{"component": "clause", "props": {"groups": [{"samples": [{"hash": "2SqIIOxbMWf", "uri": "/contracts/2SqIIOxbMWf#outside-activities", "label": "Limited Partnership Agreement", "score": 29.3408622742, "published": true}, {"hash": "2Q5u4zsOZG3", "uri": "/contracts/2Q5u4zsOZG3#outside-activities", "label": "Agreement of Limited Partnership (Teekay Offshore Partners L.P.)", "score": 29.0602321625, "published": true}, {"hash": "kOseviYvbOs", "uri": "/contracts/kOseviYvbOs#outside-activities", "label": "Limited Partnership Agreement (Teekay Offshore Partners L.P.)", "score": 27.4941825867, "published": true}], "snippet": "(a) After the Closing Date, the General Partner, for so long as it is the general partner of the Partnership (i) agrees that its sole business will be to act as a general partner or managing member, as the case may be, of the Partnership and any other partnership or limited liability company of which the Partnership is, directly or indirectly, a partner or member and to undertake activities that are ancillary or related thereto (including being a limited partner in the Partnership), (ii) shall not engage in any business or activity or incur any debts or liabilities except in connection with or incidental to (A) its performance as general partner or managing member, if any, of one or more Group Members or as described in or contemplated by the Registration Statement or (B) the acquiring, owning or disposing of debt or equity securities in any Group Member and (iii) except to the extent permitted in the Omnibus Agreement, shall not, and shall cause its controlled Affiliates not to, engage in any LNG Restricted Business or Crude Oil Restricted Business (as such terms are defined in the Omnibus Agreement).\n(b) Teekay Corporation, Teekay LNG Partners L.P. and certain of their respective Affiliates have entered into the Omnibus Agreement, which agreement sets forth certain restrictions on the ability of Teekay Corporation, Teekay LNG Partners L.P. and certain of their Affiliates to engage in any Offshore Restricted Business (as defined in the Omnibus Agreement).\n(c) Except as specifically restricted by Section 7.5(a) or the Omnibus Agreement, each Indemnitee (other than the General Partner) shall have the right to engage in businesses of every type and description and other activities for profit and to engage in and possess an interest in other business ventures of any and every type or description, whether in businesses engaged in or anticipated to be engaged in by any Group Member, independently or with others, including business interests and activities in direct competition with the business and activities of any Group Member, and none of the same shall constitute a breach of this Agreement or any duty expressed or implied by law to any Group Member or any Partner. Notwithstanding anything to the contrary in this Agreement, (i) the possessing of competitive interests and engaging in competitive activities by any Indemnitees (other than the General Partner) in accordance with the provisions of this Section 7.5 is hereby approved by the Partnership and all Partners and (ii) it shall be deemed not to be a breach of any fiduciary duty or any other obligation of any type whatsoever of the General Partner or of any Indemnitee for the Indemnitees (other than the General Partner) to engage in such business interests and activities in preference to or to the exclusion of the Partnership.\n(d) Notwithstanding anything to the contrary in this Agreement, the doctrine of corporate opportunity, or any analogous doctrine, shall not apply to an Indemnitee (including the General Partner) and, subject to the terms of Section 7.5(a), Section 7.5(b), Section 7.5(c) and the Omnibus Agreement, no Indemnitee (including the General Partner) who acquires knowledge of a potential transaction, agreement, arrangement or other matter that may be an opportunity for the Partnership shall have any duty to communicate or offer such opportunity to the Partnership, and, subject to the terms of Section 7.5(a), Section 7.5(b), Section 7.5(c) and the Omnibus Agreement, such Indemnitee (including the General Partner) shall not be liable to the Partnership, to any Limited Partner or any other Person for breach of any fiduciary or other duty by reason of the fact that such Indemnitee (including the General Partner) pursues or acquires such opportunity for itself, directs such opportunity to another Person or does not communicate such opportunity or information to the Partnership.\n(e) The General Partner and each of its Affiliates may acquire Units or other Partnership Securities in addition to those acquired on the Closing Date and, except as otherwise provided in this Agreement, shall be entitled to exercise, at their option, all rights relating to all Units or other Partnership Securities acquired by them. 