Fiduciary Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager and Officer shall have a fiduciary duty of loyalty and care identical to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware, as amended.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (LiveWatch Security, LLC), Limited Liability Company Agreement (Platinum Security Solutions, Inc.), Limited Liability Company Agreement (Platinum Security Solutions, Inc.)
Fiduciary Duties of Managers and Officers. Except to the extent otherwise provided hereinin this Agreement, each Manager and Authorized Officer shall of the Company will have a fiduciary duty duties of loyalty and care identical to that those of directors and officers of for profit business corporations organizations organized under the General Corporation Law of the State of Delaware, as amended.. RLF1 28406131v.1
Appears in 6 contracts
Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-3), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-1)
Fiduciary Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager (subject at all times, in the case of the Independent Manager, to the third sentence of Section 10 hereof) and Officer shall have a fiduciary duty of loyalty and care identical to that of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware, as amended.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Urban One, Inc.), Limited Liability Company Agreement (Urban One, Inc.)
