Common use of Independent Ventures Clause in Contracts

Independent Ventures. Any Member or any Affiliate of any Member may engage in, or possess interests in, business ventures of any or every nature and description, independently or with others, and whether such ventures are identical in style or purpose with, or directly compete with, the Company or not; and neither the Company nor any Member will have any rights by virtue of this Agreement or the existence of this Company in or to such ventures or to the income or profits derived therefrom or the right to restrict any Member from initiating or pursuing to the fullest extent any such ventures; provided, however, that the foregoing shall not relieve AIT of the obligations of AIT not to compete with the Company contained in that certain Fresh-Cut Corn Processing Agreement, dated on or about hereof, by and between AIT and the Company, nor shall it limit the completion of the contribution by AIT of its existing corn business to the Company pursuant to the Contribution Agreement.