Common use of Determinations by the General Partner Clause in Contracts

Determinations by the General Partner. (a) Whenever this Agreement or any other agreement contemplated herein provides that the General Partner shall act in a manner which is, or provide terms which are, fair and reasonable to the Partnership or any Limited Partner, the General Partner shall determine such appropriate action or provide such terms considering, in each case, the relative interests of each party to such agreement, transaction or situation and the benefits and burdens relating to such interests, any customary or accepted industry practices, and any applicable United States generally accepted accounting practices or principles.

Determinations by the General Partner. (a) Whenever this Agreement or any other agreement contemplated herein provides that the General Partner shall act in a manner which is, or provide terms which are, fair and reasonable to the Partnership or any Limited Partner, the General Partner shall determine such appropriate action or provide such terms considering, in each case, the relative interests Interests of each party to such agreement, transaction or situation and the benefits and burdens relating to such interestsInterests, any customary or accepted industry practices, and any applicable United States generally accepted accounting practices or principles.