Common use of Duties of Managers Clause in Contracts

Duties of Managers. The Managers shall have the same duties to the Company that they would have under the law of the State of Delaware if the Company were a corporation and the Managers were its directors.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Duke Capital LLC), Limited Liability Company Agreement (Mueller Group, Inc.), Limited Liability Company Agreement (Mueller Water Products, Inc.)

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Duties of Managers. The Except as otherwise expressly provided herein, the Managers shall have the same duties to the Company that they would have under the law of the State of Delaware if the Company were a corporation and the Managers were its directors.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Hanover Capital Mortgage Holdings Inc), Limited Liability Company Agreement (Hanover Capital Mortgage Holdings Inc), Limited Liability Company Agreement (Hanover Capital Mortgage Holdings Inc)

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Duties of Managers. The Except as otherwise expressly provided herein, the Managers shall have the same duties to the Company and the Member that they would have under the law of the State of Delaware if the Company were a corporation and the Managers were its directors.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC)

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