating Agreement (U S Timberlands Finance Corp), Operating Agreement (U S Timberlands Klamath Falls LLC)
Outside Activities of the Members. Subject to the provisions of Section 7.57.6, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Members, any each Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company Group. Neither the Company nor any of the other Member Members shall have any rights by virtue of this Agreement in any business ventures of any Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Recapitalization Agreement (Kimbell Royalty Partners, LP)
Outside Activities of the Members. Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be MembersOmnibus Agreement and the Non-Compete Agreement, any Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company Group or the MLP Group. Neither the Company nor any of the other Member Members shall have any rights by virtue of this Agreement in any business ventures of any Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Valero Gp Holdings LLC)
Outside Activities of the Members. Subject to the provisions of Section 7.5Section 7.6, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Members, any each Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company Group. Neither the Company nor any of the other Member Members shall have any rights by virtue of this Agreement in any business ventures of any Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP)
Outside Activities of the Members. Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons Person shall also be Membersa Member, any Member the Members shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company Partnership Group. Neither the Company nor any other Member shall have any rights by virtue of this Agreement in any business ventures of any Member.
Appears in 1 contract
Samples: Company Agreement (Enterprise Products Partners L P)
