Common use of EMPLOYMENT OF EXPERTS OR ADVISORS Clause in Contracts

EMPLOYMENT OF EXPERTS OR ADVISORS. The General Partner may employ or retain such counsel, accountants, appraisers or other experts or advisors as the General Partner may reasonably deem appropriate for the purpose of discharging its duties hereunder, and shall be entitled to pay the fees of any such persons from the funds of the Partnership. The General Partner may act, and shall be protected in acting in good faith, on the opinion or advice of, or information obtained from, any such counsel, accountant, appraiser or other expert or advisor, whether retained or employed by the Partnership, the General Partner, or otherwise, in relation to any matter connected with the administration or operation of the business and affairs of the Partnership.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Metropolis Realty Trust Inc), Limited Partnership Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Limited Partnership Agreement (Carlyle Real Estate LTD Partnership Xiii)

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