Common use of Fiduciary Duties of Directors Clause in Contracts

Fiduciary Duties of Directors. Notwithstanding anything herein to the contrary, nothing herein shall affect the ability of Stockholders who are directors of the Company ("Stockholder Directors") to take any action as directors of the Company permissible under the Merger Agreement or as such director may determine to be otherwise necessary to comply with the fiduciary duties as directors of the Company, whether or not such actions are consistent with the obligations of such Persons as Stockholders under this Agreement. Such Stockholder Directors are entering into this Agreement solely in their capacity as stockholders of the Company, and not as directors of the Company.

Appears in 2 contracts

Samples: Stockholders Agreement (Ebay Inc), Stockholders Agreement (Ebay Inc)

AutoNDA by SimpleDocs

Fiduciary Duties of Directors. Notwithstanding anything herein to the ----------------------------- contrary, nothing herein shall affect the ability of Stockholders who are directors of the Company ("Stockholder Directors") to take any action as --------------------- directors of the Company permissible under the Merger Agreement or as such director may determine after consultation with appropriate counsel to be otherwise necessary to comply with the fiduciary duties as directors of the Company, whether or not such actions are consistent with the obligations of such Persons as Stockholders under this Agreement. Such Stockholder Directors are entering into this Agreement solely in their capacity as stockholders of the Company, and not as directors of the Company.

Appears in 1 contract

Samples: Voting Agreement (Baltek Corp)

AutoNDA by SimpleDocs

Fiduciary Duties of Directors. Notwithstanding anything herein to the contrary, nothing herein shall affect the ability of Stockholders who are directors of the Company ("Stockholder Directors") to take any action as directors of the Company permissible under the Merger Letter Agreement, the Security Agreement and the Note, or as such director may determine to be otherwise necessary to comply with the fiduciary duties as directors of the Company, whether or not such actions are consistent with the obligations of such Persons persons as Stockholders under this Agreement. Such Stockholder Directors are entering into this Agreement solely in their capacity as stockholders of the Company, and not as directors of the Company.

Appears in 1 contract

Samples: Stockholders Agreement (Iprint Technologies Inc)

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