Common use of Other Rights; Fiduciary Duties Clause in Contracts

Other Rights; Fiduciary Duties. Series B Preferred Units shall not have any designations, preferences, rights, powers or duties, other than as set forth in this Article XVII or as provided by applicable law. Notwithstanding anything to the contrary in this Agreement, to the fullest extent permitted by applicable Law, neither the General Partner nor any other Indemnitee shall owe any duties or have any liabilities to Series B Holders, other than the implied contractual covenant of good faith and fair dealing.

Appears in 2 contracts

Samples: Landmark Infrastructure Partners LP, Landmark Infrastructure Partners LP

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Other Rights; Fiduciary Duties. The Series B Preferred Units and the Series B Preferred Unitholders shall not have any designations, preferences, rightspowers, powers qualifications, limitations, restrictions and special or dutiesrelative rights or privileges, other than as set forth in this Article XVII Agreement or as provided by applicable law. Notwithstanding anything to the contrary in this AgreementAgreement or any duty existing at law, in equity or otherwise, to the fullest extent permitted by applicable Lawlaw, neither the Partnership, the General Partner nor and any other Indemnitee shall not owe any duties or have any liabilities to Series B Holders, other than the implied contractual covenant of good faith and fair dealingPreferred Unitholders.

Appears in 2 contracts

Samples: Agreement (MPLX Lp), MPLX Lp

Other Rights; Fiduciary Duties. Series B C Preferred Units shall not have any designations, preferences, rights, powers or duties, other than as set forth in this Article XVII XVIII or as provided by applicable law. Notwithstanding anything to the contrary in this Agreement, to the fullest extent permitted by applicable Law, neither the General Partner nor any other Indemnitee shall owe any duties or have any liabilities to Series B C Holders, other than the implied contractual covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Landmark Infrastructure Partners LP

Other Rights; Fiduciary Duties. The Series B Preferred Units shall not have any designations, preferences, rights, powers or duties, other than as set forth in this Article XVII Agreement or as provided required by applicable law. Notwithstanding anything to the contrary in this AgreementAgreement or any duty existing at law, in equity or otherwise, to the fullest extent permitted by applicable Lawlaw, neither the General Partner nor any other Indemnitee shall owe any duties duties, including fiduciary duties, or have any liabilities to Series B Holders, other than the implied contractual covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Global Partners Lp

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Other Rights; Fiduciary Duties. The Series B Preferred Units and the Series B Preferred Unitholders shall not have any designations, preferences, rights, powers powers, duties or duties, obligations other than as set forth in this Article XVII Agreement or as provided by applicable law. Notwithstanding anything to the contrary in this AgreementAgreement or any duty existing at law, in equity or otherwise, to the fullest extent permitted by applicable Lawlaw, neither the General Partner nor any other Indemnitee shall owe any duties or have any liabilities to Series B Holders, other than the implied contractual covenant of good faith and fair dealingPreferred Unitholders.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

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