Common use of Other Business Ventures Clause in Contracts

Other Business Ventures. The Member and any manager may engage in or possess an interest in any other business venture of any nature or description, independently or with others, whether or not similar to or in competition with the business of the Company. No manager shall be required to devote all such manager’s time or business efforts to the affairs of the Company, but shall devote so much of such manager’s time and attention to the Company as is reasonably necessary and advisable to manage the affairs of the Company to the best advantage of the Company.

Appears in 31 contracts

Samples: Limited Liability Company Agreement (Catenary Coal Holdings Inc), Limited Liability Company Agreement (Catenary Coal Holdings Inc), Limited Liability Company Agreement (ICG Knott County, LLC)

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