Common use of Outside Activities Clause in Contracts

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 5 contracts

Samples: Schedules and Exhibits (Four Springs Capital Trust), Four Springs Capital Trust, GMH Communities Trust

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Outside Activities. Subject to Section 6.08 hereof6.08, the Declaration of Trust Charter and any agreements agreements, including without limitation the Management Agreement, entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 5 contracts

Samples: Agreement (HC Government Realty Trust, Inc.), Agreement (Medalist Diversified REIT, Inc.), Medalist Diversified REIT, Inc.

Outside Activities. Subject to Section 6.08 hereof, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 4 contracts

Samples: Agreement (Investors Real Estate Trust), Wells Real Estate Investment Trust Ii Inc, Agreement (Investors Real Estate Trust)

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust Charter and any agreements entered into by the Company, the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the Company or the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, activities and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 4 contracts

Samples: NNN Apartment REIT, Inc., NNN Apartment REIT, Inc., NNN Apartment REIT, Inc.

Outside Activities. Subject to Section 6.08 hereof6.08, the Declaration of Trust Charter and any agreements agreements, including without limitation the Advisory Agreement, entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 3 contracts

Samples: Agreement (CapRocq Core REIT, Inc.), Agreement (CapRocq Core REIT, Inc.), CapRocq Core REIT, Inc.

Outside Activities. Subject to Section 6.08 6.8 hereof, the Declaration Articles of Trust Incorporation of the General Partner and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Americold Realty Trust), Limited Partnership Agreement (Americold Realty Trust), DCT Industrial Trust Inc.

Outside Activities. Subject to Section 6.08 hereof6.08, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, which. if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Cole Credit Property Trust Inc), Cole Credit Property Trust II Inc, Cole Credit Property Trust II Inc

Outside Activities. Subject to Section 6.08 6.8 hereof, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 3 contracts

Samples: Agreement (GLADSTONE LAND Corp), Gladstone Commercial Corp, Agreement (Gladstone Commercial Corp)

Outside Activities. Subject to Section 6.08 hereof7.8, the Declaration Articles of Trust Incorporation and any agreements entered into by CCI or the General Partner or its their Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder stockholder of beneficial interest of CCI or the General Partner Partner, CCI and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and CCI the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)

Outside Activities. Subject to Section 6.08 hereof, the Declaration Articles of Trust ------------------ Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 2 contracts

Samples: Wells Real Eastate Investment Trust Inc, Prentiss Properties Trust/Md

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, directortrustee, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 2 contracts

Samples: Agreement (Physicians Realty Trust), Physicians Realty Trust

Outside Activities. (a) Subject to Section 6.08 hereof, the Declaration Restated Certificate of Trust Incorporation of the General Partner and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, the General Partner and any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activitiesventures of the General Partner. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activitiesactivities of the General Partner, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 2 contracts

Samples: Original Agreement (Felcor Lodging Trust Inc), Original Agreement (Felcor Lodging L P)

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust Charter and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 2 contracts

Samples: Agreement (Capterra Financial Group, Inc.), Legacy Healthcare Properties Trust Inc.

Outside Activities. Subject to Section 6.08 hereof6.08, the Declaration of Trust Charter and any agreements agreements, including without limitation the Investment Allocation Agreement and the Management Agreement, entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 2 contracts

Samples: Agreement (Bluerock Residential Growth REIT, Inc.), Bluerock Residential Growth REIT, Inc.

Outside Activities. Subject to Section 6.08 hereof, the Declaration articles of Trust incorporation of the company, the limited liability company agreement of the General Partner and any agreements entered into by the General Partner Partner, the Company or its any of their respective Affiliates with the Partnership Partnership, any Subsidiary or a Subsidiary, any officer, director, employee, agent, trustee, AffiliateAffiliate or stockholder of the Company, shareholder or holder of beneficial interest of the General Partner and the General Partner Company shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any None of the Limited Partners shall have any rights by virtue of this Agreement in any such business venturesPartnership, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner and the Company shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Asset Capital Corporation, Inc.

Outside Activities. Subject to Section 6.08 hereof, the Declaration Certificate ------------------ of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Patriot American Hospitality Inc

Outside Activities. Subject to Section 6.08 hereof, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Original Agreement (Agree Realty Corp)

Outside Activities. Subject to Section 6.08 hereof, the Declaration Certificate of Trust ------------------ Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Prentiss Properties Trust/Md

Outside Activities. Subject to Section 6.08 hereof, the Declaration ------------------ Certificate of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Patriot American Hospitality Operating Co\de

Outside Activities. Subject to Section 6.08 6.8 hereof, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.. 6.7

Appears in 1 contract

Samples: Limited Partnership Agreement (Strategic Realty Trust, Inc.)

Outside Activities. Subject to Section 6.08 6.8 hereof, the Declaration of Trust and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Four Springs Capital Trust

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Outside Activities. Subject to Section 6.08 hereof, the Declaration Certificate of Trust Formation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and the General Partner Partner, shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Agreement (Cherry Hill Mortgage Investment Corp)

Outside Activities. (a) Subject to Section 6.08 hereof, the Declaration Restated Certificate of Trust Incorporation of the General Partner and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, the General Partner and any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activitiesventures of the General Partner. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activitiesactivities of the General Partner, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests 22 29 and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Original Agreement (Felcor Lodging Trust Inc)

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Hudson Hotels Trust

Outside Activities. Subject to Section 6.08 hereof7.8, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.)

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, AffiliateAffiliate or shareholder of the Company or the General Partner, shareholder or holder of beneficial interest of the General Partner and the General Partner Company shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner and the Company shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: American Financial Realty Trust

Outside Activities. Subject to Section 6.08 hereof, the Declaration Certificate of Trust Formation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Agreement (Ellington Housing Inc.)

Outside Activities. Subject to Section 6.08 hereof6.08, the Declaration of Trust Charter and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Agreement (US Federal Properties Trust Inc.)

Outside Activities. Subject to Section 6.08 hereof6.8, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Limited Partnership Agreement (Passco Apartment REIT, Inc.)

Outside Activities. Subject to Section 6.08 hereof, the Declaration Articles of Trust ------------------ Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, which. if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Wells Real Estate Investment Trust Inc

Outside Activities. Subject to Section 6.08 6.8 hereof, the Declaration Articles of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.. 6. 7

Appears in 1 contract

Samples: Steadfast Apartment REIT, Inc.

Outside Activities. Subject to Section 6.08 hereof, the Declaration of Trust Charter and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest stockholder of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character that, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Columbia Equity Trust, Inc.

Outside Activities. Subject to Section 6.08 hereof, the Declaration Articles ------------------ of Trust Incorporation and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, any officer, director, employee, agent, trustee, Affiliate, Affiliate or shareholder or holder of beneficial interest of the General Partner and the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest or activities. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Patriot American Hospitality Inc

Outside Activities. Subject to Section 6.08 hereof6.8, the Declaration of Trust Charter and any agreements entered into by the General Partner or its Affiliates with the Partnership or a Subsidiary, or any officer, director, trustee, manager, employee, agent, trustee, Affiliate, shareholder Affiliate or holder of beneficial interest owner of the General Partner and Partner, the General Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities substantially similar or identical to those of the Partnership. Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, interest interests or activities. None of the Limited Partners nor or any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any such business ventures, interests or activities, and the General Partner shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character thatwhich, if presented to the Partnership or any Limited Partner, could be taken by such Person.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lodging Fund REIT III, Inc.)

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