Common use of Waiver of Fiduciary Duties Clause in Contracts

Waiver of Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duty on the Member, the Manager or any person or entity affiliated with the Member or the Manager. Further, the Member hereby waives any and all fiduciary duties owed by the Member or the Manager that, absent such waiver, may be implied by law, and in doing so, recognizes, acknowledges and agrees that the duties and obligations of members of the Company to one another and to the Company are only as expressly set forth in this Agreement.

Appears in 27 contracts

Samples: Limited Liability Company Agreement (T-Mobile Innovations LLC), Limited Liability Company Agreement (Wcof, LLC), Limited Liability Company Agreement (T-Mobile Innovations LLC)

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Waiver of Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duty on the Member, the Manager Member or any person or entity affiliated with the Member or the ManagerMember. Further, the Member hereby waives any and all fiduciary duties owed by the Member or the Manager that, absent such waiver, may be implied by law, and in doing so, recognizes, acknowledges and agrees that the duties and obligations of members of the Company to one another and to the Company are only as expressly set forth in this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Wcof, LLC), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)

Waiver of Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duty on any of the Member, the Manager Members hereto or any person or entity affiliated with the Member their respective Affiliates or the Manager. Further, the Member Members hereby waives waive any and all fiduciary duties owed by the Member or the Manager that, absent such waiver, may be implied by lawLaw, and in doing so, recognizesrecognize, acknowledges acknowledge and agrees agree that the their duties and obligations of members of the Company to one another and to the Company are only as expressly set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/)

Waiver of Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duty on the MemberMembers, the Manager or any person or entity affiliated with the Member Members or the Manager. Further, the Member Members hereby waives waive any and all fiduciary duties owed by the Member Members or the Manager that, absent such waiver, may be implied by law, and in doing so, recognizes, acknowledges and agrees that the duties and obligations of members of the Company to one another and to the Company are only as expressly set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (T-Mobile Innovations LLC)

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Waiver of Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duty on any of the Member, the Manager Members or any person or entity affiliated with the Member or the Managertheir respective Affiliates. Further, the Member Members hereby waives waive, to the fullest extent permitted by applicable law, any and all fiduciary duties owed by the Member or the Manager that, absent such waiver, may be implied by law, and in doing so, recognizesrecognize, acknowledges acknowledge and agrees agree that the their duties and obligations of members of the Company to one another and to the Company are only as expressly set forth in this Agreement.

Appears in 1 contract

Samples: Operating Agreement

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