Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the Independent Managers) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 32 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the Independent Managers) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (DTE Electric Securitization Funding I LLC), Limited Liability Company Agreement (Entergy Arkansas Restoration Funding, LLC), Limited Liability Company Agreement (Entergy Texas Restoration Funding, LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the an Independent ManagersManager) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Virginia Power Fuel Securitization, LLC), Limited Liability Company Agreement (Virginia Power Fuel Securitization, LLC), Limited Liability Company Agreement (Consumers 2023 Securitization Funding LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Each Manager (other than the Independent Managers) and officer of the Company shall have has a fiduciary duty of loyalty and care similar to that of directors and officers of for profit business corporations organizations organized under the General Corporation Law of the State of Delaware.
Appears in 8 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (CAB East LLC)
Duties of Managers and Officers. Except to the extent otherwise provided hereinin this Agreement, each Manager (other than the Independent Managers) and officer Authorized Officer of the Company shall will have a fiduciary duty of loyalty and care similar to that of directors and officers of for profit business corporations organizations organized under the General Corporation Law of the State of Delaware.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (GMF Floorplan Owner Revolving Trust), Limited Liability Company Agreement
Duties of Managers and Officers. Except to the extent otherwise provided hereinin this Agreement, each Manager (other than the Independent Managers) and officer Authorized Officer of the Company shall will have a fiduciary duty of loyalty and care similar identical to that those of directors and officers of for profit business corporations organizations organized under the General Corporation Law of the State of Delaware.. ARTICLE FIVE CAPITAL STRUCTURE, CONTRIBUTIONS AND DISTRIBUTIONS
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Trucks Retail Receivables LLC), Limited Liability Company Agreement (Daimler Trust)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the Independent Managers) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of for profit business corporations organizations organized under the General Corporation Corporate Law of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Duties of Managers and Officers. Except to the extent otherwise provided hereinin this Agreement, each Manager (other than the Independent Managers) and officer of the Company shall have has a fiduciary duty of loyalty and care similar to that of directors and officers of for profit business corporations organizations organized under the General Corporation Corporate Law of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Floorplan Corp), Limited Liability Company Agreement (Triad Financial Special Purpose LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the each Independent ManagersManager) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Entergy Texas, Inc.), Limited Liability Company Agreement (Entergy Texas, Inc.), Limited Liability Company Agreement (Entergy Texas Restoration Funding II, LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the Independent ManagersManager) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Evergy Missouri West Storm Funding I, LLC), Limited Liability Company Agreement (Evergy Missouri West Storm Funding I, LLC), Limited Liability Company Agreement (WEPCo Environmental Trust Finance I, LLC)
Duties of Managers and Officers. Except to the extent otherwise provided modified herein, each Manager (other than the Independent Managers) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (RSB Bondco LLC), Limited Liability Company Agreement (RSB Bondco LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (other than the excluding each Independent ManagersManager) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DTE Electric Securitization Funding II LLC), Limited Liability Company Agreement (DTE Electric Securitization Funding II LLC)
Duties of Managers and Officers. Except to the extent ------------------------------- otherwise provided herein, each Manager (other than the Independent Managers) and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Agreement (PPL Energy Supply LLC)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Each Manager (other than the Independent Managers) and officer of the Company Officer shall have a fiduciary duty of loyalty and care similar to that of directors a director and officers officer, respectively, of business corporations organized under the General Corporation Law of the State of Delaware.
Appears in 1 contract
