Common use of Good Faith and Other Standards Clause in Contracts

Good Faith and Other Standards. Whenever in this Agreement or any other agreement contemplated herein the Board is permitted or required to take any action or to make a decision or determination in its “good faith” or under another express standard, each Manager shall act under such express standard and, to the extent permitted by applicable law, shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein, and, notwithstanding anything contained herein to the contrary, so long as such Manager acts in good faith, the resolution, action or terms so made, taken or provided by the Board shall not constitute a breach of this Agreement or any other agreement contemplated herein or impose liability upon such Manager or any of such Manager’s Affiliates, employees, agents or representatives. Each Manager shall act in good faith in all matters brought before the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)

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Good Faith and Other Standards. Whenever in this Agreement or any other agreement contemplated herein the Board is permitted or required to take any action or to make a decision or determination in its “good faith” or under another express standard, each Manager shall act under such express standard and, to the extent permitted by applicable law, shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein, and, notwithstanding anything contained herein to the contrary, so long as such Manager acts in good faithfaith (as contemplated herein), the resolution, action or terms determinations so made, taken or provided by the Board shall not constitute a breach of this Agreement or any other agreement contemplated herein or impose liability upon such Manager or any of such Manager’s 's Affiliates, employees, agents or representatives. Each Manager shall act in good faith in all matters brought before the Board.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ChromaDex Corp.)

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Good Faith and Other Standards. Whenever in this Agreement or any other agreement contemplated herein the Board of Managers or an Officer is permitted or required to take any action or to make a decision or determination in its “good faith” or under another express standard, each Manager shall and Officer will act under such express standard and, to the extent permitted by applicable law, shall will not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein, and, notwithstanding anything contained herein to the contrary, so long as such Manager person acts in good faith, the resolution, action or terms so made, taken or provided by the Board shall such person will not constitute a breach of this Agreement or any other agreement contemplated herein or impose liability upon such Manager person or any of such Managerperson’s Affiliatesaffiliates, employees, agents or representatives. Each Manager shall will act in good faith in all matters brought before the BoardBoard of Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (AWA Group LP)

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