Common use of General Partner Services Clause in Contracts

General Partner Services. The General Partner agrees that on behalf of the Partnership, it shall provide or cause to be provided the following services to the Partnership. The General Partner shall cause Buffett to make four personal appearances at the Venue during its initial year of operation with one such appearance to be made during the grand opening of the Venue. However, the Partnership agrees that Buffett shall not be required to perform at any of the four personal appearances. The General Partner will cause Buffett to use his reasonable best efforts to provide sufficient advance notice of each appearance to allow for sufficient opportunity to publicize the appearance. Universal, or its designated Affiliate, will cooperate with Buffett’s efforts to raise funds for charity as part of any appearance by Buffett. During each year or portion thereof subsequent to the Venue’s initial year, the General Partner will cause Buffett to agree that he shall make at least one such similar appearance at the Venue. Notwithstanding the foregoing, the parties agree that, in the event that Buffett’s death or disability prevents him from making any or all of the contemplated appearances, such failure on the part of the General Partner to cause Buffett to appear shall not be deemed a breach of this agreement by the General Partner. For purposes of this Section 9.12, “disability” shall be defined as Buffett’s inability to make the contemplated appearances for a period of at least six months. It is acknowledged by the Partner that Buffet is neither a partner in the Partnership nor is he in partnership with the Partnership.

Appears in 2 contracts

Samples: www.sec.gov, Management Agreement (Universal City Travel Partners)

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General Partner Services. The General Partner agrees that on behalf of the Partnership, it shall provide or cause to be provided the following services to the Partnership. The General Partner shall cause Buffett to make four personal appearances at the Venue during its initial year of operation with one such appearance to be made during the grand opening of the Venue. However, the Partnership agrees that Buffett shall not be required to perform at any of the four personal appearances. The General Partner will cause Buffett to use his reasonable best efforts to provide sufficient advance notice of each appearance to allow for sufficient opportunity to publicize the appearance. Universal, or its designated Affiliate, will cooperate with Buffett’s 's efforts to raise funds for charity as part of any appearance by Buffett. During each year or portion thereof subsequent to the Venue’s 's initial year, the General Partner will cause Buffett to agree that he shall make at least one such similar appearance at the Venue. Notwithstanding the foregoing, the parties agree that, in the event that Buffett’s 's death or disability prevents him from making any or all of the contemplated appearances, such failure on the part of the General Partner to cause Buffett to appear shall not be deemed a breach of this agreement by the General Partner. For purposes of this Section 9.12, "disability" shall be defined as Buffett’s 's inability to make the contemplated appearances for a period of at least six months. It is acknowledged by the Partner that Buffet is neither a partner in the Partnership nor is he in partnership with the Partnership.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (Universal City Development Partners LTD)

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