UST’s Outside Activities Sample Clauses

UST’s Outside Activities. (a) UST shall be entitled to and may have interests and engage in activities in addition to those relating to the Partnership, including interests and activities in direct competition with the Partnership and the entities in which the Partnership invests and may engage in transactions with, and provide services or financing to, the Partnership or any such entity. For the avoidance of doubt, UST (in its capacity as a Limited Partner or a lender) may invest in and provide financing to other PPIFs or other investment vehicles that may invest in Eligible Assets. None of the Partnership, any other Partner or any other Person shall have any rights by virtue of this Agreement in any ventures of any Limited Partner. (b) Each Partner acknowledges that UST reserves all immunities, defenses, rights or actions arising out of either UST’s status as an instrumentality of a sovereign state or entity or under the United States Constitution, and that no waiver of any such immunities, defenses, rights or actions shall be implied or otherwise deemed to exist by UST’s entry into this Agreement, by any express or implied provision hereof, or by any action or omission by UST or one of UST’s representatives or agents, whether taken pursuant to this Agreement or prior to or after UST’s admission to the Partnership. Each Partner also acknowledges that UST’s admission to the Partnership as a Limited Partner in no way limits any future exercise of authority by the government of the United States and UST assumes no liability, either express or implied, resulting from the future exercise of authority by the government of the United States.