Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 39 contracts
Samples: Limited Liability Company Agreement (Majestic Funding Partners, LLC), Limited Liability Company Agreement (Finance of America Companies Inc.), Limited Liability Company Agreement (AdaptHealth Corp.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders equityholders under the laws of the State of Delaware.
Appears in 24 contracts
Samples: Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company and the Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and keep the Board reasonably apprised of material developments in the business of the Company.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (Vanguard Health Systems Inc), Limited Liability Company Agreement (Vanguard Health Systems Inc), Limited Liability Company Agreement (Vanguard Health Systems Inc)
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 14 contracts
Samples: Agreement and Plan of Merger, Limited Liability Company Agreement (Atlas Energy Tennessee, LLC), Limited Liability Company Agreement (Atlas Energy Tennessee, LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (ii) keep the Board reasonably apprised of material developments in the business of the Company.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Mescalero Pipeline, LLC), Limited Liability Company Agreement (Carrizo Marcellus Holding Inc.), Limited Liability Company Agreement (Carrizo (Niobrara) LLC)
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company Holders duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following officers, to the extent such officers have been appointed by the Manager, shall have the following duties:
Appears in 11 contracts
Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Operating Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws Laws of the State of Delaware.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Vantiv, Inc.), Limited Liability Company Agreement (Vantiv, Inc.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Unitholders duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following Officers, to the extent such Officers have been appointed by the Board, shall have the following duties:
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Solera Holdings LLC), Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Member duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, (ii) keep the Manager reasonably apprised of material developments in the business of the Company, and (iii) present to the Manager, at least annually, a review of the Company’s performance, an operating budget for the Company, and a capital budget for the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Services International LLC), Limited Liability Company Agreement (Services International LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (ii) keep the Board of Directors reasonably apprised of material developments in the business of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (MacDermid Group Inc.), Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC), Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Member duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, (ii) keep the Manager reasonably apprised of material developments in the business of the Company, and (iii) present to the Manager, at least annually, a review of the Company's performance, an operating budget for the Company, and a capital budget for the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (DynCorp International LLC), Limited Liability Company Agreement (Wescam Air Ops LLC), Limited Liability Company Agreement (Wescam Air Ops LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, (ii) keep the Board reasonably apprised of material developments in the business of the Company, and (iii) present to the Board, at least annually, a review of the Company's performance, an operating budget for the Company, and a capital budget for the Company.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Nalco Holding CO), Limited Liability Company Operating Agreement (VHS of Anaheim Inc), Limited Liability Company Agreement (VHS of Anaheim Inc)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company the customary duties, including the duties of loyalty and due care care, of the type owed by the officers of a corporation to such corporation and its stockholders equity-holders under the laws of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CompoSecure, Inc.), Agreement and Plan of Merger (Roman DBDR Tech Acquisition Corp.), Merger Agreement (Roman DBDR Tech Acquisition Corp.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders equity holders under the laws of the State of Delaware.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Centerpoint Properties Trust)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (a) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (b) keep the Board reasonably apprised of material developments in the business and affairs of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (EP Income Co LLC), Limited Liability Company Operating Agreement (Eagle Point Credit Co LLC), Limited Liability Company Operating Agreement (NexPoint Capital, LLC)
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State Commonwealth of DelawarePennsylvania.
