Common use of Xxxxxxxx to Other Clients; Certain Affiliated Activities Clause in Contracts

Xxxxxxxx to Other Clients; Certain Affiliated Activities. (a) The relationship between the Asset Manager and the Series is as described in this Agreement and nothing in this Agreement, none of the services to be provided pursuant to this Agreement, nor any other matter, shall oblige the Asset Manager to accept responsibilities that are more extensive than those set forth in this Agreement. (b) The Asset Manager’s services to the Series are not exclusive. The Asset Manager may engage in other activities on behalf of itself, any other Managing Party and other clients (which, for the avoidance of doubt, may include other series of the Company). The Series acknowledges and agrees that the Asset Manager may, without prior notice to the Series, give advice to such other clients. The Asset Manager shall not be liable to account to the Series for any profits, commission or remuneration made or received in respect of transactions effected pursuant to the Asset Manager’s advice to another client and nor will the Asset Manager’s fees be abated as a result.

Appears in 58 contracts

Samples: Asset Management Agreement (RSE Innovation, LLC), Asset Management Agreement (RSE Innovation, LLC), Limited Liability Company Agreement (Ark7 Properties LLC)

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Xxxxxxxx to Other Clients; Certain Affiliated Activities. (a) The relationship between the Asset Property Manager and the Series is as described in this Agreement and nothing in this Agreement, none of the services to be provided pursuant to this Agreement, nor any other matter, shall oblige the Asset Property Manager to accept responsibilities that are more extensive than those set forth in this Agreement. (b) The Asset Property Manager’s services to the Series are not exclusive. The Asset Property Manager may engage in other activities on behalf of itself, any other Managing Party and other clients (which, for the avoidance of doubt, may include other series of the Company). The Series acknowledges and agrees that the Asset Property Manager may, without prior notice to the Series, give advice to such other clients. The Asset Property Manager shall not be liable to account to the Series for any profits, commission or remuneration made or received in respect of transactions effected pursuant to the Asset Property Manager’s advice to another client and nor will the Asset Property Manager’s fees be abated as a result.

Appears in 7 contracts

Samples: Property Management Agreement (Here Collection LLC), Property Management Agreement (Here Collection LLC), Property Management Agreement (Here Collection LLC)

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