Common use of Duties of Managers Clause in Contracts

Duties of Managers. Each Manager shall perform its duties as Manager in good faith and in a manner consistent with its fiduciary duty. In performing such duties, the Manager shall be entitled to rely on information, opinions, reports, or statements (including, without limitation, financial statements and other financial data) in each case prepared by:

Duties of Managers. Each Manager shall perform his, her, or its duties as a Manager in good faith and with that degree of care that an ordinarily prudent Person in a manner consistent with its fiduciary dutylike position would use under similar circumstances. In performing such duties, the each Manager shall be entitled to rely on information, opinions, reports, or statements (including, without limitation, financial statements and other financial data) in each case prepared by: