Common use of Duties and Conflicts Clause in Contracts

Duties and Conflicts. (a) The Members and their respective officers, employees, the Managing Member and Affiliates shall devote such time to the Company business as they deem to be necessary or desirable in connection with their respective duties and responsibilities hereunder. Except as provided hereunder or as otherwise agreed to in writing by the Managing Member and all disinterested Members, no Member nor any member, partner, shareholder, officer, director, employee, agent or representative of any Member shall receive any salary or other remuneration for its services rendered pursuant to this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (ACP Watermark Investment LLC), Limited Liability Company Agreement (Strategic Realty Trust, Inc.), Limited Liability Company Agreement (Strategic Realty Trust, Inc.)

AutoNDA by SimpleDocs

Duties and Conflicts. (a) The Members and their respective officers, employees, appointed members of the Managing Member Executive Committee and Affiliates shall devote such time to the Company business as they deem to be necessary or desirable in connection with their respective duties and responsibilities hereunder. Except as provided hereunder or as otherwise agreed to in writing by the Managing Member Executive Committee and all disinterested Members, no Member nor any member, partner, shareholder, officer, director, employee, agent or representative of any Member shall receive any salary or other remuneration for its services rendered pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hudson Pacific Properties, Inc.)

AutoNDA by SimpleDocs

Duties and Conflicts. (a) The Members and their respective officers, employees, the Managing Member employees and Affiliates shall devote such time to the Company business as they deem to be necessary or desirable in connection with their respective duties and responsibilities hereunder. Except as otherwise provided hereunder in this Agreement or as otherwise agreed to in writing by the Managing Member and all disinterested Members or as approved by the Members, no Member nor any member, partner, shareholder, officer, director, employee, agent or representative of any Member shall receive any salary or other remuneration for its services rendered pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Prime Group Realty Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.