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Common use of Fiduciary Duties of Manager Clause in Contracts

Fiduciary Duties of Manager. The Member as member and as Manager shall have no fiduciary duties toward the Company, including any duty of care or loyalty.

Appears in 4 contracts

Sources: Operating Agreement (Roanoke Electric Steel Corp), Operating Agreement (Omnisource Corp), Operating Agreement (Omnisource Corp)

Related Clauses

  • Duties of Manager
  • Fiduciary Duties
  • Duties and Responsibilities of Manager
  • Waiver of Fiduciary Duties
  • No Fiduciary Duties

Parent Clauses

  • Rights and Duties of Manager
  • Company Management
  • Transfer; Additional and Substitute Members
  • Managers Fees or Other Compensation
  • Management of the Limited Liability Company

Sub-Clauses

  • Duty of Disclosure
  • Duty of Loyalty
  • Duty of Care and the ‘Business Judgment Rule
  • Duty of Care and the
  • COMPENSATION OF MEMBERS
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