Common use of The Manager and the Organizer May Engage in Other Activities Clause in Contracts

The Manager and the Organizer May Engage in Other Activities. Subject to the terms of any employment or consulting agreement between the Manager and the Fund, none of the Manager or the Organizer is obligated to devote all of its time or business efforts to the affairs of the Fund, provided that the Manager shall devote the time, effort and skill as it determines may be necessary or appropriate for the proper operation of the Fund. Subject to the foregoing, the Manager and the Organizer may have other business interests and may engage in other activities in addition to those related to the Fund. The Manager and the Organizer and their respective Affiliates may acquire interests in the Fund or other entities managed or administered by the Manager or the Organizer or their respective Affiliates. The Manager and the Organizer and their respective Affiliates may acquire or possess interests in a Portfolio Asset and the interests may be of a different class or type, with different rights and preferences, than those held by the Fund. Likewise, the Manager and the Organizer and their respective Affiliates may acquire or possess interests in other companies or business ventures that are competitive with a Portfolio Asset or the Fund. Neither the Fund nor any Member will have the right, by virtue of this Agreement, to share or participate in other investments or activities of the Manager or the Organizer or to the income derived therefrom. Except as expressly set forth in this Agreement, the Manager, the Organizer, and each Member, and their respective Affiliates may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether those ventures are competitive with the Fund or otherwise.

The Manager and the Organizer May Engage in Other Activities. Subject to the terms of any employment or consulting agreement between the Manager and the Fund, none of the Manager or the Organizer is obligated to devote all of its time or business efforts to the affairs of the Fund, provided that the Manager shall devote the time, effort and skill as it determines may be necessary or appropriate for the proper operation of the Fund. Subject to the foregoing, the Manager and the Organizer may have other business interests and may engage in other activities in addition to those related to the Fund. The Manager and the Organizer and their respective Affiliates may acquire interests in the Fund or other entities managed or administered by the Manager or the Organizer or their respective Affiliates. The Manager and the Organizer and their respective Affiliates may acquire or possess interests in a Portfolio Asset and the interests may be of a different class or type, with different rights and preferences, than those held by the Fund. Likewise, the Manager and the Organizer and their respective Affiliates may acquire or possess interests in other companies or business ventures that are competitive with a Portfolio Asset or the Fund. Neither the Fund nor any Member will have the right, by virtue of this Agreement, to share or participate in other investments or activities of the Manager or the Organizer or to the income derived therefrom. Except as expressly set forth in this Agreement, the Manager, the Organizer, Organizer and each Member, and their respective Affiliates may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether those ventures are competitive with the Fund or otherwise.

The Manager and the Organizer May Engage in Other Activities. Subject to the terms of any employment or consulting agreement between the Manager and the Fund, none of neither the Manager or nor the Organizer is obligated to devote all of its time or business efforts to the affairs of the Fund, provided that the Manager shall devote the time, effort and skill as it determines in its sole discretion may be necessary or appropriate for the proper operation of the Fund. Subject to the foregoing, the Manager and the Organizer may have other business interests and may engage in other activities in addition to those related to the Fund. The Manager and Manager, the Organizer and their respective Affiliates may acquire interests in the Fund or other entities funds, companies, partnerships, or any other Person issuing securities managed or administered by the Manager or Manager, the Organizer or their respective Affiliates. The Manager and Manager, the Organizer and their respective Affiliates may acquire or possess interests in a Portfolio Asset Company and the interests may be of a different class or type, with different rights and preferences, than those held by the Fund. Likewise, the Manager and Manager, the Organizer and their respective Affiliates may acquire or possess interests in other companies or business ventures that are competitive with a Portfolio Asset Company or the Fund. Neither the Fund nor any Member will have the right, by virtue of this Agreement, to share or participate in other investments or activities of the Manager or the Organizer or to the income derived therefrom. Except as expressly set forth in this Agreement, the Manager, the Organizer, Organizer and each Member, and their respective Affiliates may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether those ventures are competitive with the Fund or otherwise.

The Manager and the Organizer May Engage in Other Activities. Subject to the terms of any employment or consulting agreement between the Manager and the Fund, none of neither the Manager or nor the Organizer is obligated to devote all of its time or business efforts to the affairs of the Fund, provided that the Manager shall devote the time, effort and skill as it determines in its sole discretion may be necessary or appropriate for the proper operation of the Fund. Subject to the foregoing, the Manager and the Organizer may have other business interests and may engage in other activities in addition to those related to the Fund. The Manager and Manager, the Organizer and their respective Affiliates may acquire interests in the Fund or other entities Funds managed or administered by the Manager or Manager, the Organizer or their respective Affiliates. The Manager and Manager, the Organizer and their respective Affiliates may acquire or possess interests in a Portfolio Asset Company and the interests may be of the same class or type with identical rights and preferences or of a different class or type, with different rights and preferences, than those held by the Fund. Likewise, the Manager and Manager, the Organizer and their respective Affiliates may acquire or possess interests in other companies or business ventures that are competitive with a Portfolio Asset Company or the Fund. Neither the Fund nor any Member will have the right, by virtue of this Agreement, to share or participate in other investments or activities of the Manager or the Organizer or to the income derived therefrom. Except as expressly set forth in this Agreement, the Manager, the Organizer, Organizer and each Member, and their respective Affiliates may engage in or possess any interest in other business ventures of any kind, nature or description, independently or with others, whether those ventures are competitive with the Fund or otherwise.