Common use of Outside Activities of the Members Clause in Contracts

Outside Activities of the Members. Nothing herein contained shall prevent or prohibit the Members or any Affiliates of the Members from entering into, engaging in or conducting any other activity or performing for a fee any service; acting as a director, officer or employee of any corporation, as a trustee of any trust, as a general partner of any partnership, or as an administrative official of any other business entity; or receiving compensation for services to, or participating in profits derived from, the investments of any business, property, corporation, trust, partnership or other entity, regardless of whether such activities are competitive with the Council (collectively, the “Outside Activities”); provided, however, that each Member engaging in Outside Activities as of or after such Member’s Admission Date that are competitive with the Council shall notify the Board of the general competitive nature of such Outside Activities (which notice will be required as of the Member’s Admission Date if engaged in Outside Activities as of its Admission Date, or, if not engaged in Outside Activities as of its Admission Date, prior to engaging in any Outside Activities), and shall remain bound by the confidentiality obligation of Section 11.14 hereof in connection with such Outside Activities. In addition, nothing herein shall require any Member or any Affiliates thereof to offer any interest in such Outside Activities to the Council or any other Member.‌

Outside Activities of the Members. Nothing herein contained shall prevent or prohibit the Members or any Affiliates of the Members from entering into, engaging in or conducting any other activity or performing for a fee any service; acting as a director, officer or employee of any corporation, as a trustee of any trust, as a general partner of any partnership, or as an administrative official of any other business entity; or receiving compensation for services to, or participating in profits derived from, the investments of any business, property, corporation, trust, partnership or other entity, regardless of whether such activities are competitive with the Council (collectively, the “Outside Activities”); provided, however, that each Member engaging in Outside Activities as of or after such Member’s Admission the Effective Date that are competitive with the Council shall notify the Board of the general competitive nature of such Outside Activities (which notice will be required as of the Member’s Admission Effective Date if engaged in Outside Activities as of its Admission the Effective Date, or, if not engaged in Outside Activities as of its Admission the Effective Date, prior to engaging in any Outside Activities), and shall remain bound by the confidentiality obligation of Section 11.14 hereof in connection with such Outside Activities. In addition, nothing herein shall require any Member or any Affiliates thereof to offer any interest in such Outside Activities to the Council or any other Member.‌Member.