Common use of Limitation of Director Liability Clause in Contracts

Limitation of Director Liability. To the fullest extent permitted by the BCA as the same exists or may hereafter be amended, a director of the Corporation shall not be personally liable to the Corporation or its shareholders for monetary damages for breach of fiduciary duty as a director.

Appears in 3 contracts

Sources: Merger Agreement (Seaspan CORP), Merger Agreement (Marathon Acquisition Corp.), Agreement and Plan of Merger (Marathon Acquisition Corp.)