Common use of Other Business of Partners Clause in Contracts

Other Business of Partners. Any Partner may engage independently or with others in other business ventures, or make or manage other investments, without the necessity of informing the Partnership or the other Partners. Neither the Partnership nor any Partner shall have any rights in or to such other ventures or activities or to the income or proceeds derived therefrom. The pursuit of such ventures, even if competitive with the business of the Partnership, shall not be deemed wrongful or improper.

Appears in 3 contracts

Samples: Limited Partnership Agreement (FD Spinco II, Inc.), Partnership Agreement (FD Spinco II, Inc.), Limited Partnership Agreement (FD Spinco II, Inc.)

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Other Business of Partners. Any Partner may engage independently or with others in other investment or business ventures of any kind, render advice or services of any kind to other investors or ventures, or make or manage other investments, without the necessity of informing the Partnership investments or the other Partnersventures. Neither the Partnership nor any Partner shall have any rights right by virtue of this Agreement or the partnership relationship created hereby in or to such other ventures or activities or to the income or proceeds derived therefrom. The , and the pursuit of such ventures, even if competitive with the business of the Partnership, shall not be deemed wrongful or improper.

Appears in 2 contracts

Samples: Limited Partnership Agreement (McAleer John N), Limited Partnership Agreement (McAleer John N)

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Other Business of Partners. Any Each Partner and its respective Affiliates may engage in or possess any interests in other business ventures of any kind, independently or with others in other business ventures, or make or manage other investments, without the necessity of informing the Partnership or the other Partnersothers. Neither the Partnership, any Partner, nor the holder of any interest in the Partnership nor any Partner shall have any rights right by virtue of this Agreement or the partnership relationship created hereby in or to such other ventures or activities or to the income or proceeds profits derived therefrom. The , and the pursuit of such ventures, even if competitive with the business of the Partnership, shall not be deemed wrongful or improper.

Appears in 1 contract

Samples: Scana Corp

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