Common use of Duties of Board and Officers Clause in Contracts

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 204 contracts

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Bank One Auto Securitization LLC), Limited Liability Company Agreement (University Club, Inc. (FL))

AutoNDA by SimpleDocs

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 21 contracts

Samples: Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Agreement (Theravance Biopharma, Inc.), Royalty Participation Agreement (Elan Corp PLC)

Duties of Board and Officers. Except to the extent otherwise provided modified herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 12 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Duties of Board and Officers. Except to the extent otherwise ---------------------------- provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability Company Agreement (Sdg&e Funding LLC a De Limited Liability Co), Limited Liability Company Agreement (Sce Funding LLC)

Duties of Board and Officers. Except to the extent otherwise provided ---------------------------- herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability Company Agreement (Greenpoint Asset LLC), Limited Liability Company Agreement (Sierra Pacific Power Co)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty duties of loyalty and care similar identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC), Limited Liability Company Agreement (Energy Future Holdings Corp /TX/), Addendum Agreement (Oncor Electric Delivery Co LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar duties identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Capital One Auto Receivables LLC), Limited Liability Company Agreement (Capital One Auto Receivables LLC), Limited Liability Company Agreement (Wachovia Mortgage Loan Trust, LLC)

Duties of Board and Officers. Except to the extent otherwise provided modified herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar duties identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (American Express Receivables Financing Corp VIII LLC), Limited Liability Company Agreement (American Express Issuance Trust), Limited Liability Company Agreement (United Fidelity Finance LLC)

Duties of Board and Officers. Except to the extent extant otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC)

Duties of Board and Officers. Except to the extent otherwise extend provided herein, each Director and Officer shall have a the fiduciary duty of loyalty and care similar to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (VPNet Technologies, Inc.), Limited Liability Company Agreement (VPNet Technologies, Inc.), Limited Liability Company Agreement (VPNet Technologies, Inc.)

Duties of Board and Officers. Except to the extent Unless otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Operating Agreement (SLM Funding LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of Limited Liability Company Agreement directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 2 contracts

Samples: Connection and Access Agreement (Energy XXI LTD), Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.)

Duties of Board and Officers. Except to the extent otherwise provided modified or eliminated herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar duties identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Dryrock Issuance Trust), Limited Liability Company Agreement (Dryrock Issuance Trust)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware. The Officers may delegate to any other person or entity such authority to act on behalf of the Company as they may deem appropriate.

Appears in 2 contracts

Samples: Ibm Credit LLC (Ibm Credit LLC), Limited Liability Company Agreement (Ibm Credit LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers Officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Wachovia Education Loan Funding LLC), Liability Company Agreement (Pooled Auto Securities Shelf LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware. No director or officer shall at any time serve as trustee in bankruptcy for any Affiliate of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cluett American Corp)

Duties of Board and Officers. Except to as provided in the extent otherwise provided hereinsecond sentence of Section 10, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (WESTMORELAND COAL Co)

Duties of Board and Officers. Except to the extent Unless otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.,

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (SLM Funding LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Managing Trustee and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (Fleet Credit Card Master Trust Ii)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty to the Company and its Member to the same extent as would a director and officer of loyalty and care similar to that of directors and officers of a business corporations corporation organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Trump Indiana Inc)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.. EXHIBIT 3.3 ARTICLE VIII

Appears in 1 contract

Samples: Operating Agreement (U S Timberlands Klamath Falls LLC)

Duties of Board and Officers. Except to the extent otherwise provided modified herein, each Director and Officer shall have a the fiduciary duty of loyalty and care similar to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MAAX Holding Co.)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director director and Officer officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State Commonwealth of DelawarePennsylvania.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Duties of Board and Officers. Except to the extent otherwise provided hereinmodified herein or in the By- Laws, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director the Managers and Officer Officers shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mru Abs Ii LLC)

AutoNDA by SimpleDocs

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty duties of loyalty and care similar identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware. Promptly following the date hereof, the Board will adopt a confidentiality policy elaborating the Directors’ duty of confidentiality to Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Business Corporation Law Act of the State of DelawareConnecticut.

Appears in 1 contract

Samples: Operating Agreement (Pinnacle Towers III LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors Managers and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (American Capital Strategies LTD)

Duties of Board and Officers. Except to the extent otherwise provided hereinspecifically modified by this Agreement, each Director and Officer shall have a the fiduciary duty of loyalty and care similar duties comparable to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Incara Pharmaceuticals Corp)

Duties of Board and Officers. Except to the extent otherwise provided hereinin this Agreement, each Director and Officer shall have a the fiduciary duty of loyalty and care similar to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Operating Agreement (CGG Canada Services LTD)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty duties of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Wachovia Card Receivables LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein---------------------------- specifically modified by this Agreement, each Director and Officer shall have a the fiduciary duty of loyalty and care similar duties comparable to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interneuron Pharmaceuticals Inc)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Business Corporation Law Act of the State of DelawareIllinois.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Insight Enterprises Inc)

Duties of Board and Officers. Except to the extent otherwise provided hereinherein (including, without limitation Section 10), each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Starwood Commercial Mortgage Depositor, LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Operating Agreement (ElderTrust Operating Limited Partnership)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director (excluding the Independent Directors) and Officer shall have a fiduciary duty of loyalty and care similar duties identical to that those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bridgecrest Auto Funding LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Operating Agreement (Ventas Inc)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer shall will have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations a for-profit stock corporation organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Credit Agreement (Curis Inc)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director (including the Exelon Director) and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Asset Sale Agreement (EnergySolutions, Inc.)

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director Manager and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware. Each of the Managers may delegate to any other Person such authority to act on behalf of the Company as such Manager may deem appropriate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ibm International Group Capital LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.