Common use of Outside Interests Clause in Contracts

Outside Interests. The Members, each 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, no such other business venture or investment opportunity shall be in violation of any non-competition, confidential information and work product agreement executed by and between the LLC and any Member or Manager. Neither the LLC nor any other Member or any Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 2 contracts

Sources: Series C Preferred Share Purchase Agreement (China Rapid Finance LTD), Series C Preferred Share Purchase Agreement (China Rapid Finance LTD)

Outside Interests. The Members, each ManagerDirector, 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 non-competitionnoncompetition, confidential information and work product agreement executed by and between the LLC Company and any Member or ManagerDirector. Neither the LLC Company nor any other Member or any Manager Director shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 2 contracts

Sources: Series C Preferred Share Purchase Agreement (China Rapid Finance LTD), Series C Preferred Share Purchase Agreement (China Rapid Finance LTD)

Outside Interests. The Members, each the 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 non-competition, confidential information and work product agreement executed by and between the LLC and any Member or ManagerLLC. Neither the LLC nor any other Member or any Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

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

Outside Interests. The Members, each 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 of any written non-competition, confidential information and work product competition agreement executed by and between the LLC Company and any such Member or Manager. Neither the LLC Company nor any other Member or any Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Geno LLC)

Outside Interests. The Members, each the 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 non-competitionthe LLC, confidential information and work product agreement executed by and between the LLC and any Member except for activities required or Managerpermitted under franchisee agreements. Neither the LLC nor any other Member or any Manager shall have any rights in or to such ventures or opportunities or the income or profits therefrom.

Appears in 1 contract

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