Common use of Member Standard of Care Clause in Contracts

Member Standard of Care. To the fullest extent permitted by law, no Member other than the Managing Member (but solely in its capacity as Managing Member) shall, in its capacity as a Member, have any fiduciary or other duties at law or in equity to the Company or to any other Member, and any such duties that a Member might otherwise have are hereby expressly eliminated and disclaimed by the Company and the Members to the fullest extent permitted by law.

Member Standard of Care. To the fullest extent permitted by law, no Member other than the Managing Member (Member, but solely in its capacity as Managing Member) shall, in its capacity as a Member, shall have any fiduciary or other duties at law or in equity to the Company or to any other Member. To the extent that any Member has any liabilities or duties at law or in equity, including fiduciary duties or other standards of care, more expansive than those set forth in this Section 7.4, such liabilities and any such duties that a Member might otherwise have are hereby expressly eliminated and disclaimed by the Company and the Members modified to the fullest extent permitted by lawunder the Act to those set forth in this Section 7.4.

Member Standard of Care. To the fullest extent permitted by law, no Member other than the Managing Member (but solely in its capacity as Managing Member) shall, in its capacity as a Member, have any fiduciary or other duties at law or in equity to the Company or to any other Member, other than any duties expressly set forth in this Agreement. To the extent that any Member has any liabilities or duties at law or in equity in its capacity as a Member, including fiduciary duties or other standards of care, such liabilities and any such duties that a Member might otherwise have are hereby expressly eliminated and disclaimed by the Company and the Members to the fullest extent permitted by law.