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"Subject to the Articles of 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 or stockholder of 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 which, if presented to the Partnership or any Limited Partner, could be taken by such Person.", "size": 185, "snippet_links": [{"key": "the-articles-of-incorporation", "type": "clause", "offset": [11, 40]}, {"key": "entered-into", "type": "clause", "offset": [60, 72]}, {"key": "by-the-general-partner", "type": "clause", "offset": [73, 95]}, {"key": "business-interests", "type": "clause", "offset": [283, 301]}, {"key": "business-activities", "type": "definition", "offset": [316, 335]}, {"key": "in-addition-to", "type": "clause", "offset": [336, 350]}, {"key": "to-the-partnership", "type": "clause", "offset": [366, 384]}, {"key": "substantially-similar", "type": "definition", "offset": [430, 451]}, {"key": "the-limited-partners", "type": "clause", "offset": [529, 549]}, {"key": "business-ventures", "type": "clause", "offset": [612, 629]}, {"key": "any-other-person", "type": "definition", "offset": [688, 704]}, {"key": "agreement-or", "type": "definition", "offset": [745, 757]}, {"key": "relationship-established", "type": "clause", "offset": [774, 798]}, {"key": "no-obligation", "type": "definition", "offset": [897, 910]}, {"key": "agreement-to-offer", "type": "clause", "offset": [928, 946]}, {"key": "presented-to", "type": "definition", "offset": [1112, 1124]}], "hash": "8d3466d57ae0faacf70f45b97a012cd0", "id": 3}, {"samples": [{"hash": "ilMqCsha2DK", "uri": "/contracts/ilMqCsha2DK#outside-activities", "label": "Limited Partnership Agreement (Phillips 66 Partners Lp)", "score": 30.5797405243, "published": true}, {"hash": "inxB4UKmFgV", "uri": "/contracts/inxB4UKmFgV#outside-activities", "label": "Partnership Interests Restructuring Agreement (Phillips 66)", "score": 30.5633125305, "published": true}, {"hash": "1gQqQnwT1lh", "uri": "/contracts/1gQqQnwT1lh#outside-activities", "label": "Agreement of Limited Partnership (Landmark Infrastructure Partners LP)", "score": 29.2491436005, "published": true}], "snippet": "(a) The General Partner, for so long as it is the General Partner of the Partnership (i) agrees that its sole business will be to act as a general partner or managing member, as the case may be, of the Partnership and any other partnership or limited liability company of which the Partnership is, directly or indirectly, a partner or member and to undertake activities that are ancillary or related thereto (including being a Limited Partner in the Partnership) and (ii) shall not engage in any business or activity or incur any debts or liabilities except in connection with or incidental to (A) its performance as general partner or managing member, if any, of one or more Group Members or as described in or contemplated by the IPO Registration Statement, (B) the acquiring, owning or disposing of debt securities or equity interests in any Group Member, (C) the guarantee of, and mortgage, pledge, or encumbrance of any or all of its assets in connection with, any indebtedness of any Group Member or (D) the performance of its obligations under the Omnibus Agreement.\n(b) Subject to the terms of Section 7.5(c), each Unrestricted Person (other than the General Partner) shall have the right to engage in businesses of every type and description and other activities for profit and to engage in and possess an interest in other business ventures of any and every type or description, whether in businesses engaged in or anticipated to be engaged in by any Group Member, independently or with others, including business interests and activities in direct competition with the business and activities of any Group Member, and none of the same shall constitute a breach of this Agreement or any duty otherwise existing at law, in equity or otherwise, to any Group Member or any Partner. None of any Group Member, any Limited Partner or any other Person shall have any rights by virtue of this Agreement, any Group Member Agreement, or the partnership relationship established hereby in any business ventures of any Unrestricted Person.\n(c) Subject to the terms of Section 7.5(a) and Section 7.5(b), but otherwise notwithstanding anything to the contrary in this Agreement, (i) the engaging in competitive activities by any Unrestricted Person (other than the General Partner) in accordance with the provisions of this Section 7.5 is hereby approved by the Partnership and all Partners, (ii) it shall be deemed not to be a breach of any duty or any other obligation of any type whatsoever of the General Partner or any other Unrestricted Person for the Unrestricted Persons (other than the General Partner) to engage in such business interests and activities in preference to or to the exclusion of the Partnership and (iii) the Unrestricted Persons shall have no obligation hereunder or as a result of any duty otherwise existing at law, in equity or otherwise, to present business opportunities to the Partnership. Notwithstanding anything to the contrary in this Agreement or any duty otherwise existing at law or in equity, the doctrine of corporate opportunity, or any analogous doctrine, shall not apply to any Unrestricted Person (including the General Partner). No Unrestricted Person (including the General Partner) who acquires knowledge of a potential transaction, agreement, arrangement or other matter that may be an opportunity for the Partnership, shall have any duty to communicate or offer such opportunity to the Partnership, and such Unrestricted Person (including the General Partner) shall not be liable to the Partnership, to any Limited Partner or any other Person bound by this Agreement for breach of any duty by reason of the fact that such Unrestricted Person (including the General Partner) pursues or acquires for itself, directs such opportunity to another Person or does not communicate such opportunity or information to the Partnership, provided that such Unrestricted Person does not engage in such business or activity using confidential or proprietary information provided by or on behalf of the Partnership to such Unrestricted Person.