Duties of Directors. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Directors shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Public Service Electric & Gas Co), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (Pseg Fossil LLC)
Duties of Directors. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Directors shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of DelawareAct in exercising their rights and performing their duties under this Agreement.
Appears in 5 contracts
Samples: Company Agreement (Entergy Mississippi Inc), Company Agreement (Entergy Arkansas Inc), Company Agreement (Entergy New Orleans, Inc)
Duties of Directors. Except as provided in this Agreement, Agreement in exercising their rights and performing their duties under this Agreement, the Directors Director shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of DelawareDelaware (the “DGCL”).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Entergy Louisiana, LLC), Limited Liability Company Agreement (Entergy Louisiana, LLC)
Duties of Directors. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Directors shall have a fiduciary duty duties of loyalty and care similar to that those of a director of a business corporation organized under the General Corporation Law of the State of Delaware.
Appears in 1 contract
