Common use of Fiduciary Duties of Officers Clause in Contracts

Fiduciary Duties of Officers. The Officers, in the performance of their duties as such, shall owe to the Company the same fiduciary duties, including the duty of care and duty of loyalty, of the type owed by officers of a Delaware corporation pursuant to the laws of the state of Delaware.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (57th Street General Acquisition Corp), Limited Liability Company Agreement (57th Street General Acquisition Corp)

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Fiduciary Duties of Officers. The Officers, in the performance of their duties as such, shall owe to the Company the same fiduciary duties, including the duty of care and duty of loyalty, of the type type, and to the extent, owed by officers of a Delaware corporation pursuant to the laws of the state of Delaware.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Paperweight Development Corp), Equity Purchase Agreement (Hicks Acquisition CO II, Inc.)

Fiduciary Duties of Officers. The OfficersExcept as otherwise provided ---------------------------- herein, in each Officer shall have fiduciary duties of loyalty and care similar to those of officers of business corporations organized under the performance of their duties as such, shall owe to the Company the same fiduciary duties, including the duty of care and duty of loyalty, General Corporation Law of the type owed by officers of a Delaware corporation pursuant to the laws of the state State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Merck & Co Inc)

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Fiduciary Duties of Officers. The OfficersEach Officer, solely in the performance of their duties his or her capacity as suchan Officer, shall owe to the Company and its Members fiduciary duties consistent with the same fiduciary duties, including the duty of care and duty of loyalty, of the type duties owed by officers an officer of a Delaware corporation pursuant to the laws of the state of Delawareunder Delaware law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Carmike Cinemas Inc)

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