Common use of Outside Activities of Limited Partners Clause in Contracts

Outside Activities of Limited Partners. Any Limited Partner and any assignee, officer, director, employee, agent, trustee, Affiliate, or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein), and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character that, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Subject to any explicit limitation in this Agreement, any Limited Partner and any assigneeAssignee, officer, director, employee, agent, trustee, Affiliate, member or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneeAssignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein)Person, and such Person shall have no obligation pursuant to this Agreement Agreement, to offer any interest in any such business ventures to the Partnership, any Limited Partner Partner, or any such other Person, even if such opportunity is of a character that, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Partner and any assignee, officer, director, partner, employee, agent, trustee, Affiliate, affiliate or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneePartner. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein), and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Subject to any agreements entered into by a Limited Partner or its Affiliates with a General Partner, the Partnership or any Affiliate thereof (including any employment agreement), any Limited Partner and any assigneeAssignee, officer, director, employee, agent, trustee, Affiliate, member or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneeAssignee. None Subject to such agreements, none of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the a General Partner, to the extent expressly provided herein), and such Person shall have no obligation pursuant to this Agreement Agreement, subject to any other agreements entered into by a Limited Partner or its Affiliates with a General Partner, the Partnership or any Affiliate thereof, to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character that, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Partner (including, without limitation, LP Holdings and any assignee, other Affiliate of the General Partner which is a Limited Partner in the Partnership) and any officer, director, employee, agent, trustee, Affiliate, Affiliate or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneeAssignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein), and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Subject to the terms and provisions hereof, it is agreed that any Partner (General and/or Limited) and any assignee, Affiliate of any Partner (including any officer, director, employee, agent, trustee, Affiliate, or Equity Constituent representative of any Limited Partner 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner Partners shall have any rights rights, claims, or interests by virtue of this Agreement or any relationships, duties or obligations hereunder (including, but not limited to, any fiduciary or similar duties created by this Agreement, under the Act, or otherwise existing at law or in equity) in any business ventures or investments of any Limited General Partner or assigneeLimited Partner, or any Affiliate of any of the foregoing. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein)Person, and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, Person could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Partner and any assignee, officer, director, employee, agent, trustee, Affiliate, Affiliate or Equity Constituent 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneeAssignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (Person, other than the Limited Partners benefitting from the business conducted by the General Partner, to the extent provided herein), and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Partner (including, without limitation, any Affiliate of the General Partner which is a Limited Partner in the Partnership) and any assignee, officer, director, employee, agent, trustee, Affiliate, partner, beneficiary or Equity Constituent 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 or indirect competition with the Partnership Partnership, the General Partner or that are enhanced by the activities of the Partnership. Neither their Affiliates; neither the Partnership nor any Partner Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assigneeAssignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein)Person, and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.

Outside Activities of Limited Partners. Any Limited Subject to the terms and provisions hereof, it is agreed that any Partner (General and/or Limited) and any assignee, Affiliate of any Partner (including any officer, director, employee, agent, trustee, Affiliate, or Equity Constituent representative of any Limited Partner 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 or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner Partners shall have any rights rights, claims, or interests by virtue of this Agreement or any relationships, duties or obligations hereunder (including, but not limited to, any fiduciary or similar duties created by this Agreement, under the Act, or otherwise existing at law or in equity) in any business ventures or investments of any Limited General Partner or assigneeLimited Partner, or any Affiliate of any of the foregoing. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership Partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein)Person, and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character thatwhich, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.if

Outside Activities of Limited Partners. Any Limited Partner and any assignee, officer, director, employee, agent, trustee, Affiliate, or Equity Constituent 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 that, are in direct or indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or assignee. None of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person (other than the General Partner, to the extent provided herein), and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character that, if presented to the Partnership, any Limited Partner or such other Person, could or would be taken by such Person.