Common use of Activity of the General Partner Clause in Contracts

Activity of the General Partner. The General Partner, and its principals, managers, officers, directors, employees or persons acting in a similar capacity (collectively, “Affiliates”) shall devote such of their time as in their sole judgment is reasonably required for the conduct of the Partnership’s business. Nothing herein contained shall be deemed to preclude the General Partner and/or its Affiliates, consistent with the foregoing and its fiduciary obligations to the Limited Partners and the Partnership, or any Delegee, from (i) acting as a director, officer or employee of any corporation, a trustee of any trust, an executor or administrator of any estate, a partner of any partnership, or an executive or administrative official of any other business entity whether or not in competition with the Partnership, (ii) participating in profits derived from the investments in or of any such corporation, trust, estate, partnership or other business entity or person, (iii) engaging directly or indirectly in any other business or entity in which the Partnership has a Securities position, subject to applicable law, (iv) directly or indirectly purchasing, selling and holding Securities or Assets for the account of any such other business or entity or for its own account, subject to applicable law, or (v) engaging in such other business activities which may generate consulting fees, advisory fees or finder fees for the raising of capital and other investment related services. No Limited Partner shall, by reason of being a Limited Partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the General Partner or Affiliates from the conduct of any activities other than the activities of the Partnership or from any transaction in Securities effected by the General Partner and/or Affiliates for any account other than that of the Partnership.

Activity of the General Partner. The General Partner and the Investment Manager and any of the Investment Manager's or the General Partner, and its principals, managers's respective partners, officers, directors, stockholders, employees or persons acting in a similar capacity other agents (collectively, “"Affiliates”) "), shall devote such so much of their time to the affairs of the Partnership as in their sole the judgment is reasonably required for of the General Partner the conduct of its business shall reasonably require, and the Partnership’s businessGeneral Partner or its Affiliates 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. Nothing herein contained shall be deemed to preclude the General Partner and/or its Affiliates, consistent with the foregoing and its fiduciary obligations to the Limited Partners and the Partnership, or any Delegeean Affiliate from exercising investment responsibility, from (i) acting as a director, officer or employee of any corporation, a trustee of any trust, an executor or administrator of any estate, a partner of any partnership, or an executive or administrative official of any other business entity whether or not in competition with the Partnership, (ii) participating in profits derived from the investments in or of any such corporation, trust, estate, partnership or other business entity or person, (iii) engaging directly or indirectly indirectly, in any other business, irrespective of whether any such business or entity in which is similar to the business of the Partnership has a Securities positionor shall otherwise involve purchasing, subject selling, holding or otherwise dealing with Securities; and nothing herein contained shall be deemed to applicable law, (iv) preclude the General Partner or an Affiliate from directly or indirectly purchasing, selling and selling, holding or otherwise dealing with any Securities or Assets for the account of any such other business or entity or business, for its own account, subject to applicable lawfor any of its family members or for other clients, irrespective of whether any such Securities are purchased, sold, held or (v) engaging in such other business activities which may generate consulting fees, advisory fees or finder fees otherwise dealt with for the raising account of capital and other investment related servicesthe Partnership. No Limited Partner shall, by reason of being a Limited Partner partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the a General Partner or its Affiliates from the conduct of any activities business other than the activities business of the Partnership or from any transaction in Securities effected by the a General Partner and/or or its Affiliates for any account other than that of the Partnership. The Investment Manager may structure and/or advise a structured product (such as a CDO, CRS or other product) on behalf of a certain investor (or group of investors) and the Partnership may play no role in managing, structuring or offering such other product.

Activity of the General Partner. The General Partner and the Investment Manager and any of the Investment Manager’s or the General Partner’s respective partners, and its principals, managersmembers, officers, directors, stockholders, employees or persons acting in a similar capacity other agents (collectively, “Affiliates”) ), shall devote such so much of their time to the affairs of the Partnership as in their sole the judgment is reasonably required for of the General Partner the conduct of its business shall reasonably require, and the Partnership’s businessGeneral Partner or its Affiliates 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. Nothing herein contained shall be deemed to preclude the General Partner and/or its Affiliates, consistent with the foregoing and its fiduciary obligations to the Limited Partners and the Partnership, or any Delegeean Affiliate from exercising investment responsibility, from (i) acting as a director, officer or employee of any corporation, a trustee of any trust, an executor or administrator of any estate, a partner of any partnership, or an executive or administrative official of any other business entity whether or not in competition with the Partnership, (ii) participating in profits derived from the investments in or of any such corporation, trust, estate, partnership or other business entity or person, (iii) engaging directly or indirectly indirectly, in any other business, irrespective of whether any such business or entity in which is similar to the business of the Partnership has a Securities positionor shall otherwise involve purchasing, subject selling, holding or otherwise dealing with Securities; and nothing herein contained shall be deemed to applicable law, (iv) preclude the General Partner or an Affiliate from directly or indirectly purchasing, selling and selling, holding or otherwise dealing with any Securities or Assets for the account of any such other business or entity or business, for its their own account, subject to applicable lawfor any of their family members or for other clients, irrespective of whether any such Securities are purchased, sold, held or (v) engaging in such other business activities which may generate consulting fees, advisory fees or finder fees otherwise dealt with for the raising account of capital and other investment related servicesthe Partnership. No Limited Partner shall, by reason of being a Limited Partner partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the General Partner or its Affiliates from the conduct of any activities business other than the activities business of the Partnership (to the extent provided herein) or from any transaction in Securities effected by the General Partner and/or or such Affiliates for any account other than that of the Partnership. The Investment Manager may structure or advise a structured product (such as a CDO or other product) on behalf of another investor (or group of investors) and the Partnership may play no role in managing, structuring or offering such other product.