Activities of General Partner Sample Clauses

Activities of General Partner. The General Partner shall not be required to devote full time to the affairs of the Partnership, but shall devote such time as may be reasonably required therefore.
AutoNDA by SimpleDocs
Activities of General Partner. The General Partner shall not at any time, notwithstanding anything to the contrary in this Agreement or any other Loan Document, (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to its ownership of the non-economic General Partnership Interest of QRE MLP, (b) incur, create, assume or suffer to exist any Debt or other liabilities or financial obligations, except (i) nonconsensual obligations imposed by operation of law and (ii) obligations with respect to the General Partner Interest, or (c) own, lease, manage or otherwise operate any properties or assets other than the ownership of the non-economic General Partnership Interest.”
Activities of General Partner. Permit General Partner to conduct, transact or otherwise engage in any business or operations other than as permitted under Section 7.5.A of the Borrower’s Agreement of Limited Partnership in the form filed as an exhibit to the Form 10 most recently filed with the SEC prior to the Escrow Date.
Activities of General Partner. The General Partner will devote substantially all of its efforts to or for the benefit of the Partnership.
Activities of General Partner. 15 4.5 Indemnification of General Partner...............................15
Activities of General Partner. 11 Section 3.06 Reliance by Third Parties..................................................11 Section 3.07 Indemnification............................................................11 Section 3.08 Exculpation................................................................12 Section 3.09 Payment of Costs and Expenses..............................................12 Section 3.10 Reimbursement of the Management Fee........................................12
Activities of General Partner. The General Partner and its Partners, managers, officers, employees or other agents and agents of any of them and employees of the Partnership, if any, shall devote so much of their time to the affairs of the Partnership as in their judgment the conduct of the Partnership's business shall reasonably require and the General Partner and its Partners, managers, officers, employees or agents and agents of any of them and employees of the Partnership, if any, shall not be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein.
AutoNDA by SimpleDocs
Activities of General Partner. Permit General Partner to conduct, transact or otherwise engage in any business or operations other than as permitted under the Borrower’s Agreement of Limited Partnership.
Activities of General Partner 

Related to Activities of General Partner

  • Duties of General Partner The General Partner agrees that it shall at all times:

  • Authority of General Partner The General Partner shall have sole authority to manage the business and affairs of the Partnership, which authority shall be delegated as provided in this Agreement. Subject to the limitations in this Agreement, the General Partner shall have the authority to take any action it deems to be necessary or appropriate in connection with the business and affairs of the Partnership, including without limitation the power and authority to:

  • Outside Activities of Limited Partners Subject to any agreements entered into by a Limited Partner or its Affiliates with the General Partner, Partnership or a Subsidiary, any Limited Partner and any officer, director, employee, agent, trustee, Affiliate or stockholder of any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor any Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. Subject to such agreements, none of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby in any business ventures of any other Person, other than the Limited Partners benefiting from the business conducted by the General Partner, and such Person shall have no obligation pursuant to this Agreement to offer any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity is of a character which, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.

  • Liability of General Partner The General Partner is not liable, responsible, or accountable in damages or otherwise to the Limited Partner or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faith, or fraud.

  • Activities of Manager The obligations of Manager pursuant to the terms and provisions of this Management Agreement shall not be construed to preclude Manager from engaging in other activities or business ventures, whether or not such other activities or ventures are in competition with Owner or the business of Owner.

  • Activities of the Adviser The services of the Adviser to the Fund hereunder are not to be deemed exclusive, and the Adviser and any of its affiliates shall be free to render similar services to others. Subject to and in accordance with the Agreement and Declaration of Trust and By-Laws of the Trust and Section 10(a) of the 1940 Act, it is understood that trustees, officers, agents and shareholders of the Trust are or may be interested in the Adviser or its affiliates as directors, officers, agents or stockholders; that directors, officers, agents or stockholders of the Adviser or its affiliates are or may be interested in the Trust as trustees, officers, agents, shareholders or otherwise; that the Adviser or its affiliates may be interested in the Fund as shareholders or otherwise; and that the effect of any such interests shall be governed by said Agreement and Declaration of Trust, By-Laws and the 1940 Act.

  • Removal of General Partner (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!