Common use of Time and Services Clause in Contracts

Time and Services. The Manager is not required to manage AVGF and its Series as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to AVGF and its Series. The Manager will devote such time and services to AVGF and its Series as it deems necessary for the efficient conduct of AVGF and Series business, but it will not be required to devote full time to the performance of such duties, nor will it be prevented from engaging in other activities for profit.

Time and Services. The Manager is not required to manage AVGF and its Series as its sole and exclusive function and may have other business interests and may engage in other activities in addition to those relating to AVGF and its Series. The Manager will devote such time and services to AVGF and its Series as it deems necessary for the efficient conduct of AVGF and AVGFand Series business, but it will not be required to devote full time to the performance of such duties, nor will it be prevented from engaging in other activities for profit.