Activities of the Members. Except as expressly restricted by the Joint Investment and Non-Competition Agreement, each Member and its Affiliates may engage in or hold interests in other business ventures and activities of any nature, including, without limitation, ventures and activities similar to those of the Company, and neither the Company nor the other Members shall, by virtue of this Agreement, have any interest or rights in or to such other ventures or business or any liability or obligation with respect thereto.
Activities of the Members. Each Member may engage or invest in any other activity or venture or possess any interest therein independently or with others. None of the Members, the Company or any other Person employed by, related to or in any way affiliated with any Member or the Company shall have any duty or obligation to disclose or offer to the Company or the Members, or obtain for the benefit of the Company or the Members, any other activity or venture or interest therein, other than as set out in the Advising Agreements. None of the Company, the Members, the creditors of the Company or any other Person having any interest in the Company shall, other than as set out in the Advising Agreements, have (a) any claim, right or cause of action against any Member or any other Person employed by, related to or in any way affiliated with, any Member by reason of any direct or indirect investment or other participation, whether active or passive, in any such activity or venture or interest therein, or (b) any right to any such activity or venture or interest therein or the income or profits derived therefrom.
Activities of the Members. Nothing herein contained shall prevent or prohibit the Members or any Affiliates of the Members from entering into, engaging in or conducting any other activity or performing for a fee any service; acting as a director, officer or employee of any corporation, as a trustee of any trust, as a general partner of any partnership, or as an administrative official of any other business entity; or receiving compensation for services to, or participating in profits derived from, the investments of any business, property, corporation, trust, partnership or other entity, regardless of whether such activities are competitive with the Council (collectively, the “Outside Activities”); provided, however, that each Member engaging in Outside Activities as of or after the Effective Date that are competitive with the Council shall notify the Board of the general competitive nature of such Outside Activities (which notice will be required as of the Effective Date if engaged in Outside Activities as of the Effective Date, or, if not engaged in Outside Activities as of the Effective Date, prior to engaging in any Outside Activities), and shall remain bound by the confidentiality obligation of Section 11.14 hereof in connection with such Outside Activities. In addition, nothing herein shall require any Member or any Affiliates thereof to offer any interest in such Outside Activities to the Council or any other Member.
Activities of the Members. (a) Nothing in this Agreement shall preclude any Member, including, without limitation, the Managing Member, or its Affiliates from exercising investment responsibility or buying, selling or otherwise dealing with any securities for their own accounts, or for any family member related to the Member (and its Affiliates and its directors, officers, employees or other agents). No other Member shall have any rights of first refusal, coinvestment or other rights in respect of the investments of such accounts or in any profits or other income earned or otherwise derived therefrom.
Activities of the Members and Their Affiliates Subject to the terms hereof, each Member and their respective direct and indirect Affiliates, members, partners, shareholders, directors, managers, officers, employees, agents and trustees shall only be required to devote so much of their time to the business and affairs of the Company as is determined in the reasonable discretion of each such party. Neither Member nor any of its direct and indirect Affiliates, members, partners, shareholders, directors, officers,
Activities of the Members and Their Affiliates Subject to the terms hereof, each Member and their respective direct and indirect Affiliates, members, partners, shareholders, directors, managers, officers, employees, agents and trustees shall only be required to devote so much of their time to the business and affairs of the Company as is determined in the reasonable discretion of each such party. Neither Member nor any of its direct and indirect Affiliates, members, partners, shareholders, directors, officers, managers, employees, agents or trustees shall be prohibited from engaging in other businesses whether or not similar to the business of the Company.
Activities of the Members. Each Member and any affiliates of such Member may engage in or hold an interest in other business ventures of any nature, including ventures and activities similar to and competitive with the Company.
