Common use of Duties of Board and Officers Clause in Contracts

Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the DGCL.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hyundai Abs Funding LLC), Limited Liability Company Agreement (Hyundai Abs Funding LLC)

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Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the DGCLTitle 7 of the NRS.

Appears in 1 contract

Samples: Operating Agreement (WDS Receivables LLC)

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Duties of Board and Officers. Except to the extent otherwise provided herein, each Director and Officer shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the DGCLGCL.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fleet Home Equity Loan Corp)

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