\n(d) The General Partner and each of its Affiliates may acquire Units or other Partnership Interests in addition to those acquired on the Closing Date and, except as otherwise provided in this Agreement, shall be entitled to exercise, at their option, all rights relating to all Units and/or other Partnership Interests acquired by them. The term \u201cAffiliates\u201d when used in this Section 7.5(d) with respect to the General Partner shall not include any Group Member.", "size": 538, "snippet_links": [{"key": "the-general-partner", "type": "definition", "offset": [4, 23]}, {"key": "general-partner-of-the-partnership", "type": "clause", "offset": [50, 84]}, {"key": "sole-business", "type": "clause", "offset": [105, 118]}, {"key": "to-act", "type": "definition", "offset": [127, 133]}, {"key": "a-general", "type": "clause", "offset": [137, 146]}, {"key": "managing-member", "type": "definition", "offset": [158, 173]}, {"key": "the-case", "type": "definition", "offset": [178, 186]}, {"key": "partnership-or-limited-liability-company", "type": "clause", "offset": [228, 268]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [298, 320]}, {"key": "limited-partner", "type": "clause", "offset": [427, 442]}, {"key": "any-business", "type": "definition", "offset": [492, 504]}, {"key": "in-connection-with", "type": 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"clause", "offset": [2898, 2916]}, {"key": "corporate-opportunity", "type": "clause", "offset": [3045, 3066]}, {"key": "knowledge-of", "type": "clause", "offset": [3239, 3251]}, {"key": "potential-transaction", "type": "clause", "offset": [3254, 3275]}, {"key": "other-matter", "type": "clause", "offset": [3303, 3315]}, {"key": "for-breach", "type": "clause", "offset": [3613, 3623]}, {"key": "the-fact", "type": "clause", "offset": [3649, 3657]}, {"key": "another-person", "type": "clause", "offset": [3780, 3794]}, {"key": "provided-that", "type": "clause", "offset": [3871, 3884]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [4010, 4028]}, {"key": "partnership-interests", "type": "clause", "offset": [4152, 4173]}, {"key": "in-addition-to", "type": "clause", "offset": [4174, 4188]}, {"key": "the-closing-date", "type": "clause", "offset": [4207, 4223]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [4229, 4257]}, {"key": "to-exercise", "type": 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any other obligation of any type whatsoever of the Manager or its officers and directors or Affiliates of the Manager or its officers and directors (other than any express obligation contained in any agreement to which such Person and the Company or any Subsidiary of the Company are parties) to engage in outside business interests and activities in preference to or to the exclusion of the Company or in direct competition with the Company; provided the Manager or such officer, director or Affiliate does not engage in such business or activity as a result of or using confidential information provided by or on behalf of the Company to the Manager or such officer, director or Affiliate. 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Neither the Partnership nor any of the Limited Partners shall have any rights by virtue of this Agreement in any such business ventures, 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 communicate or offer any opportunities or interest in any such business ventures, interests and activities to the Partnership or any Limited Partner, even if such opportunity is of a character which, if presented to the Partnership or any Limited Partner, could be taken by such Person, even if it may raise a conflict of interest with the Limited Partners or the Partnership. 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Neither any Group Member, any Limited Partner nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby or thereby in any business ventures of any Group Member or any Indemnitee.