Common use of Duties of Officers Generally Clause in Contracts

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 Commonwealth of Virginia, (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.

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 Commonwealth State of VirginiaDelaware, (ii) keep the Manager Board reasonably apprised of material developments in the business of the Company, and (iii) present to the ManagerBoard, at least annually, a review of the Company’s performance, an operating budget for the Company, and a capital budget for the Company.

Duties of Officers Generally. The Officers, in the performance of their duties as such, shall (i) owe to the Company and the Member Members 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 Commonwealth State of VirginiaDelaware, (ii) keep the Manager Board reasonably apprised of material developments in the business of the Company, and (iii) present to the ManagerBoard, at least annually, a review of the Company’s 's performance, an operating budget for the Company, and a capital budget for the Company.

Duties of Officers Generally. The Officers, in the performance of their duties as such, shall shall: (i) owe to the Company and the Member 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 Laws of the Commonwealth State of Virginia, Delaware; (ii) keep the Manager Board reasonably apprised of material developments in the business of the Company, ; and (iii) present to the ManagerBoard, at least annually, a review of the Company’s performance, an operating budget for the Company, and a capital budget for the Company.

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 Commonwealth of Virginia, (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 capita] budget for the Company.

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 corporation, and its stockholders under the laws of the Commonwealth of Virginia, (ii) keep the Manager Board of Trustees reasonably apprised of material developments in the business governance 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.