Common use of Other Business Ventures Clause in Contracts

Other Business Ventures. A Manager and any of the Members may engage in or possess an interest in other business ventures of every nature and description independently or with others and neither the Company nor any of the Members thereof shall have any rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Other Business Ventures. A Manager and The Members and/or their respective Affiliates (including, without limitation, any of the Members member or manager thereof) may engage in or possess an interest in other business ventures of every nature and description description, independently or with others others, whether such ventures are competitive with the Company or otherwise; and neither the Company nor any of the other Members thereof shall have any rights right by virtue of this Agreement in and or to such independent ventures or to the income or profits derived therefrom.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VictoryBase Corp), Limited Liability Company Agreement (VictoryBase Corp)

Other Business Ventures. A Manager and any of the The Members may engage in or possess an interest in other business ventures (unconnected with the Company) of every nature kind and description description, independently or with others and neither the others. The Company nor any of the Members thereof shall not have any rights in or to such other ventures or income or profits therefrom by virtue of this Agreement in and to such independent ventures or the income Member’s status as a member of the Company, or profits derived therefromthe manager’s status as a manager of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Worldwide Auto Parts, Inc.), Operating Agreement (Worldwide Auto Parts, Inc.)

Other Business Ventures. A Manager and any of the Members The Member may engage in or possess an interest in other business ventures (unconnected with the Company) of every nature kind and description description, independently or with others and neither the others. The Company nor any of the Members thereof shall not have any rights in or to such other ventures or income or profits there from by virtue of this Agreement in and to such independent ventures or the income or profits derived therefromMember's status as a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)

Other Business Ventures. A Manager The Members and any of the Members managers may engage in or possess an interest in other business ventures (unconnected with the Company) of every nature kind and description description, independently or with others and neither the others. The Company nor any of the Members thereof shall not have any rights in or to such other ventures or income or profits therefrom by virtue of this Agreement in and to such independent ventures or the income Member’s status as a member of the Company, or profits derived therefromthe manager’s status as a manager of the Company.

Appears in 1 contract

Samples: Operating Agreement (Worldwide Auto Parts, Inc.)

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Other Business Ventures. A Manager and any of the Members The Member may engage in or possess an interest in other business ventures (unconnected with the Company) of every nature kind and description description, independently or with others and neither the others. The Company nor any of the Members thereof shall not have any rights in or to such other ventures or income or profits therefrom by virtue of this Agreement in and to such independent ventures or the income or profits derived therefromMember's status as a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)

Other Business Ventures. A Manager and any of The Members (including the Members Managing Member) may engage in or possess an interest in other business ventures of every nature and description description, independently or with others others, whether or not similar to or in competition with the business of the Company, TD Group or any subsidiary thereof, and neither the Company nor any of the other Members thereof shall have any rights right by virtue of this Agreement in and or to such independent other business ventures or to the income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TD Group Holdings, LLC)

Other Business Ventures. A Manager and any of The Members (including the Members Managing-Member) may engage in or possess an interest and own interests in other business ventures of every nature and description independently any nature, whether or not competitive with others the Company, and neither the Company nor any of the Members thereof Member shall have any rights by virtue of right under this Agreement in and to any such independent ventures venture or the income or profits derived therefrom.

Appears in 1 contract

Samples: Operating Agreement (Mathile Clayton L)

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