Common use of DISCLAIMER OF DUTIES; INDEMNIFICATION Clause in Contracts

DISCLAIMER OF DUTIES; INDEMNIFICATION. EXCEPT AS OTHERWISE PROVIDED SECTION 7.1 AND SUCH DUTIES TO THE COMPANY AS ARE IMPOSED BY APPLICABLE LAW, EACH REPRESENTATIVE SHALL REPRESENT, AND OWE DUTIES TO, ONLY THE MEMBER THAT DESIGNATED SUCH REPRESENTATIVE (THE NATURE AND EXTENT OF SUCH DUTIES BEING AN INTERNAL CORPORATE AFFAIR OF SUCH MEMBER), AND NOT TO THE COMPANY, ANY OTHER MEMBER OR REPRESENTATIVE, OR ANY OFFICER OR EMPLOYEE OF THE COMPANY.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Agl Resources Inc), Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)

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DISCLAIMER OF DUTIES; INDEMNIFICATION. EXCEPT AS OTHERWISE PROVIDED UNDER SECTION 7.1 AND SUCH DUTIES TO THE COMPANY AS ARE IMPOSED BY APPLICABLE LAW, EACH REPRESENTATIVE SHALL REPRESENT, AND OWE DUTIES TO, ONLY THE MEMBER THAT DESIGNATED SUCH REPRESENTATIVE (THE NATURE AND EXTENT OF SUCH DUTIES BEING AN INTERNAL CORPORATE AFFAIR OF SUCH MEMBER), AND NOT TO THE COMPANY, ANY OTHER MEMBER OR REPRESENTATIVE, OR ANY OFFICER OR EMPLOYEE OF THE COMPANY.

Appears in 2 contracts

Samples: Admission Agreement (Piedmont Natural Gas Co Inc), Services Agreement (Agl Resources Inc)

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