Common use of Outside Activities of Limited Partners Clause in Contracts

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 38 contracts

Samples: Agreement (ARC Realty Finance Trust, Inc.), Exchange Rights Agreement (Independence Realty Trust, Inc), Agreement (ARC Realty Finance Trust, Inc.)

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Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner Partner, the Special Limited Partner, or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 15 contracts

Samples: Agreement (Inland Residential Properties Trust, Inc.), Agreement (Inland Residential Properties Trust, Inc.), Agreement (American Realty Capital - Retail Centers of America, Inc.)

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner , the Special Limited Partner, or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 14 contracts

Samples: Registration Rights Agreement (American Realty Capital Hospitality Trust, Inc.), Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), Lightstone Value Plus Real Estate Investment Trust III, Inc.

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner, the Special Limited Partner or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 10 contracts

Samples: Agreement (American Realty Capital Healthcare Trust III, Inc.), Form of Agreement (American Realty Capital New York City REIT II, Inc.), Agreement (American Realty Capital Healthcare Trust III, Inc.)

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 5 contracts

Samples: Exchange Rights Agreement (Orion Multifamily Investment Fund Inc), Contribution Agreement (Tower Realty Trust Inc), Exchange Rights Agreement (American Spectrum Realty Inc)

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and subject to any other agreements entered into by the Special Limited Partner, a Limited Partner or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 4 contracts

Samples: Management Agreement (Preferred Apartment Communities Inc), Preferred Apartment Communities Inc, Preferred Apartment Communities Inc

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner , the Special Limited Partner, or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.. 49

Appears in 4 contracts

Samples: Advisory Agreement, Advisory Agreement (American Realty Capital - Retail Centers of America, Inc.), American Finance Trust, Inc

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or any of its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder Shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 4 contracts

Samples: Agreement (HappyNest REIT, Inc.), Form of Agreement (NY Residential REIT, LLC), HappyNest REIT, Inc.

Outside Activities of Limited Partners. (a) Subject to Section 7.7 and any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner Partner, or any of its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner Partner, and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 4 contracts

Samples: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Agreement

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by the Special Limited Partner, a Limited Partner or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 2 contracts

Samples: Management Agreement (Preferred Apartment Communities Inc), Preferred Apartment Communities Inc

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or its Affiliates with the General Partner, Partnership or any of its Subsidiariesa Subsidiary, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder stockholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.and

Appears in 2 contracts

Samples: Amb Property Corp, Amb Property Lp

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Outside Activities of Limited Partners. (ae) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner, the Special Limited Partner or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 2 contracts

Samples: Agreement (American Realty Capital New York City REIT II, Inc.), American Realty Capital Global Trust II, Inc.

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner Partner, the Special General Partner, or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner, the Special General Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited Partner or the Special 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 2 contracts

Samples: Registration Rights Agreement (American Realty Capital Hospitality Trust, Inc.), Hospitality Investors Trust, Inc.

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and subject to any other agreements entered into by a Limited Partner or any of its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 2 contracts

Samples: Form of Agreement (United Realty Trust Inc), United Realty Trust Inc

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or its Affiliates with the Partnership General Partner, the Partnership, HCP or any of its Subsidiariesa Subsidiary, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder stockholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.competition

Appears in 1 contract

Samples: Constructive Ownership Definition (Hanover Capital Holdings Inc)

Outside Activities of Limited Partners. (a) Subject to any agreements entered into pursuant to Section 7.5 hereof and subject to any other agreements entered into by a Limited Partner Partner, any Assignee or its any of their Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 1 contract

Samples: Preferred Apartment Communities Inc

Outside Activities of Limited Partners. (a) Subject a)Subject to any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner or its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.. 36 = 1

Appears in 1 contract

Samples: Form of Exchange Rights Agreement (Independence Realty Trust, Inc)

Outside Activities of Limited Partners. (a) a. Subject to Section 7.7 and any agreements entered into pursuant to Section 7.5 hereof and any other agreements entered into by a Limited Partner Partner, or any of its Affiliates with the Partnership or any of its Subsidiaries, and any Limited Partner Partner, and any officer, director, employee, agent, trustee, Affiliate or shareholder of any Limited 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 that are in direct competition with the Partnership or that are enhanced by the activities of the Partnership.

Appears in 1 contract

Samples: Agreement (Phillips Edison & Company, Inc.)

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