Common use of Fiduciary Duties Clause in Contracts

Fiduciary Duties. To the extent that, at law or in equity, a Member, Manager, or agent of the Company or a director, officer, employee or Affiliate of such person (each, a “Covered Person”) has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to the Member for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Member to replace such other duties and liabilities of such Covered Person. ARTICLE TWELVE

Appears in 42 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2012-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-2 Owner Trust)

AutoNDA by SimpleDocs

Fiduciary Duties. To the extent that, at law or in equity, a Member, Manager, or agent of the Company or a director, officer, employee or Affiliate of such person (each, a “Covered Person”) has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to the any Member for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Member Members to replace such other duties and liabilities of such Covered Person. ARTICLE TWELVE

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Lease Trust 2007-A), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt)

Fiduciary Duties. To the extent that, at law or in equity, a Member, Manager, or agent of the Company or a director, officer, employee or Affiliate of such person (each, a “Covered Person”) has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to the Member for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Member to replace such other duties and liabilities of such Covered Person. ARTICLE TWELVE.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2011-3 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2011-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-1 Owner Trust)

Fiduciary Duties. To the extent that, at law or in equity, a Member, Manager, or agent of the Company or a director, officer, employee or Affiliate of such person (each, a "Covered Person") has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to the any Member for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Member Members to replace such other duties and liabilities of such Covered Person. ARTICLE TWELVE.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Lease Trust 2003-A)

AutoNDA by SimpleDocs

Fiduciary Duties. To the extent that, at law or in equity, a Member, Manager, or agent of the Company or a director, officer, employee or Affiliate of such person (each, a "Covered Person") has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to the any Member for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or or- in equity, are agreed by the Member Members to replace such other duties and liabilities of such Covered Person. ARTICLE TWELVE.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC)

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