Common use of Covenants of the General Partner and the Partnership Clause in Contracts

Covenants of the General Partner and the Partnership. The General Partner for itself and the Partnership covenants and agrees that: (i) The General Partner shall use its best efforts to maintain all registrations and memberships necessary for the General Partner to continue to act as described herein and in the Prospectus and to all times comply in all material respects with all applicable laws, rules, and regulations, to the extent that the failure to so comply would have a materially adverse effect on the General Partner's ability to act as described herein and in the Prospectus. (ii) The General Partner shall inform the Trading Advisor immediately as soon as the General Partner or any of its principals becomes the subject of any investigation, claim, or proceeding of any regulatory authority having jurisdiction over such person or becomes a named party to any litigation materially affecting the business of the General Partner. The General Partner shall also inform the Trading Advisor immediately if the General Partner or any of its officers become aware of any breach of this Agreement by the General Partner. (iii) The Partnership will furnish to the Trading Advisor copies of the Registration Statement, the Prospectus, and all amendments and supplements thereto, in each case as soon as available. (iv) The General Partner shall change the name of the Partnership so as to exclude the name of the Trading Advisor if the Trading Advisor ceases to be the sole Trading Advisor for the Partnership, unless otherwise agreed to by the General Partner and the Trading Advisor.

Appears in 2 contracts

Samples: Management Agreement (Morgan Stanley Dean Witter Charter Welton Lp), Management Agreement (Morgan Stanley Charter Campbell Lp)

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Covenants of the General Partner and the Partnership. The General Partner for itself and the Partnership covenants and agrees that: (i) The General Partner shall use its best efforts to maintain all registrations and memberships necessary for the General Partner to continue to act as described herein and in the Prospectus and to all times comply in all material respects with all applicable laws, rules, and regulations, to the extent that the failure to so comply would have a materially adverse effect on the General Partner's ’s ability to act as described herein and in the Prospectus. (ii) The General Partner shall inform the Trading Advisor immediately as soon as the General Partner or any of its principals becomes the subject of any investigation, claim, or proceeding of any regulatory authority having jurisdiction over such person or becomes a named party to any litigation materially affecting the condition, financial or otherwise, business or prospects of the General Partner. The General Partner shall also inform the Trading Advisor immediately if the General Partner or any of its officers become aware of any breach of this Agreement by the General Partner. (iii) The Partnership will furnish to the Trading Advisor copies of the Registration Statement, the Prospectus, and all amendments and supplements thereto, in each case as soon as available. (iv) The Partnership and the General Partner shall change will keep confidential and not disseminate any information regarding the name of the Partnership so as to exclude the name trading systems, strategies, methods and programs of the Trading Advisor if or specific trades made by the Trading Advisor ceases to be the sole Trading Advisor for the Partnershipaccount of the Partnership to any of the limited partners of the Partnership or the customers, unless otherwise agreed to by employees, agents, shareholders, officers, directors or affiliates of the General Partner and or Xxxxxx Xxxxxxx XX or any other person or entity, except such details as may be, in the Trading Advisorreasonable judgment of the General Partner, necessary or appropriate for the conduct of the business of the Partnership or as required by law.

Appears in 1 contract

Samples: Management Agreement (Morgan Stanley Spectrum Strategic Lp)

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Covenants of the General Partner and the Partnership. The General Partner for itself and the Partnership covenants and agrees that: (i) The General Partner shall use its best efforts to maintain all registrations and memberships necessary for the General Partner to continue to act as described herein and in the Prospectus and to all times comply in all material respects with all applicable laws, rules, and regulations, to the extent that the failure to so comply would have a materially adverse effect on the General Partner's ability to act as described herein and in the Prospectus. (ii) The General Partner shall inform the Trading Advisor immediately as soon as the General Partner or any of its principals becomes the subject of any investigation, claim, or proceeding of any regulatory authority having jurisdiction over such person or becomes a named party to any litigation materially affecting the business of the General Partner. The General Partner shall also inform the Trading Advisor immediately if the General Partner or any of its officers become aware of any breach of this Agreement by the General Partner. (iii) The Partnership will furnish to the Trading Advisor copies of the Registration Statement, the Prospectus, and all amendments and supplements thereto, in each case as soon as available. (iv) The Partnership and the General Partner will keep confidential and not disseminate any information regarding the trading systems, strategies, methods and programs of the Trading Advisor or specific trades made by the Trading Advisor for the account of the Partnership to any of the limited partners of the Partnership or the customers, employees, agents, shareholders, officers, directors or affiliates of the General Partner or DWR or any other person or entity, except such details as may be, in the reasonable judgment of the General Partner, necessary or appropriate for the conduct of the business of the Partnership or as required by law. (v) The General Partner shall change the name of the Partnership so as to exclude the name of the Trading Advisor if the Trading Advisor ceases to be the sole Trading Advisor for the Partnership, unless otherwise agreed to by the General Partner and the Trading Advisor.

Appears in 1 contract

Samples: Management Agreement (Morgan Stanley Dean Witter Charter Grahm Lp)

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