Common use of Fiduciary Responsibilities Clause in Contracts

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 9 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 7 contracts

Samples: Operating Agreement, Mississippi Single Member Limited Liability Company Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, Members are presumed to act in the Member acts in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 10.50.135 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

Samples: Alaska Operating Agreement, Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 605.04091 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

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

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 409 of the Law or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

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

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 18-406 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, secretaryofstate.com

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant The Member acts in good faith if acting pursuant to Section 00-00-000 of the Act, the Member acts in good faith if acting Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 007-0080-000 404 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 3 contracts

Samples: secretaryofstate.com, Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 15-3 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 42:2C-39 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 347.088 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 12:1314 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00428-00-000 409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 42:2C-39 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 322C.0409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 17704.09 of the Act, Members are presumed to act in the Member acts in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 18-406 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 10A-5A-4.08 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0017-00-000 76,134 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0015-00-000 3 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 10A-5A-4.08 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 275.170 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 8849.1 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 86.298 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 7.001 of the ActCode and Section 101.401 of the Law, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00Sections 23-0018-000 2-2 and 23-18-4-10 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00000-000 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Sections 1706.08 and 1706.31 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0017-00-000 76,134 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0029-00-000 3409 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant The Member is presumed to Section 00-00-000 act in the best interest of the Actcompany, the Member acts in good faith if acting with a view to the interests absent evidence of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 605.04091 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0053-0019-000 16 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Consistent with Section 0013.1-00-000 1024.1 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Sections 23-18-2-2 and 23-18-4-10 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 409 of the Law or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 4059 of the ActStatutes, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0035-008-000 310 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to care described in Section 0048-00-000 3a-409 of the Act, the Member acts in good faith if acting with a view subject to the interests limitations and clarifications applicable to such fiduciary duties set forth in this Agreement. The Member is presumed to act in the best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0034-00-000 255h of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Connecticut Limited Liability Company, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 63.155 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 1559 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise under similar circumstances in similar circumstanceslike positions.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 004-0038-000 409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 63 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 63 of the Act, Members are presumed to act in the Member acts in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 10.50.135 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0035-008-000 310 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 86.298 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 63.155 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00Sections 18-002016 and 18-000 2017 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 428-409 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00Sections 304-00C:108 and 304-000 C:110 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00Sections 18-002016 and 18-000 2017 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Sections 1706.08 and 1706.31 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 29–804.09 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00Sections 304-00C:108 and 304-000 C:110 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 4059 of the ActStatutes, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 15115(D) of the ActAct and Section 25404 of the Law, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 17704.09 of the Act, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0031B-4-00-000 409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0053-0019-000 16 of the Act, Members are presumed to act in the Member acts in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 12:1314 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 489.409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 25.15.038 of the ActCode, the Member acts is presumed to act in good faith if acting with a view to the interests best interest of the limited liability company and company, absent evidence of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstancesgross negligence or willful misconduct.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0021-00-000 138 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 007-0016-000 17 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 183.0402 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 450.4404 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 004-0038-000 409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 347.088 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 489.409 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 4A-402 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0010-0032.1-000 41 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Consistent with Section 0013.1-00-000 1024.1 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 322C.0409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0021-00-000 138 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 Sections 3564 and 3977 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 450.4404 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 007-0016-000 17 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 7.001 of the Code and Section 101.401 of the Law or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0010-0032.1-000 41 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0034-00-000 255h of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 29–804.09 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 183.0402 of the ActLaw, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 of the Act, the The Member acts in good faith if acting pursuant to Section 8849.1 of the Act or with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00000-000 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0057D-3-00-000 21 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 Sections 3564 and 3977 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0047-00-000 34A-409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 275.170 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 00-00-000 1559 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise under similar circumstances in similar circumstanceslike positions.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each The Member shall will exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0057D-3-00-000 21 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

Fiduciary Responsibilities. Each Member shall exercise all powers and perform all duties in good faith and shall act in all matters consistent with the duty of loyalty and the duty of care. Pursuant to Section 0031B-4-00-000 409 of the Act, the Member acts in good faith if acting with a view to the interests of the limited liability company and of the members and with the degree of diligence, care and skill that ordinarily prudent persons would exercise in similar circumstances.

Appears in 1 contract

Samples: Operating Agreement

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