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.

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.