Common use of Duties of General Partner Clause in Contracts

Duties of General Partner. The General Partner shall exercise the powers and discharge the duties of its office hereunder honestly, in good faith and in the best interests all Partners.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Partnership Agreement, Partnership Agreement

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Duties of General Partner. 14.1 The General Partner shall will exercise the its powers and discharge the its duties of its office hereunder honestly, in good faith and in the best interests all Partnersinterest of the Partnership and will exercise the care, diligence and skill of a prudent and qualified administrator.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Emera US Finance LP), Limited Partnership Agreement (Emera US Holdings Inc.)

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Duties of General Partner. The General Partner shall exercise the powers and discharge the duties of its office hereunder honestly, in good faith faith, and in with a view to the best interests all Partnersof the Partnership and in connection therewith, shall exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. The General Partner shall be entitled to retain advisers, experts or consultants to assist in the exercise of its powers and the performance of its duties hereunder.

Appears in 2 contracts

Samples: Portland Global Sustainable Evergreen, Limited Partnership Agreement

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