DISCLAIMER OF DUTIES; INDEMNIFICATION. Each Director shall represent, and owe fiduciary duties to, only the Member that designated such Director (the nature and extent of such duties being an internal corporate affair of such Member), and not to the Company, the other Member or Directors, or any officer or employee of the Company. The provisions of Section 3.06 shall also apply to and inure to the benefit of each Member's Directors.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Lazare Kaplan International Inc), Limited Liability Company Agreement (Lazare Kaplan International Inc)