Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers 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 8 contracts
Samples: Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers shall have a fiduciary duty of loyalty and care similar to that of a director directors of a business corporation organized under the General Corporation Law of the State of Delaware.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (JCP&L Transition Funding II LLC), Limited Liability Company Agreement (RSB Bondco LLC)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers 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 DelawareNew Jersey Business Corporation.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, Agreement the Managers 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 1 contract
Samples: Limited Liability Company Agreement (Entergy Corp /De/)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers 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 “General Corporation Law”).
Appears in 1 contract
Samples: Limited Liability Company Agreement (CIT Group Funding CO of Canada)
Duties of Managers. Except as provided in this Agreement, Agreement in exercising their rights and performing their duties under this Agreement, the Managers Manager 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 1 contract
Samples: Limited Liability Company Agreement (Entergy Corp /De/)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers shall have a fiduciary duty of loyalty and care similar to the Company comparable to that of a director of a business corporation organized under the General New Jersey Business Corporation Law of the State of DelawareAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)
Duties of Managers. Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers 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 DelawareDGCL.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GE Capital Funding, LLC)
