Common use of General Scope of Independent Activities Clause in Contracts

General Scope of Independent Activities. Subject to Section 1.9(d), the Members hereby expressly acknowledge that each of their respective Affiliates is involved in transactions, investments and business ventures and undertakings of every nature, which include, without limitation, activities which are not associated in any manner with real estate, as well as the ownership, construction, development, management, marketing, sale and operation of real property and improvements of every type and nature thereon (all such investments and activities being referred to hereinafter collectively as the “Independent Activities” and individually as an “Independent Activity”).

Appears in 3 contracts

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

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General Scope of Independent Activities. Subject to Section 1.9(d), the The Members hereby expressly agree and acknowledge that each of their respective Affiliates the Members, either directly or through the Member’s Affiliates, is involved in transactions, investments and business ventures and undertakings of every nature, which include, without limitation, activities which are not associated in any manner with real estate, as well as the ownership, construction, development, management, marketing, sale and operation of real property and improvements of every type and nature thereon (all such investments and activities being referred to hereinafter collectively as the “Independent Activities” and individually as an “Independent Activity”).

Appears in 1 contract

Samples: Operating Agreement (A & B II, Inc.)

General Scope of Independent Activities. Subject to Section 1.9(d), the The Members hereby expressly agree and acknowledge that each of their the Members, either directly or through its respective Affiliates Affiliates, is or may be involved in transactions, investments investments, and business ventures and undertakings of every type and nature, which include, without limitation, activities which that are not associated in any manner with real estate, as well as the ownership, construction, development, management, marketing, sale sale, lease, and operation of real property and improvements of every type and nature thereon (all such investments and activities being referred to hereinafter collectively hereinafter, collectively, as the “Independent Activities” and individually individually, as an “Independent Activity”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)

General Scope of Independent Activities. Subject to Section 1.9(d)Except as otherwise provided below, the Members hereby expressly acknowledge that each of their respective Affiliates Member (either directly or through its Affiliates) is involved in transactions, investments and business ventures and undertakings of every nature, which include, without limitation, activities which are not associated in any manner with real estate, as well as the ownership, construction, development, management, marketing, sale estate and operation of real property and improvements of every type and nature thereon stock based training (all such investments and activities being referred to hereinafter collectively as the “Independent Activities” and individually as an “Independent Activity” and collectively as “Independent Activities”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Whitney Information Network Inc)

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General Scope of Independent Activities. Subject to Section 1.9(d), the The Members hereby expressly agree and acknowledge that each of their respective Affiliates the Members, either directly or through the Member's Affiliates, is involved in transactions, investments and business ventures and undertakings of every nature, which include, without limitation, activities which are not associated in any manner with real estate, as well as the ownership, construction, development, management, marketing, sale and operation of real property and improvements of every type and nature thereon (all such investments and activities being referred to hereinafter collectively as the "Independent Activities” and individually as an “Independent Activity”").

Appears in 1 contract

Samples: Operating Agreement (United Park City Mines Co)

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