Common use of Exercise of Duties by the Board of Directors of the General Partner; General Partner Standard of Care Clause in Contracts

Exercise of Duties by the Board of Directors of the General Partner; General Partner Standard of Care. (a) Any action to be taken by the Partnership, that if the Partnership were a British Columbia corporation would require the approval of the corporation’s board of directors, shall only be taken with the approval of the board of directors of the General Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Telesat Partnership LP), Limited Partnership Agreement (Telesat Corp), Limited Partnership Agreement (Telesat Partnership LP)

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