Common use of Business Opportunities Clause in Contracts

Business Opportunities. No Member, Director or any of their respective Affiliates shall be obligated to present any particular investment opportunity to the Company even if such opportunity is of a character that the Company or any of its Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each Member, Director or any of their respective Affiliates shall have the right to take for such Person’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)

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Business Opportunities. No None of the Sole Member, any Director or any of their respective Affiliates affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership even if such opportunity is of a character that the Company Company, the Partnership or any of its Subsidiaries their respective subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each the Sole Member, each Director or any of their respective Affiliates affiliates shall have the right to take for such Personperson’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 5 contracts

Samples: Limited Liabilty Company Agreement (Western Refining Logistics, LP), Limited Liability Company Agreement (Western Refining Logistics, LP), Limited Liability Company Agreement (Oiltanking Partners, L.P.)

Business Opportunities. No Member, Director None of the Sole Member or any of their respective its Affiliates shall be obligated to present any particular investment opportunity to the Company even if such opportunity is of a character that the Company or any of its Subsidiaries Affiliates might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each Member, Director the Sole Member or any of their respective its Affiliates shall have the right to take for such Person’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity, and any such action shall not constitute a breach of any duty otherwise existing at law, in equity or otherwise.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rentech Nitrogen Pasadena Holdings, LLC), Limited Liability Company Agreement (Rentech Nitrogen Partners, L.P.), Limited Liability Company Agreement (Rentech Nitrogen Pasadena Holdings, LLC)

Business Opportunities. No None of the Sole Member, any Director or any of their respective Affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership even if such opportunity is of a character that the Company Company, the Partnership or any of its their respective Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each the Sole Member, each Director or any of their respective Affiliates shall have the right to take for such Person’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Hartree Bulk Storage, LLC), Limited Liability Company Agreement (Sprague Resources LP), Limited Liability Company Agreement (Sprague Resources LP)

Business Opportunities. No MemberNeither of the Members, any Director or any of their respective Affiliates affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership even if such opportunity is of a character that the Company Company, the Partnership or any of its their respective Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and the Members, each Member, Director or any of their respective Affiliates affiliates shall have the right to take for such Personperson’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mach Natural Resources Lp), Limited Liability Company Agreement (Mach Natural Resources Lp)

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Business Opportunities. No None of the Sole Member, any Director or any of their respective Affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership even if such opportunity is of a character that the Company Company, the Partnership or any of its Subsidiaries their respective subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each the Sole Member, each Director or any of their respective Affiliates shall have the right to take for such Person’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rattler Midstream Lp), Limited Liability Company Agreement (Rattler Midstream Lp)

Business Opportunities. No None of the Sole Member, any Director or any of their respective Affiliates affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership even if such opportunity is of a character that the Company Company, the Partnership or any of its their respective Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each the Sole Member, each Director or any of their respective Affiliates affiliates shall have the right to take for such Personperson’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Inergy Midstream, LLC), Limited Liability Company Agreement (Inergy Midstream, L.P.)

Business Opportunities. No None of the Sole Member, any Director or any of their respective Affiliates shall be obligated to present any particular investment opportunity to the Company or the Partnership, even if such opportunity is of a character that the Company Company, the Partnership or any of its their respective Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each the Sole Member, each Director or any of their respective Affiliates shall have the right to take for such Person’s own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BP Midstream Partners LP)

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