Contribution, ARS Sample Clauses

Contribution, ARS. K's interest in the Project and its Interest in the Company is a "carried interest" and that therefore and in light of the provisions of Section 10. of the Development Agreement, the interests of the Members in the Project and the Interests of the Members in the Company may, from time to time, be at variance with each other. Under these circumstances, the parties acknowledge and confirm that neither SKLLC nor the Managers appointed by SKLLC shall be obligated to act or refrain from acting (or to cause the Company to act or to refrain from acting) in any particular manner or in a manner inconsistent with SKLLC's economic interest, solely because SKLLC controls the Company's Board of Managers, provided, however, that this sentence shall not relief SKLLC of any contractual obligation under this Agreement, the Development Agreement, or any other agreement executed by SKLLC and ARS-K on or after the date first above written.