Common use of Company Specific Matters Clause in Contracts

Company Specific Matters. Notwithstanding anything herein to the contrary, the Sole Member shall have exclusive authority over the internal business and affairs of the Company that do not relate to management of the Partnership and its Subsidiaries. For illustrative purposes, the internal business and affairs of the Company where the Sole Member shall have exclusive authority include (i) the prosecution, settlement or management of any claim made directly against the Company and not involving or relating to the Partnership Group, (ii) the decision to sell, convey, transfer or pledge the General Partner Units and the Incentive Distribution Rights of the Partnership owned at such time by the Company, (iii) the decision to amend, modify or waive any rights relating to the General Partner Interest and the Incentive Distribution Rights of the Partnership owned at such time by the Company and (iv) the decision to enter into any agreement to incur an obligation of the Company other than an agreement entered into for and on behalf of the Partnership for which the Company is liable exclusively by virtue of the Company’s capacity as general partner of the Partnership or of any of its Affiliates.

Company Specific Matters. Notwithstanding anything herein to the contrary, the Sole Member shall have exclusive authority over the internal business and affairs of the Company that do not relate to management of the Partnership and its SubsidiariesSubsidiaries (as defined in the Partnership Agreement). For illustrative purposes, the internal business and affairs of the Company where the Sole Member shall have exclusive authority include (i) the prosecution, settlement or management of any claim made directly against the Company and not involving or relating to the Partnership Group, (ii) the decision to sell, convey, transfer or pledge the General Partner Units and the Incentive Distribution Rights of the Partnership Interest owned at such time by the Company, (iii) the decision to amend, modify or waive any rights relating to the General Partner Interest and the Incentive Distribution Rights of the Partnership owned at such time by the Company and (iv) the decision to enter into any agreement to incur an obligation of the Company other than an agreement entered into for and on behalf of the Partnership for which the Company is liable exclusively by virtue of the Company’s capacity as general partner of the Partnership or of any of its Affiliates.