\n(c) Subject to the terms of Sections 7.5(a) and 7.5(b), but otherwise notwithstanding anything to the contrary in this Agreement, (i) the engaging in competitive activities by any Group Member or any Indemnitee in accordance with the provisions of this Section 7.5 is hereby approved by the Partnership and all Partners, (ii) it shall be deemed not to be a breach of any fiduciary duties or any other obligation of any type whatsoever of the General Partner for any Group Member or any Indemnitee to engage in such business interests and activities in preference to or to the exclusion of the Partnership and (iii) none of the General Partner, any Group Member nor any Indemnitee shall have any obligation hereunder or as a result of any duty expressed or 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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.", "size": 60, "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [0, 18]}, {"key": "the-charter", "type": "clause", "offset": [25, 36]}, {"key": "including-without-limitation", "type": "clause", "offset": [57, 85]}, {"key": "the-management-agreement", "type": "clause", "offset": [86, 110]}, {"key": "entered-into", "type": "clause", "offset": [112, 124]}, {"key": "by-the-general-partner", "type": "clause", "offset": [125, 147]}, {"key": "business-interests", "type": "clause", "offset": [356, 374]}, {"key": "business-activities", "type": "definition", "offset": [389, 408]}, {"key": "in-addition-to", "type": "clause", "offset": [409, 423]}, {"key": "to-the-partnership", "type": "clause", "offset": [439, 457]}, {"key": "substantially-similar", "type": "definition", "offset": [503, 524]}, {"key": "the-limited-partners", "type": "clause", "offset": [602, 622]}, {"key": "business-ventures", "type": "clause", "offset": [685, 702]}, {"key": "any-other-person", "type": "definition", "offset": [761, 777]}, {"key": "agreement-or", "type": "definition", "offset": [818, 830]}, {"key": "relationship-established", "type": "clause", "offset": [847, 871]}, {"key": "no-obligation", "type": "definition", "offset": [970, 983]}, {"key": "agreement-to-offer", "type": "clause", "offset": [1001, 1019]}, {"key": "presented-to", "type": "definition", "offset": [1184, 1196]}], "hash": "6c37efde97b6c234814e16119012a63b", "id": 10}, {"samples": [{"hash": "aJtIuWNEarX", "uri": "/contracts/aJtIuWNEarX#outside-activities", "label": "Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)", "score": 37.0164260864, "published": true}, {"hash": "2ypGI8ds3Jk", "uri": "/contracts/2ypGI8ds3Jk#outside-activities", "label": "Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)", "score": 31.6173858643, "published": true}, {"hash": "hT4KpNGQLTw", "uri": "/contracts/hT4KpNGQLTw#outside-activities", "label": "Limited Partnership Agreement (Rodin Income Trust, Inc.)", "score": 29.4490070343, "published": true}], "snippet": "Subject to Section 6.8 hereof, the Articles of 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 or stockholder of the General 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. None of the Partnership, Limited Partners 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 which, if presented to the Partnership or any Limited Partner, could be taken by such Person.", "size": 62, "snippet_links": [{"key": "section-68", "type": "clause", "offset": [11, 22]}, {"key": "the-articles-of-incorporation", "type": "clause", "offset": [31, 60]}, {"key": "entered-into", "type": "clause", "offset": [80, 92]}, {"key": "by-the-general-partner", "type": "clause", "offset": [93, 115]}, {"key": "business-interests", "type": "clause", "offset": [324, 342]}, {"key": "business-activities", "type": "definition", "offset": [357, 376]}, {"key": "in-addition-to", "type": "clause", "offset": [377, 391]}, {"key": "to-the-partnership", "type": "clause", "offset": [407, 425]}, {"key": "substantially-similar", "type": "definition", "offset": [471, 492]}, {"key": "limited-partners", "type": "clause", "offset": [560, 576]}, {"key": "any-other-person", "type": "definition", "offset": [580, 596]}, {"key": "agreement-or", "type": "definition", "offset": [637, 649]}, {"key": "relationship-established", "type": "clause", "offset": [666, 690]}, {"key": "business-ventures", "type": "clause", "offset": [710, 727]}, {"key": "no-obligation", "type": "definition", "offset": [789, 802]}, {"key": "agreement-to-offer", "type": "clause", "offset": [820, 838]}, {"key": "presented-to", "type": "definition", "offset": [1004, 1016]}], "hash": "3fc3fc3bce48f27aa8431e07813151cb", "id": 9}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtvdXRzaWRlLWFjdGl2aXRpZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["other-activities", "Other Activities"], ["competition-investments", "Competition/Investments"], ["non-competition", "Non-Competition"], ["activities", "Activities"], ["investments-and-interests", "Investments and Interests"]], "parents": [["management-and-operation-of-business", "Management and Operation of Business"], ["rights-obligations-and-powers-of-the-general-partner", "Rights Obligations and Powers of the General Partner"], ["entity-level-taxation", "Entity-Level Taxation"], ["employment", "Employment"], ["rights-and-obligations-of-limited-partners", "Rights and Obligations of Limited Partners"]], "size": 5896, "title": "Outside Activities", "id": "outside-activities", "related": [["concerted-activities", "CONCERTED ACTIVITIES", "CONCERTED ACTIVITIES"], ["permitted-activities", "Permitted Activities", "Permitted Activities"], ["restricted-activities", "Restricted Activities", "Restricted Activities"], ["competitive-activities", "Competitive Activities", "Competitive Activities"], ["competing-activities", "Competing Activities", "Competing Activities"]], "related_snippets": [], "updated": "2026-07-11T04:25:24+00:00"}, "json": true, "cursor": ""}}