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)