NO FIDUCIARY DUTY definition

NO FIDUCIARY DUTY. No Person serving on the Board of Directors shall incur any personal liability in such capacity to the Member or the creditors of the Company.

Examples of NO FIDUCIARY DUTY in a sentence

  • Code of Ethics and Insider Trading Policies and Procedures February 1, 2008 7 Compliance Department Internal Use Only NO FIDUCIARY DUTY TO USE INSIDE INFORMATION.

  • NO FIDUCIARY DUTY OF TRUSTEE TO HOLDERS OF SENIOR INDEBTEDNESS.....................................................

  • IN ACTING UNDER SUCH POWERS, BANK HAS NO FIDUCIARY DUTY TO THE PLEDGOR.

  • NO FIDUCIARY DUTY BY TRUSTEE TO HOLDERS OF SENIOR DEBT......62 SECTION 1312.

  • NO FIDUCIARY DUTY CREATED TO HOLDERS OF SENIOR INDEBTEDNESS...........................................

  • NO FIDUCIARY DUTY CREATED TO HOLDERS OF SENIOR INDEBTEDNESS..........................48 SECTION 5.13.

  • TRUSTEE HAS NO FIDUCIARY DUTY TO HOLDERS OF SENIOR INDEBTEDNESS OF THE COMPANY............................87 SECTION 1411.

  • NO FIDUCIARY DUTY OF TRUSTEE TO HOLDERS OF SENIOR INDEBTEDNESS............................................68 SECTION 1313.

  • IN ACTING UNDER SUCH POWERS, PAYEE HAS NO FIDUCIARY DUTY TO MAKER.

  • AUTHORIZATION TO EFFECT SUBORDINATION; NO FIDUCIARY DUTY TO HOLDERS OF SENIOR INDEBTEDNESS .

Related to NO FIDUCIARY DUTY

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Fiduciary has the meaning set forth in ERISA Sec. 3(21).

  • Plan Fiduciary As defined in Section 5.3(o).

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • duty means any stamp, transaction or registration duty or similar charge imposed by any Governmental Agency and includes, but is not limited to, any interest, fine, penalty, charge or other amount imposed in respect of the above, but excludes any Tax;

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Serviced Duty means all duties and obligations of the Sellers in a Corporate Trust Capacity under the Serviced Corporate Trust Contract related to each Serviced Appointment, in each case, other than any Retained Duty.

  • Denial of Service Attack means an attack intended by the perpetrator to overwhelm the capacity of a "computer system" by sending an excessive volume of electronic data to such "computer system" in order to prevent authorized access to such "computer system".

  • On duty means that a pharmacist is on the premises at the address of the permitted pharmacy and is available as needed.

  • Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.

  • Non-bank fiduciary or agent means a fiduciary or agent other than (a) a bank, as defined in Section 3(a)(2) of the Securities Act, or (b) a savings and loan association, as defined in Section 3(a)(5)(A) of the Securities Act.

  • Substantially relates means the nature of criminal conduct for which the person was convicted has a direct bearing on the fitness or ability to perform one or more of the duties or responsibilities necessarily related to the occupation; and

  • A grievance means a dispute or disagreement as to the interpretation or application of terms and conditions of employment contained in this Agreement.

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Service Relationship means any relationship as a full-time employee, part-time employee, director or other key person (including Consultants) of the Company or any Subsidiary or any successor entity (e.g., a Service Relationship shall be deemed to continue without interruption in the event an individual’s status changes from full-time employee to part-time employee or Consultant).

  • Responsible individual means an individual who is employed by a licensee and has principal managerial authority over the provision of money services by the licensee in this state.