Common use of OTHER ACTIVITIES OF PARTNERS AND AGREEMENTS WITH RELATED PARTIES Clause in Contracts

OTHER ACTIVITIES OF PARTNERS AND AGREEMENTS WITH RELATED PARTIES. The General Partner shall devote its full-time effort in furtherance of the business of the Bradxxx Xxxup, it being expressly understood that the General Partner may conduct its activities directly, through members of the Bradxxx Xxxup as well as and through the Partnership, as the General Partner determines is appropriate in its sole and absolute discretion. Without limiting the foregoing, the General Partner, either directly or through other members of the Bradxxx Xxxup other than the Partnership, may acquire, own, manage, develop, improve, lease, invest in or otherwise deal with commercial real estate including, without limitation, any shopping center, office building or retail project. Except as may otherwise be agreed to in writing, each Limited Partner and its affiliates shall be free to engage in, to conduct or to participate in any business or activity whatsoever, including, without limitation, the acquisition, development, management and exploitation of real and personal property (other than property of the Partnership), without any accountability, liability or obligation whatsoever to the Partnership or to any other Partner, even if such business or activity competes with or is enhanced by the business of the Partnership. The General Partner, in the exercise of its power and authority under this Agreement, may contract and otherwise deal with, or otherwise obligate the Partnership to deal with, entities in which the General Partner or any one or more of the officers, directors or stockholder of the General Partner may have an ownership or other financial interest, whether direct or indirect.

Appears in 2 contracts

Samples: Bradley Operating L P, Bradley Operating L P

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OTHER ACTIVITIES OF PARTNERS AND AGREEMENTS WITH RELATED PARTIES. The General Partner shall devote its full-time effort efforts in furtherance of the business of the Bradxxx XxxupPartnership business, it being expressly understood that the General Partner may shall conduct all of its activities directly, through members of with respect to the Bradxxx Xxxup as well as and manufactured housing community property business exclusively through the Partnership, as the General Partner determines is appropriate Partnership and shall not conduct or engage in its sole and absolute discretion. Without limiting the foregoing, the General Partner, either directly or through any way in any other members of the Bradxxx Xxxup other than the Partnership, may acquire, own, manage, develop, improve, lease, invest in or otherwise deal with commercial real estate including, without limitation, any shopping center, office building or retail projectbusiness. Except as may otherwise be agreed to in writing, each the Limited Partner Partner, and its affiliates affiliates, shall be free to engage in, to conduct or to participate in any business or activity whatsoever, including, without limitation, the acquisition, development, management and exploitation of real and personal property (other than property of the Partnership), without any accountability, liability Iiability or obligation whatsoever to the Partnership or to any other the General Partner, even if such business or activity competes with or is enhanced by the business of the Partnership. The General Partner, in the exercise of its power and authority under this Agreement, may contract and otherwise deal with, with or otherwise obligate the Partnership to deal with, entities in which the General Partner Partner, or any one or more of the officers, directors or stockholder shareholders of the General Partner may have an ownership or other financial interest, whether direct or indirect.

Appears in 1 contract

Samples: Manufactured Home Communities Inc

OTHER ACTIVITIES OF PARTNERS AND AGREEMENTS WITH RELATED PARTIES. The General Partner shall devote its full-time effort in furtherance of the business of the Bradxxx XxxupInland Group, it being expressly understood that the General Partner may conduct its activities directly, through members of the Bradxxx Xxxup Inland Group as well as and through the Partnership, as the General Partner determines is appropriate in its sole and absolute discretion. Without limiting the foregoing, the General Partner, either directly or through other members of the Bradxxx Xxxup Inland Group other than the Partnership, may acquire, own, manage, develop, improve, lease, invest in or otherwise deal with commercial real estate including, without limitation, any retail establishment, shopping center, office building center or retail project. Except as may otherwise be agreed to in writing, each Limited Partner and its affiliates shall be free to engage in, to conduct or to participate in any business or activity whatsoever, including, without limitation, the acquisition, development, management and exploitation of real and personal property (other than property of the Partnership), without any accountability, liability or obligation whatsoever to the Partnership or to any other Partner, even if such business or activity competes with or is enhanced by the business of the Partnership. The General Partner, in the exercise of its power and authority under this Agreement, may contract and otherwise deal with, or otherwise obligate the Partnership to deal with, entities in which the General Partner or any one or more of the officers, directors trustees or stockholder shareholders of the General Partner may have an ownership or other financial interest, whether direct or indirect.

Appears in 1 contract

Samples: Inland Retail Real Estate Trust Inc

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OTHER ACTIVITIES OF PARTNERS AND AGREEMENTS WITH RELATED PARTIES. The General Partner shall devote its full-time effort in furtherance of the business of the Bradxxx XxxupXxxxxxx Group, it being expressly understood that the General Partner may conduct its activities directly, through members of the Bradxxx Xxxup Xxxxxxx Group as well as and through the Partnership, as the General Partner determines is appropriate in its sole and absolute discretion. Without limiting the foregoing, the General Partner, either directly or through other members of the Bradxxx Xxxup Xxxxxxx Group other than the Partnership, may acquire, own, manage, develop, improve, lease, invest in or otherwise deal with commercial real estate including, without limitation, any shopping center, office building or retail project. Except as may otherwise be agreed to in writing, each Limited Partner and its affiliates shall be free to engage in, to conduct or to participate in any business or activity whatsoever, including, without limitation, the acquisition, development, management and exploitation of real and personal property (other than property of the Partnership), without any accountability, liability or obligation whatsoever to the Partnership or to any other Partner, even if such business or activity competes with or is enhanced by the business of the Partnership. The General Partner, in the exercise of its power and authority under this Agreement, may contract and otherwise deal with, or otherwise obligate the Partnership to deal with, entities in which the General Partner or any one or more of the officers, directors or stockholder of the General Partner may have an ownership or other financial interest, whether direct or indirect.

Appears in 1 contract

Samples: Heritage Property Investment Trust Inc

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