Common use of Waiver of Fiduciary Duties Clause in Contracts

Waiver of Fiduciary Duties. (a) To the fullest extent permitted by applicable Law, the Covered Persons shall have no duty, fiduciary or otherwise, in their capacity as Stockholders to the Group or any other Stockholder in its capacity as a Stockholder. To the extent that, under applicable Law, a Covered Person has duties, including fiduciary duties (and liabilities arising from breach thereof), to a member of the Group or another Stockholder that are not waivable pursuant to the first sentence of this Section 6.02(a), such Covered Person shall not be liable to any member of the Group or any other Stockholder for its good faith reliance on the provisions of this Agreement.

Appears in 7 contracts

Samples: Stock Purchase Agreement (CD&R Univar Holdings, L.P.), Stockholders Agreement (Univar Inc.), Stock Purchase Agreement (Temasek Holdings (Private) LTD)

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Waiver of Fiduciary Duties. (a) To the fullest extent permitted by applicable Law, the Covered Persons shall have no duty, fiduciary or otherwise, in their capacity as Stockholders to the Group or any other Stockholder in its capacity as a Stockholder. To the extent that, under applicable Law, a Covered Person has duties, including fiduciary duties (and liabilities Table of Contents arising from breach thereof), to a member of the Group or another Stockholder that are not waivable pursuant to the first sentence of this Section 6.02(a), such Covered Person shall not be liable to any member of the Group or any other Stockholder for its good faith reliance on the provisions of this Agreement.

Appears in 1 contract

Samples: Stockholders Agreement (CD&R Univar Holdings, L.P.)

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