Duties of Directors. To the fullest extent permitted by applicable law, including without limitation Section 18-1101(c) of the Act, the fiduciary duty of the Directors, including the Independent Directors, in respect of any decision on any matter referred to in this Agreement shall be owed solely to the Company (including its creditors) and not to the Sole Member or any other holder of an equity interest in the Company as may exist at such time. Each Director shall execute and deliver the Management Agreement.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (PSNH Funding LLC 2), Limited Liability Company Agreement (Bec Funding LLC), Limited Liability Company Agreement (Wmeco Funding LLC)
Duties of Directors. To the fullest extent permitted by applicable law, including without limitation Section 18-1101(c) of the Act, the fiduciary duty of the Directors, including the Independent Directors, in respect of any decision on any matter referred to in this Agreement shall be owed solely to the Company (including its creditors) and not to the Sole Member or any other holder of an equity a limited liability company interest in the Company as may exist at such time. Each Director shall execute and deliver the Management Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (BEC Funding II, LLC), Limited Liability Company Agreement (BEC Funding II, LLC)
