Duties and Obligations of the Manager. (a) The Manager shall not be required to manage the Company as his sole and exclusive function and he may have other business interests and engage in activities in addition to those relating to the Company. Neither the Company nor the Members shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Manager or in the income or proceeds derived therefrom.
Appears in 3 contracts
Samples: Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De)
Duties and Obligations of the Manager. (a) The Manager shall not be required to manage the Company as his sole and exclusive function and he may have other business interests and engage in activities in addition to those relating to the Company. Neither the Company nor the Members shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the thE Manager or in the income or proceeds derived therefrom.
Appears in 1 contract
Samples: Operating Agreement (Onepoint Communications Corp /De)
