Common use of Outside Interests Clause in Contracts

Outside Interests. The Managers shall not be required to manage the Company as their sole and exclusive function and the Managers may engage, invest and participate in, and otherwise enter into, other business ventures of any kind, nature and description individually and with others, whether or not any such business venture competes with the business of the Company, and neither the Company, the Managers nor the Sole Member shall have any right in or to any such activities or the income or profits derived therefrom.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Broadview Networks Holdings Inc), Limited Liability (Broadview Networks Holdings Inc), Limited Liability (Broadview Networks Holdings Inc)

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Outside Interests. The Managers A Manager shall not be required to manage the Company as their such Manager’s sole and exclusive function function, and the Managers a Manager may engage, invest and participate in, in and otherwise enter into, into other business ventures of any kind, nature and description or description, individually and or with others, whether or not any such business venture competes with the business of the Company, and neither the Company, the Managers Company nor the Sole any Member shall have any right in or to any such activities or the income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (American Realty Capital Trust, Inc.)

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