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

Duties and Obligations of the General Partner. The General Partner shall manage and control the Partnership, its business and affairs. During the continuance of the Partnership, the General Partner shall diligently and faithfully devote such time to the management of the business of the Partnership as it deems reasonably necessary.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Capital Senior Living Corp), Limited Partnership Agreement (Capital Senior Living Corp), Limited Partnership Agreement (Capital Senior Living Corp)

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Duties and Obligations of the General Partner. (a) The General Partner shall manage and control the Partnership, its business and affairsaffairs as stated in Section 7. 1. During the continuance of the Partnership, the General Partner shall diligently and faithfully devote such time to the management of the business of the Partnership as it deems reasonably necessary.

Appears in 1 contract

Samples: Limited Partnership Agreement (Capital Senior Living Corp)

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