EXCULPATION OF LIABILITY OF OFFICERS AND DIRECTORS. (a) Notwithstanding Section 5.9, no Director or Officer shall be liable to the Company or the Shareholders for monetary damages for losses sustained or liabilities incurred as a result of any act or omission constituting a breach of such Director's or Officer's fiduciary duty, except:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Kaneb Services LLC), Limited Liability Company Agreement (Trenwick America LLC), Kaneb Services LLC
EXCULPATION OF LIABILITY OF OFFICERS AND DIRECTORS. (a) Notwithstanding Section 5.96.9, no Director or Officer shall be liable to the Company or the Shareholders Members for monetary damages for losses sustained or liabilities incurred as a result of any act or omission constituting a breach of such Director's or Officer's fiduciary duty, except:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Eott Energy LLC), Limited Liability Company Agreement (Eott Energy Finance Corp), Limited Liability Company Agreement (Eott Energy LLC)
