Contract Restrictions. The General Partner may cause the Partnership to enter into contracts and transactions with the General Partner and any Related Person or Affiliate thereof, provided that the terms of any such contract or transaction are fair and reasonable to the Partnership and are not less favorable than could be obtained in arm’s-length negotiations with unrelated third parties for similar services.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Equisource Hotel Fund I, LLP), Limited Partnership Agreement (CapSource Fund I, LP), Bridge Private Lending, LP
Contract Restrictions. The General Partner may cause the Partnership to enter into contracts and transactions with the General Partner and any Related Person or Affiliate thereof, provided that the terms of any such contract or transaction are fair and reasonable to the Partnership and are not less favorable than could be obtained in arm’sarm's-length negotiations with unrelated third parties for similar services.
Appears in 1 contract
Samples: Limited Liability Partnership Agreement (Equisource Hotel Fund I, LLP)
Contract Restrictions. The General Partner may cause the Partnership to enter into contracts and transactions with the General Partner and any Related Person or Affiliate thereof, provided that the terms of any such contract or transaction are fair and on commercially reasonable to the Partnership and are not less favorable than could be obtained in arm’s-length negotiations with unrelated third parties for similar servicesterms based on current market conditions.
Appears in 1 contract
Samples: www.luzernassoc.com
