Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Company shall be deemed the property of the Company, and the Initial Member may engage in or possess an interest in any other business venture, independently or with others, of any nature or description, even if such venture or opportunity is in direct competition with the business of the Company; and the Company shall have no rights by virtue hereof in or to such other business ventures, or to the income or profits derived therefrom.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Partnership pursuant to Section 2.3 shall be deemed the property of the Partnership, and any Partner or its Affiliate may engage in or possess an interest in any other business venture, independently or with others, of any nature or description; and neither any other Partner nor the Partnership shall have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom. The provisions of this Section 2.7 shall be subject to, and not in any way affect the enforceability of, any separate agreement by a Partner or any Affiliate thereof restricting or prohibiting certain business activities of such Partner or Affiliate.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Company pursuant to Section 2.3 shall be deemed the property of the Company, and any Member or Manager may engage in or possess an interest in any other business venture (including those which may be a direct competitor of the Company), independently or with others of any nature or description; and neither any other Member nor any other Manager nor the Company shall have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom. The provisions of Section 2.3 shall be subject to and shall not in any way affect the enforceability of any separate agreement by a Member, any Manager, or any Affiliate of either, restricting or prohibiting certain business activities of such Member or Manager.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Company pursuant to Section 2.4 shall be deemed the property of the Company, and except as provided herein any Manager or Member may engage in or possess an interest in any other business venture, independently or with others, of any nature or description; and neither any other Manager or Member nor the Company shall have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom. No Manager or Member shall have any obligation to communicate, present or offer first to the Company or any of its Subsidiaries any business opportunity or venture of any kind. The provisions of this Section 15.17 shall be subject to, and not in any way affect the enforceability of, any separate agreement by a Manager or Member or any Affiliate thereof restricting or prohibiting certain business activities of such Manager or Member or such Affiliate(s) thereof including any Joinder Agreement.
Reservation of Other Business Opportunities. No business opportunities of ------------------------------------------- any Member or Manager shall be deemed the property of the LLC, and each such Member or Manager may engage in or possess an interest in any other business venture, independently or with others, of any nature or description; and neither any other Member nor the LLC shall have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom. Each of the Members acknowledges that the Class M Member, in and for itself and as general partner of or otherwise pursuant to other entities, now is and hereafter will be conducting business and otherwise engaged in activities similar or competitive to the business or activities of the LLC, and that no such activity shall be a breach or violation of this agreement or any fiduciary duty of the Class M Member or of the Managers. Each Member further acknowledges and agrees that the Board and the Class M Member have no duty or obligation to present any activity or business opportunity to the LLC and may conduct any activity or business opportunity in its individual capacity or through any other entity.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Company on the date of execution hereof shall be deemed the property of the Company, and any Manager or Member may engage in or possess an interest in any other business venture, independently or with others, of any nature or description; and neither any other Manager or Member nor the Company shall have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom. No Manager or Member shall have any obligation to communicate, present or offer first to the Company or any of its Subsidiaries any business opportunity or venture of any kind. The provisions of this Section 16.18 shall be subject to, and not in any way affect the enforceability of, any separate agreement by a Manager or Member or any Affiliate thereof restricting or prohibiting certain business activities of such Manager or Member or such Affiliate(s) thereof (in this Agreement or otherwise).
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the Company shall be deemed to be property of the Company and any Stockholder or Director (unless otherwise restricted by another agreement with the Company) may engage in or possess an interest in any other business venture, independently or with others, of any nature or description, even if such venture or opportunity is in direct competition with the business of the Company; and (unless otherwise restricted by another agreement with the Company) neither Stockholder or any Director nor the Company shall have any rights or obligations by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by the LLC shall be deemed the property of the LLC, and the Member may engage in or possess an interest in any other business venture, independently or with others, of any nature or description, even if such venture or opportunity is in direct competition with the business of thc LLC; and the LLC shall have no rights by virtue hereof in or to such other business ventures, or to the income or profits derived therefrom.
Reservation of Other Business Opportunities. No business opportunities other than those actually exploited by Lear Tech shall be deemed the property of Lear Tech, and the Member may engage in or possess an interest in any other business venture, independently or with others, of any nature or description, even if such venture or opportunity is in direct competition with the business of Lear Tech; and Lear Tech shall have no rights by virtue hereof in or to such other business ventures, or to the income or profits derived therefrom.
Reservation of Other Business Opportunities. Notwithstanding the foregoing, the existence of the Company will not restrict the Member or its Affiliates from continuing to participate in the joint ventures in which the Member currently has an interest. No business opportunities other than those set forth in Section 1.04 of this Agreement, as amended from time to time, shall be deemed the property of the Company, and the Member or Manager may engage in or possess, independently or with others, an interest of any nature or description in any other business venture; and the Member or Manager of the Company shall not have any rights by virtue hereof in and to such other business ventures, or to the income or profits derived therefrom.
