Common use of Fiduciary Duty as Director Clause in Contracts

Fiduciary Duty as Director. Parent acknowledges and agrees that each Stockholder’s obligations hereunder are solely in its capacity as a stockholder of the Company, and that none of the provisions herein set forth shall be deemed to restrict or limit any fiduciary duty any directors, officers or employees of the undersigned may have as a member of the board of directors of the Company resulting from any circumstances other than as a Stockholder of the Company.

Fiduciary Duty as Director. Parent acknowledges and agrees that each StockholderHolder’s obligations hereunder are solely in its capacity as a stockholder of the CompanyCompany Stockholder, and that none of the provisions herein set forth shall be deemed to restrict or limit any fiduciary duty actions taken by any directorsemployee, officers officer, director (or employees person performing similar functions), partner or other Affiliate (including, for this purpose, any appointee or representative of the undersigned may have as a member of Holder to the board of directors of the Company resulting from any circumstances other than Company) of the Holder, solely in his or her capacity as a Stockholder director or officer of the Company (or a Subsidiary of the Company) or other fiduciary capacity for the Company Stockholders.