Common use of Business Management and Control Clause in Contracts

Business Management and Control. A. The General Partner shall be responsible for the management and operation of the business and affairs of the Partnership. The General Partner shall devote to the day-to-day management and operation of the business and affairs to the Partnership as much of its time as it, in its sole discretion, determines to be reasonably necessary for the efficient operation of the Partnership. B. The General Partner shall be fully and entirely reimbursed by the Partnership for any and all reasonable out-of-pocket costs and expenses incurred by the General Partner in connection with the management and supervision of the Partnership business; provided, however, that, with respect to any such reimbursement, the General Partner shall deliver to the Partnership such invoices and receipts as are necessary to substantiate such out-of-pocket costs and expenses. C. In furtherance of the provisions of this Section 3.3, the General Partner may contract with any person, firm, or corporation, including, without limitation, persons affiliated with the General Partner, at reasonable and competitive rates of compensation, commission, or remuneration, for the performance of any and all services which may at any time be necessary, proper, convenience, or advisable to carry on the business of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Genesis Healthcare Corp), Limited Partnership Agreement (Genesis Healthcare Corp)

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Business Management and Control. A. The General Partner shall be responsible for the management and operation of the business and affairs of the Partnership. The General Partner shall devote to the day-to-day management and operation of the business and affairs to the Partnership as much of its time as it, in its the sole discretion, determines to be reasonably necessary for the efficient operation of the Partnership. B. The General Partner shall be fully and entirely reimbursed by the Partnership for any and all reasonable out-of-pocket costs and expenses incurred by the General Partner in connection with the management and supervision of the Partnership business; provided, however, that, with respect to any such reimbursement, the General Partner shall deliver to the Partnership such invoices and receipts as are necessary to substantiate such out-of-pocket costs and expenses. C. In furtherance of the provisions of this Section 3.33.2, the General Partner may contract with any person, firm, or corporation, including, without limitation, persons affiliated with the General Partner, at reasonable and competitive rates of compensation, commission, or remuneration, for the performance of any and all services which may at any time be necessary, proper, convenience, or advisable to carry on the business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genesis Healthcare Corp)

Business Management and Control. A. The General Partner shall be responsible for the management and operation of the business and affairs of the Partnership. The General Partner shall devote to the day-to-day management and operation of the business and affairs to the Partnership as much of its time as it, in its sole discretion, determines to be reasonably necessary for the efficient operation of the Partnership. B. The General Partner shall be fully and entirely reimbursed by the Partnership for any and all reasonable out-of-pocket costs and expenses incurred by the General Partner in connection with the management and supervision of the Partnership business; provided, however, that, with respect to any such reimbursement, the General Partner shall deliver to the Partnership such invoices and receipts as are necessary to substantiate such out-of-pocket costs and expenses. C. In furtherance of the provisions of this Section 3.33.2, the General Partner may contract with any person, firm, or corporation, including, without limitation, persons affiliated with the General Partner, at reasonable and competitive rates of compensation, commission, or remuneration, for the performance of any and all services which may at any time be necessary, proper, convenience, or advisable to carry on the business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genesis Healthcare Corp)

Business Management and Control. A. The General Partner shall be responsible for the management and operation of the business and affairs of the Partnership. The General Partner shall devote to the day-to-day management and operation of the business and affairs to the Partnership as much of its time as it, in its sole discretion, determines to be reasonably necessary for the efficient operation of the Partnership. B. The General Partner shall be fully and entirely reimbursed by the Partnership for any and all reasonable out-of-pocket costs and expenses incurred by the General Partner in connection with the management and supervision of the Partnership business; provided, however, that, with respect to any such reimbursement, the General Partner shall deliver to the Partnership such invoices and receipts as are necessary to substantiate such out-of-pocket costs and expenses. C. In furtherance of the provisions of this Section 3.33.2, the General Partner may contract with any person, firm, firm or corporation, including, without limitation, persons affiliated with the General Partner, at reasonable and competitive rates of compensation, commission, or remuneration, for the performance of any and all services which may at any time be necessary, proper, convenience, or advisable to carry on the business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genesis Healthcare Corp)

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Business Management and Control. A. The General Partner shall be responsible for the management and operation of the business and affairs of the Partnership. The General Partner shall devote to the day-to-day management and operation of the business and affairs to the Partnership as much of its time as it, in its sole discretion, determines to be reasonably necessary for the efficient operation of the Partnership. B. The General Partner shall be fully and entirely reimbursed by the Partnership for any and all reasonable out-of-pocket costs and expenses incurred by the General Partner in connection with the management and supervision of the Partnership business; provided, however, that, with respect to any such reimbursement, the General Partner shall deliver to the Partnership such invoices and receipts as are necessary to substantiate such out-of-pocket costs and expenses. C. In furtherance of the provisions of this Section 3.3, the General Partner may contract with any person, firm, or corporation, including, without limitation, persons affiliated with the General Partner, at reasonable and competitive compensation rates of compensation, compensation commission, or remuneration, for the performance of any and all services which may at any time be necessary, proper, convenience, or advisable to carry on the business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genesis Healthcare Corp)

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