Common use of Duties of Directors Clause in Contracts

Duties of Directors. A director shall perform his duties as a director, including his duties as a member of any committee of the board upon which he may serve, in good faith, in a manner he reasonably believes to be in the best interests of the Corporation, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing his duties, a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Accentia Biopharmaceuticals Inc), Agreement and Plan of Reorganization (Nexgen Vision Inc)

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Duties of Directors. A director Director shall perform his duties as a directorDirector, including his duties as a member of any committee of the board Board upon which he may serve, in good faith, in a manner he reasonably believes to be in the best interests of the Corporation, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing his duties, a director Director shall be entitled to rely on information, opinions, reports or statements, including financial financial. statements and other financial data, in each case prepared or presented by:

Appears in 2 contracts

Samples: Credit and Security Agreement (Neogenomics Inc), Revolving Credit and Security Agreement (Neogenomics Inc)

Duties of Directors. A director shall perform his duties as a director, including his duties as a member of any committee of the board Board upon which he may serve, in good faith, in a manner he reasonably believes to be in the best interests of the Corporation, Corporation and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing his duties, a director shall be entitled to rely on informationInformation, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:

Appears in 1 contract

Samples: Share Purchase and Sale Agreement (Dragon's Lair Holdings, Inc.)

Duties of Directors. A director shall perform his duties as a director, including his duties as a member of any committee of the board upon which he may serveserves, in good faith, in a manner he reasonably believes to be in the best interests of the Corporation, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing his duties, a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Applica Inc)

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Duties of Directors. A director shall perform his duties as ------------------------------- a director, including his duties as a member of any committee of the board upon which he may serveserves, in good faith, in a manner he reasonably believes to be in the best interests of the Corporation, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing his duties, a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:.

Appears in 1 contract

Samples: Escrow Agreement (Charys Holding Co Inc)

Duties of Directors. A director shall perform his duties as a director, including his duties as a member of any committee of the board upon which he may serve, in good faith, in a manner he reasonably believes to be in the best interests of the Corporationcorporation, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. In performing A director who performs his duties, duties in compliance with this section shall have no liability by reason of being or having been a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:of the corporation.

Appears in 1 contract

Samples: Plan of Exchange (Moving Box Inc)

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