Common use of Other Activities of the Holder; Fiduciary Duties Clause in Contracts

Other Activities of the Holder; Fiduciary Duties. It is understood and accepted that the Holder or Holders and their Affiliates have interests in other business ventures which may be in conflict with the activities of the Company and its Subsidiaries and that, subject to applicable law, nothing in this Agreement shall limit the current or future business activities of the Holder or Holders or their Affiliates whether or not such activities are competitive with those of the Company and its Subsidiaries. Nothing in this Agreement, express or implied, shall relieve any officer or director of the Company (including any designee of a Holder pursuant to Section 2.1.1) or any of its Subsidiaries of any fiduciary or other duties or obligations they may have to the Company's shareholders.

Appears in 1 contract

Samples: Shareholder Agreement (Hicks Thomas O)

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Other Activities of the Holder; Fiduciary Duties. It is understood and accepted that the Holder or Holders and their Affiliates have interests in other business ventures which may be in conflict with the activities of the Company and its Subsidiaries and that, subject to applicable law, nothing in this Agreement shall limit the current or future business activities of the Holder or Holders or their Affiliates whether or not such activities are competitive with those of the Company and its Subsidiaries. Nothing in this Agreement, express or implied, shall relieve any officer or director of the Company (including any designee of a Holder pursuant to Section 2.1.1) or any of its Subsidiaries of any fiduciary or other duties or obligations they may have to the Company's shareholders.

Appears in 1 contract

Samples: Stock Purchase Agreement (Coho Energy Inc)

Other Activities of the Holder; Fiduciary Duties. It is -------------------------------------------------- understood and accepted that the Holder or Holders and their its Affiliates have interests in other business ventures which may be in conflict with the activities of the Company and its Subsidiaries and that, subject to applicable law, nothing in this Agreement shall limit the current or future business activities of the Holder or Holders or their its Affiliates whether or not such activities are competitive with those of the Company and its Subsidiaries. Nothing in this Agreement, express or implied, shall relieve any officer or director of the Company (including any designee of a Holder pursuant to Section 2.1.14.1.1) or any of its Subsidiaries of any fiduciary or other duties or obligations they may have to the Company's shareholders.

Appears in 1 contract

Samples: Shareholders Agreement (Triton Energy LTD)

Other Activities of the Holder; Fiduciary Duties. It is understood and accepted that the Holder or Holders and their Affiliates have interests in other business ventures which may be in conflict with the activities of the Company and its Subsidiaries and that, subject to applicable law, nothing in this Agreement shall limit the current or future business activities of the Holder or Holders or their Affiliates whether or not such activities are competitive with those of the Company and its Subsidiaries. Nothing in this Agreement, express or implied, shall relieve any officer or director of the Company (including any designee of a Holder pursuant to Section 2.1.1) or any of its Subsidiaries of any fiduciary or other duties or obligations they may have to the Company's shareholders.. ARTICLE 3

Appears in 1 contract

Samples: Stock Purchase Agreement (Coho Energy Inc)

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Other Activities of the Holder; Fiduciary Duties. It is ------------------------------------------------ understood and accepted that the Holder or Holders and their its Affiliates have interests in other business ventures which may be in conflict with the activities of the Company and its Subsidiaries and that, subject to applicable law, nothing in this Agreement shall limit the current or future business activities of the Holder or Holders or their its Affiliates whether or not such activities are competitive with those of the Company and its Subsidiaries. Nothing in this Agreement, express or implied, shall relieve any officer or director of the Company (including any designee of a Holder pursuant to Section 2.1.14.1.1) or any of its Subsidiaries of any fiduciary or other duties or obligations they may have to the Company's Company s shareholders.

Appears in 1 contract

Samples: Stock Purchase Agreement (Triton Energy LTD)

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