Common use of Standard of Care; Liability Clause in Contracts

Standard of Care; Liability. Each Member shall discharge his duties in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he reasonably believes to be in the best interests of the Company. A Member shall not be liable for monetary damages to the Company for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, voting for or assenting to a distribution to Members in violation of this Agreement or the Act, or a knowing violation of the law.

Standard of Care; Liability. Each Member shall (a) The Members must discharge his their duties as Members in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he the Members reasonably believes believe to be in the best interests of the Company. A Member shall not be liable for monetary damages to the Company for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, voting for or assenting to a distribution to Members in violation of this Agreement or the Act, or a knowing violation of the law.

Standard of Care; Liability. Each Member The sole member shall discharge his such Member's duties in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he such member reasonably believes to be in the best interests of the Company. A The sole Member shall not be liable for any monetary damages to the Company Company, or in any other manner, for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, voting for or assenting to a distribution to Members in violation of this Agreement or the Act, or a knowing violation of the law.except:

Standard of Care; Liability. Each The Member shall discharge his its duties on behalf of the Company in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he which it reasonably believes to be in the best interests of the Company. A The Member shall not be liable for monetary damages to the Company for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, voting for or assenting to a distribution to Members the Member in violation of this Operating Agreement or the Act, or a knowing willful violation of the law.

Standard of Care; Liability. Each Member The representatives of the Members shall discharge his their duties in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he they reasonably believes believe to be in the best interests of the Company. A Member No such representative shall not be liable for any monetary damages to the Company for any breach of any such duties except for for: receipt of a financial benefit to which the Member such person is not entitled, voting for or assenting to a distribution to Members in violation of this Agreement or the Act, entitled or a knowing violation of the law.

Standard of Care; Liability. Each Member and its respective directors, officers, stockholders, partners, members and Affiliates shall discharge his its duties in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner he reasonably believes to be in the best interests of the CompanyCompany as required by this Agreement or the Act. A Member shall not be liable for monetary damages to the Company for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, voting for or assenting to a distribution to Members in violation of this Agreement or the Act, or a knowing violation of the law.which

Standard of Care; Liability. Each Every Member shall discharge his or her duties in good faith, with the care an ordinarily ordinary prudent person in a like position would exercise under similar circumstances, and in a manner he or she reasonably believes to be in the best interests of the Company. A Member The Members shall not be liable for any monetary damages to the Company for any breach of any such duties except for receipt of a financial benefit to which the Member is not entitled, ; voting for or assenting to a distribution to Members in violation of this Operating Agreement or the Act, ; or a knowing violation of the law.