Reservation of Other Business Opportunities. Except and solely to the extent that any business opportunities of the Member are actually exploited by the Company, no business opportunities of the Member shall be deemed the property of the Company. 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 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.
Appears in 9 contracts
Samples: Constituent Documents, Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement
Reservation of Other Business Opportunities. Except and solely to the extent that any No business opportunities of the Member are other than those actually exploited by the Company, no business opportunities of the Member Company shall be deemed the property of the Company. The , 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.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)
Reservation of Other Business Opportunities. Except and solely to the extent that any No business opportunities of the Member are other than those actually exploited by the Company, no business opportunities of the Member Company shall be deemed the property of the Company. The , 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 the Company; and the . The Company shall have no rights by virtue hereof in or to such other business ventures, or to the income or profits derived therefrom.
Appears in 2 contracts
Samples: Operating Agreement (IOC-Black Hawk Distribution Company, LLC), Limited Liability Company Agreement (Rainbow Casino-Vicksburg Partnership, L.P.)
Reservation of Other Business Opportunities. Except and solely to the extent that any No business opportunities of the Member are other than those actually exploited by the Company, no business opportunities of the Member Company shall be deemed the property of the Company. The , 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.. 2.10
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC)
Reservation of Other Business Opportunities. Except and solely to the extent that any No business opportunities of the Member are other than those actually exploited by the Company, no business opportunities of the Member Company shall be deemed the property of the Company. The , 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 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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Global Multi-Manager Real Estate Income Fund LLC)
Reservation of Other Business Opportunities. Except and solely to the extent that any No business opportunities of the Member are other than those actually exploited by the Company, no business opportunities of the Member Company shall be deemed the to be property of the Company and any Stockholder or Director (unless otherwise restricted by another agreement with the Company. 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 the Company; and (unless otherwise restricted by another agreement with the Company) neither Stockholder or any Director nor the Company shall have no any rights or obligations by virtue hereof in or and to such other business ventures, or to the income or profits derived therefrom.
Appears in 1 contract
Samples: Stockholders Agreement (Telehub Communications Corp)
