Common use of No Bond Required of Directors Clause in Contracts

No Bond Required of Directors. No Director shall be obligated to give any bond or other security for the performance of any of his duties hereunder.

Appears in 18 contracts

Samples: Limited Liability Company Agreement (Master Bond LLC), Limited Liability Company Agreement (Master Value Opportunities LLC), Agreement and  declaration of Focus (Focus Funds Series Inc.)

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No Bond Required of Directors. No Director shall shall, as such, be obligated to give any bond or other security for the performance of any of his or her duties hereunder.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation TEI Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation Portfolio LLC)

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No Bond Required of Directors. No Director shall be obligated to give any bond or other security for the performance of any of his or her duties hereunder.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Master Senior Floating Rate LLC), Limited Liability Company Agreement (Global Financial Services Master LLC)

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