Common use of Outside Interests Clause in Contracts

Outside Interests. The Members, each Director, and any Affiliates of any of them may engage in and possess interests in other business ventures and investment opportunities of every kind and description, independently or with others, including without limitation serving as manager and general partner of other limited liability companies and partnerships; provided, however, that, if applicable, no such other business venture or investment opportunity shall be in violation of any noncompetition, confidential information and work product agreement executed by and between the Company and any Member or Director. Neither the Company nor any other Member or any Director shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 2 contracts

Samples: Indemnification Agreement (China Rapid Finance LTD), Indemnification Agreement (China Rapid Finance LTD)

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Outside Interests. The Members, each Directorthe Manager, and any Affiliates of any of them may engage in and possess interests in other business ventures and investment opportunities of every kind and description, independently or with others, including without limitation serving as manager and general partner of other limited liability companies and partnerships; provided, however, that, if applicable, that no such other business venture or investment opportunity shall be in violation direct competition with the business and activities of any noncompetitionthe LLC, confidential information and work product agreement executed by and between the Company and any Member except for activities required or Directorpermitted under franchisee agreements. Neither the Company LLC nor any other Member or any Director Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc)

Outside Interests. The Members, each Directorthe Managers, and any Affiliates of any of them may engage in and possess interests in other business ventures and investment opportunities of every kind and description, independently or with others, including without limitation serving as manager and general partner of other limited liability companies and partnerships; provided, however, that, if applicable, that no such other business venture or investment opportunity shall be in violation direct competition with the business and activities of any noncompetition, confidential information and work product agreement executed by and between the Company and any Member or DirectorLLC. Neither the Company LLC nor any other Member or any Director Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc)

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Outside Interests. The Members, each DirectorManager, and any Affiliates of any of them may engage in and possess interests in other business ventures and investment opportunities of every kind and description, independently or with others, including without limitation serving as manager and general partner of other limited liability companies and partnerships; provided, however, that, if applicable, that no such other business venture or investment opportunity shall be in violation of any noncompetition, confidential information and work product written non-competition agreement executed by and between the Company and any such Member or DirectorManager. Neither the Company nor any other Member or any Director Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Geno LLC)

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