Duties of Officers and Directors. (a) Except as otherwise specifically provided in Sections 6.6, 6.7 and 6.8, the duties and obligations owed to the Company and to the Members by the Officers and Directors, and any such duties that may be owed by any Member or by any Affiliates of any Member, shall be the same as the respective duties and obligations owed to a corporation organized under GCLD by its officers and directors and any such duties that may be owed to such corporation by any similarly situated stockholder or Affiliate thereof, respectively.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Eott Energy Finance Corp), Limited Liability Company Agreement (Eott Energy LLC), Limited Liability Company Agreement (Eott Energy LLC)
Duties of Officers and Directors. (a) Except as otherwise specifically provided in Sections 6.6Section 5.6, 6.7 Section 5.7 and 6.8Section 5.8, the duties and obligations owed to the Company and to the Members Shareholders by the Officers and DirectorsDirectors of the Company, and any such duties that may be owed by any Member Shareholder or by any Affiliates of any MemberShareholder, shall be the same as the respective duties and obligations owed to a corporation organized under the GCLD by its officers and directors 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 (Kaneb Services LLC), Kaneb Services LLC
Duties of Officers and Directors. (a) Except as otherwise specifically provided in Sections 6.6Section 5.6, 6.7 Section 5.7 and 6.8Section 5.8, the duties and obligations owed to the Company and to the Members Shareholders by the Officers and DirectorsDirectors of the Company, and any such duties that may be owed by any Member Shareholder or by any Affiliates of any MemberShareholder, shall be the same as the respective duties and obligations owed to a corporation organized under the GCLD by its officers and directors 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 (Trenwick America LLC)