Time Devoted to Business. The Manager shall devote such time to the business of the Company as he in his discretion deems necessary for the efficient operation of the Company’s business. The Manager and any person or entity controlled by, controlling or under common control with the Manager (each such person or entity is defined as an “Affiliate”) may engage or invest in any activity, including, without limitation, those that might be in direct or indirect competition with the Company. Neither the Company nor any Manager shall have any right in or to such other activities or to the income or proceeds derived therefrom.
Appears in 2 contracts
Sources: Subscription Agreement (Extra Space Storage Inc.), Subscription Agreement (Extra Space Storage Inc.)