Common use of Standard of Conduct Clause in Contracts

Standard of Conduct. A Manager shall discharge the duties of its/his/her office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 30 contracts

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

Standard of Conduct. A Notwithstanding any duty otherwise existing at law or in equity, a Manager shall discharge the duties of its/his/her its office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 23 contracts

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

Standard of Conduct. A Manager shall discharge the duties of its/his/her office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 21 contracts

Sources: Operating Agreement (CBL/Regency I, LLC), Operating Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

Standard of Conduct. A Manager shall discharge the duties of its/his/her her/its office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 7 contracts

Sources: Operating Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

Standard of Conduct. A Manager All Managers shall discharge the their duties of its/his/her office in good faith, in a manner the such Manager reasonably believes to be in the best interests of the Company and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (CBL & Associates Limited Partnership), Limited Liability Company Agreement (CBL & Associates Limited Partnership), Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Standard of Conduct. A Notwithstanding any duty otherwise existing at law or in equity, a Manager shall discharge the duties of its/his/her her/its office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company Company, and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

Standard of Conduct. A Notwithstanding any duty otherwise existing at law or in equity, a Manager shall discharge the duties of its/his/her her/its office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company Company, subject to Section 7.1, and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Standard of Conduct. A Notwithstanding any duty otherwise existing at law or in equity, a Manager shall discharge the duties of its/his/her such Person’s office in good faith, in a manner the Manager reasonably believes to be in the best interests of the Company Company, subject to Section 7.1, and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

Appears in 1 contract

Sources: Limited Liability Company Agreement (CBL/Regency I, LLC)