Common use of UST’s Outside Activities Clause in Contracts

UST’s Outside Activities. (a) UST shall be entitled to and may have interests and engage in activities in addition to those relating to the Partnership, including interests and activities in direct competition with the Partnership and the entities in which the Partnership invests and may engage in transactions with, and provide services or financing to, the Partnership or any such entity. For the avoidance of doubt, UST (in its capacity as a Limited Partner or a lender) may invest in and provide financing to other PPIFs or other investment vehicles that may invest in Eligible Assets. None of the Partnership, any other Partner or any other Person shall have any rights by virtue of this Agreement in any ventures of any Limited Partner.