Common use of Administration and Investment of Funds Clause in Contracts

Administration and Investment of Funds. The administration and investment of Partnership funds shall be in accordance with the procedures and guidelines as shall be adopted by the Partnership Governance Committee. The Partnership may delegate to a third party (which may be an Affiliate of one of the Partners) the responsibility for administering and investing Partnership funds pursuant to such guidelines.

Appears in 12 contracts

Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp)

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Administration and Investment of Funds. The administration and investment of Partnership funds shall be in accordance with the procedures and guidelines as shall be adopted by the Partnership Governance Committee. The Partnership may delegate to a third party (which may be a Partner or an Affiliate of one of the Partners) the responsibility for administering and investing Partnership funds pursuant to such guidelines.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Citgo Petroleum Corp)

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Administration and Investment of Funds. The administration and -------------------------------------- investment of Partnership funds shall be in accordance with the procedures and guidelines as shall be adopted by the Partnership Governance Committee. The Partnership may delegate to a third party (which may be an Affiliate of one of the Partners) the responsibility for administering and investing Partnership funds pursuant to such guidelines.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Equistar Funding Corp), Limited Partnership Agreement (Lyondell Chemical Co)

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