Common use of Duties and Obligations of the General Partner Clause in Contracts

Duties and Obligations of the General Partner. (a) The General Partner shall use his best efforts to take all actions that may be necessary or appropriate for the continuation of the Partnership's valid existence as a limited partnership and for the acquisition, holding and operation of Partnership Property, in accordance with the provisions of this Agreement and applicable laws and regulations.

Duties and Obligations of the General Partner. (a) A. The General Partner shall use his best efforts to take all actions that action which may be necessary or appropriate for the continuation of the Partnership's valid existence as a limited partnership and for the acquisitiondevelopment, holding maintenance, preservation and operation of the properties and assets of the Partnership Property, in accordance with the provisions of this Agreement and applicable laws and regulationsregulations (it being understood and agreed, however, that the direct performance of day-to-day management or operational services for the Hotel and other properties of the Partnership is not an obligation of the General Partner as general partner of the Partnership).