Common use of Duties of Officers and Directors Clause in Contracts

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors by the Officers of the Company and by members of the Board of Directors of the Company shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directors, respectively.

Appears in 31 contracts

Samples: Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (Duncan Energy Partners L.P.)

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Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement or in the MLP Partnership Agreement, the duties and obligations owed to the Company and to the Board of Directors by the Officers of the Company and by members of the Board of Directors of the Company shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directors, respectively.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Eagle Rock Energy Partners L P), Limited Liability Company Agreement (DCP Midstream Partners, LP), Limited Liability Company Agreement (DCP Midstream Partners, LP)

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement or in the MLP Partnership Agreement, the duties and obligations owed to the Company and to the Board of Directors by the Officers of the Company and by members of the Board of Directors of the Company shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law law by its officers and directors, respectively.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP)

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors Members by the Officers of the Company and by members of the Board Board, and any such duties that may be owed by any Member or by any affiliate of Directors of the Company any Member, shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directorsdirectors and any such duties that may be owed to such corporation by any similarly situated stockholder or affiliate thereof, respectively.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Aes Red Oak LLC), Limited Liability Company Agreement (Aes Ironwood LLC)

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement or in the MLP Partnership Agreement, the duties and obligations owed to the Company and to the Board of Directors by the Officers of the Company and by members of the Board of Directors of the Company shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directors, respectively.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (EV Energy Partners, LP), Limited Liability Company Agreement (EV Energy Partners, LP)

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Duties of Officers and Directors. Except as otherwise specifically -------------------------------- provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors Shareholders by the Officers of the Company and by members of the Board of Directors of the Company Company, and any such duties that may be owed by any Shareholder or by any affiliates of any Shareholder, shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directorsdirectors and any such duties that may be owed to such corporation by any similarly situated stockholder or affiliate thereof, respectively.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New Millennium Homes LLC)

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors Shareholders by the Officers of the Company and by members of the Board Board, and any such duties that may be owed by any Shareholder or by any affiliate of Directors of the Company any Shareholder, shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directorsdirectors and any such duties that may be owed to such corporation by any similarly situated Shareholder or affiliate thereof, respectively.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Acco Brands Corp)

Duties of Officers and Directors. Except as otherwise specifically provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors Member by the Officers of the Company and by members of the Board of Directors Board, and any such duties that may be owed by the Member or by any affiliate of the Company Member, shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directorsdirectors and any such duties that may be owed to such corporation by any similarly situated Member or affiliate thereof, respectively.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ACCO International Holdings, Inc.)

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