Fiduciary Duties definition

Fiduciary Duties means duties owed by one person to another to whom the first person the fiduciary, stands in a position of trust. The fiduciary is not permitted to profit from the fiduciary’s posi tion and owes undivided loyalty to the other party and must avoid conflicts of interest unless otherwise authorised by the other party after full disclosure;

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Fiduciary Duties has the meaning set forth in Section 6.4.

Fiduciary Duties means the fiduciary duties of the Board as set out in section 3.2 of the Bylaws and all other applicable law;

Examples of Fiduciary Duties in a sentence

Subject to applicable antitrust laws and its Fiduciary Duties, the Company agrees to provide all information to the Bidder, its advisors and the auditors of the Bidder and court appointed auditors (gerichtlich bestellte Prüfer) reasonably required for the valuations in connection with the implementation of the DPLTA and to cooperate with the Bidder on the applications for the appointment of the court appointed auditors.
Notwithstanding the foregoing, nothing in this Agreement obliges the Management Board (or, where applicable, the Supervisory Board) to approve, accept, enter into, draw under or maintain any financing to be made available by the Bidder in accordance with Section 12.3.4. Any decision in this respect shall remain within the discretion of the Management Board in the ordinary course of business and in accordance with its Fiduciary Duties.
The Management Board acknowledges the Bidder’s and WST’s intention and shall, if requested, support the DPLTA subject to its Fiduciary Duties, including its duty to act in the best interests of the Company, taking into account the interests of the shareholders, employees and other stakeholders.

More Definitions of Fiduciary Duties

Fiduciary Duties means the duties that members of the governing body of a non-profit organisation have as a result of their having the assets belonging to another under their control. The fiduciary duties of members of the governing body of an organisation require them to act in good faith, for a proper purpose and the best interest of the organisation.

Fiduciary Duties means the duties of a Director that are owed only to the Corporation and not to any one particular stakeholder or other interest group. All Directors, including ex officio Directors, owe the same duties and are subject to the same obligations, regardless of how they may have been elected or appointed to the Board. Directors must act in the best interests of the Corporation as a whole and, in doing so, must take into account all relevant factors. A Director breaches their duty to act in the best interests of the Corporation where the Director prefers the interests of a particular group, person or entity over the interests of the Corporation as a whole. This does not mean that the Directors cannot take into account the interests of particular groups that may be affected by Board decisions (such as the interests of the Professional Staff), but they cannot act solely in the interests of one group if to do so would not be in the best interests of the Corporation as a whole.

Fiduciary Duties has the meaning set out in Section ‎3.2.1.

Fiduciary Duties means a Director's principal duties under English common law, namely to: (i) act in the company's interests and for a proper purpose; (ii) not allow interests to conflict with those of the company; and (iii) respect the company's property.

Fiduciary Duties. Parties shall waive fiduciary duties of Managers and Members to the maximum extent permitted by law. Members and Managers shall be permitted to act in their own best interests.

Fiduciary Duties or "best practices" (or, in each case, words of similar effect) qualifications."

Fiduciary Duties. The BR LLC Agreement will contain a customary disclaimer of fiduciary duties.