Common use of Duties of General Partner Clause in Contracts

Duties of General Partner. The General Partner shall manage the business and affairs of the Partnership in the manner that the General Partner deems appropriate or necessary. Without limiting the generality of the foregoing, the General Partner's duties shall include the following: 8.2.1. To take possession of the assets of the Partnership; 8.2.2. To staff and operate the business of the Partnership; 8.2.3. To perform or cause to be performed financial, accounting, logistical, and other administrative functions for the Partnership; 8.2.4. To render such reports and make such periodic and other filings as may be required under applicable federal, state, and local laws, rules, and regulations; 8.2.5. To provide or cause to be provided purchasing, procurement, repair, and other services for the Partnership; and 8.2.6. To conduct the business of the Partnership in accordance with this Agreement, the Participation Agreements and related sale-leaseback transaction documents, and all applicable laws, rules, and regulations; in each case in such a manner as the General Partner deems appropriate or necessary, and provided moreover that the General Partner shall not be deemed to be in violation of this Article 8.2 or any of its other duties or obligations hereunder as a result of its compliance with Sections or 8.1.2 and 8.1.6. hereof.

Duties of General Partner. The General Partner shall manage the business and affairs of the Partnership in the manner that the General Partner deems appropriate or necessary. Without limiting the generality of the foregoing, the General Partner's duties shall include the following: 8.2.1. To take possession of the assets of the Partnership; 8.2.2. To staff and operate the business of the Partnership; 8.2.3. To perform or cause to be performed financial, accounting, logistical, and other administrative functions for the Partnership; 8.2.4. To render such reports and make such periodic and other filings as may be required under applicable federal, state, and local laws, rules, and regulations; 8.2.5. To provide or cause to be provided purchasing, procurement, repair, and other services for the Partnership; and 8.2.6. To conduct the business of the Partnership in accordance with this Agreement, the Participation Agreements and related sale-leaseback transaction documents, Agreement and all applicable laws, rules, and regulations; in each case in such a manner as the General Partner deems appropriate or necessary, and provided moreover that the General Partner shall not be deemed to be in violation of this Article 8.2 or any of its other duties or obligations hereunder as a result of its compliance with Sections or 8.1.2 and 8.1.6. hereof.