Common use of Duties of the General Partner Clause in Contracts

Duties of the General Partner. (a) The General Partner shall use its reasonable efforts to carry out the business of the Partnership. The General Partner shall devote itself to the business of the Partnership to the extent that it reasonably may determine to be necessary. Whenever reasonably requested by the Limited Partners, the General Partner shall render a just and faithful account of all dealings and transactions relating to the business of the Partnership.

Appears in 3 contracts

Samples: Agreement, Agreement, Hob Entertainment Inc /De/

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Duties of the General Partner. (a) 4.4.1. The General Partner shall use its reasonable best efforts to carry out the purposes, business and objectives of the Partnership. The General Partner ; shall devote itself such time to Partnership business as shall be reasonably required to carry out such purposes, business and objectives; and shall use its best efforts to assure the business of the Partnership to the extent that it reasonably may determine to be necessary. Whenever reasonably requested by the Limited Partners, the General Partner shall render a just efficient management and faithful account of all dealings and transactions relating to the business operation of the Partnership.

Appears in 3 contracts

Samples: PHC Hospitals, LLC, Province Healthcare Co, Province Healthcare Co

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Duties of the General Partner. (a) The General Partner shall use its reasonable efforts manage, or cause to carry out be managed, the business of the Partnership. The General Partner shall devote itself to the business affairs of the Partnership in a prudent and businesslike manner and shall devote such part of its time to the extent that it Partnership affairs as is reasonably may determine to be necessary. Whenever reasonably requested by necessary for the Limited Partners, the General Partner shall render a just and faithful account conduct of all dealings and transactions relating to the business of the Partnershipsuch affairs.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Corporate Property Associates 15 Inc), Limited Partnership Agreement (Corporate Property Associates 15 Inc)

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