Appears in 3 contracts
Samples: Operating Agreement (Atlas Energy Tennessee, LLC), Operating Agreement (Atlas Energy Tennessee, LLC), Operating Agreement (Atlas America Public #15-2005 Program)
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company Members duties of loyalty and due care of the type owed by the officers of a corporation to the stockholders of such corporation and its stockholders under the laws of the State of DelawareNew Jersey.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Lower Road Associates LLC), Limited Liability Company Operating Agreement (Sleepmaster LLC), Limited Liability Company Operating Agreement (Lower Road Associates LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 2 contracts
Samples: Operating Agreement (Savage Sports Holdings, Inc.), Operating Agreement (Savage Sports Holdings, Inc.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation Corporation to such corporation Corporation and its stockholders under the laws of the State of Delaware, and (ii) keep the Board reasonably apprised of material developments in the business of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (K-Sea Tranportation Partners Lp), Limited Liability Company Agreement (K-Sea Transportation Partners Lp)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Unitholders duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (VWR, Inc.), Limited Liability Company Agreement (VWR Funding, Inc.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following Officers, to the extent such Officers have been appointed by the Board, shall have the following duties:
Appears in 2 contracts
Samples: Operating Agreement (AMF Worldwide Bowling Centers Holdings Inc.), Operating Agreement (AMF Worldwide Bowling Centers Holdings Inc.)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation Corporation to such corporation Corporation and its stockholders under the laws of the State of Delaware, (ii) keep the Board reasonably apprised of material developments in the business of the Company, and (iii) present to the Board, at least annually, a review of the Company's performance, an operating budget for the Company, and a capital budget for the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Commercial Lines LLC), Limited Liability Company Agreement (Acl Capital Corp)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Member duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (ii) keep the Manager reasonably apprised of material developments in the business of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wescam Air Ops LLC), Limited Liability Company Agreement (Vertex Aerospace Inc)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to Holdings LLC and the Company Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders equity holders under the laws of the State of Delaware.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ECPM Holdings, LLC), Limited Liability Company Agreement (ECPM Holdings, LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, Each officer shall owe to the Company and its Members the same duties of care and loyalty and due care of the type owed by the officers of that such individuals would owe to a corporation to such corporation and its stockholders as an officer thereof under the laws of the State of Delaware.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (FMC Technologies Inc)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company and the Members duties of loyalty and due care of the type and to the extent owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Duties of Officers Generally. The Officers, in the performance ---------------------------- of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Advanced Glassfiber Yarus LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (a) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (b) keep the Manager reasonably apprised of material developments in the business and affairs of the Company.
Appears in 1 contract
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company LLC and the Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following Officers, to the extent such Officers have been appointed by the Board, shall have the following duties:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Deep Down, Inc.)
Duties of Officers Generally. The Officers, in the ---------------------------- performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Petersen Holdings LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company and the Members duties of loyalty and due care of the type and to the extent owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of DelawareDelaware .
Appears in 1 contract
Samples: Limited Liability Company Agreement
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty loyalty, good faith and due care of the type owed by the officers of a corporation to such corporation and its stockholders equityholders under the laws of the State of Delaware; provided, however, so long as any Officer, in reasonable good faith, believes he or she is acting in the Company’s interest, such Officer shall not be held to be in breach of duties promulgated hereunder or otherwise be liable to any Person in any respect.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Unitholders and the LLC duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and shall owe no other fiduciary duties to the LLC or any Unitholders.
Appears in 1 contract
Samples: Limited Liability Company Agreement (St Renatus LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (a) owe to the Company duties of loyalty and due care of the type owed by the officers of a Delaware corporation to such corporation and its stockholders under the laws of the State of Delaware, and (b) keep the Board reasonably apprised of material developments in the business and affairs of the Company.
Appears in 1 contract
Samples: Operating Agreement (Bluerock Institutional High Income Credit Fund)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (a) owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (b) keep the Managing Member reasonably apprised of material developments in the business and affairs of the Company.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Garrison Capital LLC)
Duties of Officers Generally. The Officers, in the performance of ---------------------------- their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Petersen Holdings LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company Member duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following Officers, to the extent such Officers have been appointed by the Board, shall have the following duties and such other duties as may be provided by the Board or in such Officer’s written employment agreement:
Appears in 1 contract
Duties of Officers Generally. The Officersofficers of the Company, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Member duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware, and (ii) keep the Board reasonably apprised of material developments in the business of the Company.
Appears in 1 contract
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company Holders duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.. The following officers, to the extent such officers have been appointed by the Managers, shall have the following duties:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (US Power Generating CO)
Duties of Officers Generally. The Officers, in the performance of their duties as such, shall owe to the Company and its Members duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phoenix Capital Group Holdings, LLC)
Duties of Officers Generally. The Officersofficers, in the performance of their duties as such, shall owe to the Company Members duties of loyalty and due care of the type owed by the officers of a corporation to the stockholders of such corporation and its stockholders under the laws of the State of Delaware.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Lower Road Associates LLC)
Duties of Officers Generally. The Officers, in the performance of their duties as such, Each officer shall owe to the Company and its Members the same duties of care and loyalty and due care of the type owed by the officers of that such person would owe to a corporation to such corporation and its stockholders as an officer thereof under the laws of the State of Delaware.
Appears in 1 contract
Samples: Operating Agreement (Atg Inc)
