Duties of Managing General Partner Sample Clauses

Duties of Managing General Partner. The Managing General Partner shall manage the affairs of the Partnership, shall apply itself diligently for the Partnership, and shall devote to the Partnership such time as is necessary and appropriate to manage the business of the Partnership. The Managing General Partner is not required to devote all its business time to the Partnership, and it may engage in other business ventures and employment, including those in competition with the Partnership. In the performance of its duties, the Managing General Partner may hire employees and agents of the Partnership and generally shall supervise and direct all the daily operations of the Partnership.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Duties of Managing General Partner. (a) The Managing General Partner at the expense of, and on behalf of, the Partnership, shall in good faith use its best efforts to (i) implement or cause to be implemented all Major Decisions approved by the Executive Committee and (ii) to conduct or cause to be conducted the day-to-day business and affairs of the Partnership in accordance with, and as limited by, this Agreement, including the following:
Sample 1
Duties of Managing General Partner. The Managing General Partner shall supervise and monitor the Operator's performance of its duties pursuant to the terms of the Operating Agreement and Article 9 below and shall serve as the Tax Matters Partner and perform generally all managerial duties related to conducting the ordinary business of the Partnership to the extent same have not been delegated to the Operator, including filing of any tax returns, governmental filings, and reports. Certain portions of Article 9 below also govern the Managing General Partner's performance and authority hereunder to the extent same expressly so state.
Sample 1
Duties of Managing General Partner. The Managing General Partner shall manage the business and affairs of the Partnership in the manner the Managing General Partner deems appropriate or necessary. Without limiting the generality of the foregoing, the Managing General Partner's duties shall include the following:
Sample 1
Duties of Managing General Partner. 17 Managing General Partner's Fees and Expenses....................................................17
Sample 1
Duties of Managing General Partner. The Managing General Partner is hereby authorized to and shall perform or cause to be performed the following duties in accordance with and as limited by this Agreement and in accordance with the Budget:
Sample 1

Related to Duties of Managing General Partner

  • Duties of Manager The Manager, at its own expense, shall furnish the following services and facilities to the Trust:

  • Duties of Managers Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware.

  • Duties of General Partner The General Partner agrees that it shall at all times:

  • Activities of Manager The obligations of Manager pursuant to the terms and provisions of this Management Agreement shall not be construed to preclude Manager from engaging in other activities or business ventures, whether or not such other activities or ventures are in competition with Owner or the business of Owner.

  • Rights and Duties of the Board of Managers (a) The Company is a manager-managed limited liability company. Accordingly, management of the affairs of the Company shall be vested in a Board of Managers (the “Board”). The Persons constituting the Board (each, a “Manager”) will be (i) the “managers” of the Company for all purposes under the Act and (ii) the Board for all purposes under this Agreement. The Board will have the power to act only by a majority of the Managers in accordance with the provisions and in the manner specified herein. A person does not need to be a Member to serve on the Board. The Board will initially consist of three members and shall initially consist of, Nxxxx Xxxxxxx, Jxxx Xxxxxxxxx and Exx Xxxxxxxxx as the Independent Manager, who shall serve until they resign or are replaced by a majority of the Board, and new members of the Board shall be appointed by a majority of the Board. Provided, however, the Members holding 66 2/3% of the Voting Shares can vote to remove and replace a Manager for “Cause” in accordance with Section 2.9. The size of the Board may be increased, including, without limitation, in connection with forming a Special Committee, or decreased from time to time by action of the Board.

  • Duties and Responsibilities of Manager During the Term of this Agreement, subject to the provisions of Section 3.1, Manager shall provide, in exchange for the Management Fee described herein, all such services as are necessary and appropriate for the day-to-day administration and management of Provider’s business in a manner consistent with good business practice, including, without limitation, those services set forth in this Article 2.

  • Duties of the Investment Manager The Fund hereby employs the Investment Manager to act as the investment adviser to and investment manager of the MetLife Mid Cap Stock Index Portfolio (the "Portfolio") and to manage the investment and reinvestment of the assets of the Portfolio and to administer its affairs, subject to the supervision of the Board of Directors of the Fund, for the period and on the terms and conditions set forth in this Agreement. The Investment Manager hereby accepts such employment and agrees during such period, at its own expense, to render the services and to assume the obligations herein set forth for the compensation provided for herein. The Investment Manager shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund other than in furtherance of its duties and responsibilities as set forth in this Agreement.

  • Duties of Investment Manager In carrying out its obligation under paragraph 1 hereof, the Investment Manager shall:

  • Duties of the Manager (a) The Manager shall, subject to the direction and control of the Trust’s Board of Trustees (i) (except to the extent an investment subadviser (each, a “Subadviser”), as defined below, has been retained in respect of some or all of the assets of the Fund) furnish continuously an investment program for the Fund and make investment decisions on behalf of the Fund and place all orders for the purchase and sale of portfolio securities; and (ii) provide reports on the foregoing to the Board of Trustees at each Board meeting.

  • Removal of General Partner (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:

Time is Money Join Law Insider Premium to draft better contracts faster.