Common use of Time Devoted to Business Clause in Contracts

Time Devoted to Business. It is understood and agreed that each of ------------------------ the Managers and the persons designated as President and Secretary are active in the business of GPUI or API, as the case may be, and shall devote only such time to the Corporation's business as they, in their sole and absolute discretion, deem necessary and appropriate. The Managers and every Member shall at all times be free to engage for his, her or its own account in all aspects of any other business or investment, whether similar or dissimilar to the business of the Company, and neither the Company nor any other Member shall have any claim or right to the assets or profits related to such other business or investment.

Appears in 1 contract

Sources: Operating Agreement (Astropower Inc)

Time Devoted to Business. It is understood and agreed that each of ------------------------ the Managers and the persons designated as President and Secretary are active in the business of GPUI or API, as the case may be, and shall devote only such time to the Corporation's business as they, in their sole and absolute discretion, deem necessary and appropriate. The Managers and every Member shall at all times be free to engage for his, her or its own account in all aspects of any other business or investment, whether similar or dissimilar to the business of the Company, and neither the Company nor any other Member shall have any claim or right to the assets or profits related to such other business or investment.

Appears in 1 contract

Sources: Operating Agreement (Gpu Inc /Pa/)