Common use of Management and Operation of Business Clause in Contracts

Management and Operation of Business. Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties 63 Section 7.3 Certificate of Limited Partnership 63 Section 7.4 Restrictions on the General Partner’s Authority 63 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 70 Section 7.11 Purchase or Sale of Partnership Interests 70 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 Section 7.13 Reliance by Third Parties 73

Appears in 2 contracts

Samples: Limited Partnership Agreement (Enviva Partners, LP), Limited Partnership Agreement

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Management and Operation of Business. Section 7.1 Management 61 59 Section 7.2 Replacement of Fiduciary Duties 63 61 Section 7.3 Certificate of Limited Partnership 63 61 Section 7.4 Restrictions on the General Partner’s Authority 63 62 Section 7.5 Reimbursement of the General Partner 64 62 Section 7.6 Outside Activities 65 63 Section 7.7 Indemnification 65 64 Section 7.8 Limitation of Liability of Indemnitees 67 66 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 67 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 68 Section 7.11 Purchase or Sale of Partnership Interests 70 69 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 69 Section 7.13 Reliance by Third Parties 7371

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (SunCoke Energy Partners, L.P.)

Management and Operation of Business. Section 7.1 Management 61 54 Section 7.2 Replacement of Fiduciary Duties 63 57 Section 7.3 Certificate of Limited Partnership 63 57 Section 7.4 Restrictions on the General Partner’s Authority 63 57 Section 7.5 Reimbursement of the General Partner 64 57 Section 7.6 Outside Activities 65 58 Section 7.7 Indemnification 65 59 Section 7.8 Limitation of Liability of Indemnitees 67 61 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 62 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 63 Section 7.11 Purchase or Sale of Partnership Interests 70 64 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 64 Section 7.13 Reliance by Third Parties 7366

Appears in 1 contract

Samples: Limited Partnership Agreement (Susser Petroleum Partners LP)

Management and Operation of Business. Section 7.1 Management 61 25 Section 7.2 Replacement of Fiduciary Duties 63 27 Section 7.3 Certificate of Limited Partnership 63 27 Section 7.4 Restrictions on the General Partner’s Authority 63 27 Section 7.5 Reimbursement of the General Partner 64 28 Section 7.6 Outside Activities 65 29 Section 7.7 Indemnification 65 30 Section 7.8 Limitation of Liability of Indemnitees 67 31 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 32 Section 7.10 Other Matters Concerning the General Partner 70 34 Section 7.11 Purchase or Sale of Partnership Interests 70 34 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 35 Section 7.13 Reliance by Third Parties 7337

Appears in 1 contract

Samples: Limited Partnership Agreement (Rattler Midstream Lp)

Management and Operation of Business. Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties Duties. 63 Section 7.3 Certificate of Limited Partnership 63 64 Section 7.4 Restrictions on the General Partner’s Authority 63 64 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 66 Section 7.8 Limitation of Liability of Indemnitees 67 68 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 69 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 71 Section 7.11 Purchase or Sale of Partnership Interests 70 71 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 72 Section 7.13 Reliance by Third Parties 7374

Appears in 1 contract

Samples: Limited Partnership Agreement (Western Refining Logistics, LP)

Management and Operation of Business. Section 7.1 Management 61 36 Section 7.2 Replacement of Fiduciary Duties 63 38 Section 7.3 Certificate of Limited Partnership 63 38 Section 7.4 Restrictions on the General Partner’s Authority 63 39 Section 7.5 Reimbursement of the General Partner 64 39 Section 7.6 Outside Activities 65 40 Section 7.7 Indemnification 65 41 Section 7.8 Limitation of Liability of Indemnitees 67 43 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 43 Section 7.10 Other Matters Concerning the General Partner 70 45 Section 7.11 Purchase or Sale of Partnership Interests 70 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 46 Section 7.13 Reliance by Third Parties 7348

Appears in 1 contract

Samples: Limited Partnership Agreement (Viper Energy Partners LP)

Management and Operation of Business. Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties 63 Section 7.3 Certificate of Limited Partnership 63 Section 7.4 Restrictions on the General Partner’s Authority 63 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 66 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 70 Section 7.11 Purchase or Sale of Partnership Interests 70 71 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 Section 7.13 Reliance by Third Parties 73

Appears in 1 contract

Samples: Limited Partnership Agreement (Dominion Midstream Partners, LP)

Management and Operation of Business. Section 7.1 Management 61 59 Section 7.2 Replacement of Fiduciary Duties 63 61 Section 7.3 Certificate of Limited Partnership 63 61 Section 7.4 Restrictions on the General Partner’s Authority 63 62 Section 7.5 Reimbursement of the General Partner 64 62 Section 7.6 Outside Activities 65 63 Section 7.7 Indemnification 65 64 Section 7.8 Limitation of Liability of Indemnitees 67 66 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 67 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 68 Section 7.11 Purchase or Sale of Partnership Interests 70 69 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 69 Section 7.13 Reliance by Third Parties 7371

Appears in 1 contract

Samples: Limited Partnership Agreement

Management and Operation of Business. Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties 63 Section 7.3 Certificate of Limited Partnership 63 Section 7.4 Restrictions on the General Partner’s Authority 63 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 70 Section 7.11 Purchase or Sale of Partnership Interests 70 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 Section 7.13 Reliance by Third Parties 7373 Section 8.1 Records and Accounting 74 Section 8.2 Fiscal Year 74 Section 8.3 Reports 74

Appears in 1 contract

Samples: Limited Partnership Agreement (Westlake Chemical Partners LP)

Management and Operation of Business. Section 7.1 Management 61 63 Section 7.2 Replacement of Fiduciary Duties 63 65 Section 7.3 Certificate of Limited Partnership 63 65 Section 7.4 Restrictions on the General Partner’s Authority 63 66 Section 7.5 Reimbursement of the General Partner 64 66 Section 7.6 Outside Activities 65 67 Section 7.7 Indemnification 65 68 Section 7.8 Limitation of Liability of Indemnitees 67 69 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 70 Section 7.10 Other Matters Concerning the General Partner 70 72 Section 7.11 Purchase or Sale of Partnership Interests 70 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 73 Section 7.13 Reliance by Third Parties 7376

Appears in 1 contract

Samples: Limited Partnership Agreement (BP Midstream Partners LP)

Management and Operation of Business. Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties 63 Section 7.3 Certificate of Limited Partnership 63 Section 7.4 Restrictions on the General Partner’s Authority 63 64 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 66 Section 7.8 Limitation of Liability of Indemnitees 67 68 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 71 Section 7.11 Purchase or Sale of Partnership Interests 70 71 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 72 Section 7.13 Reliance by Third Parties 7374

Appears in 1 contract

Samples: Limited Partnership Agreement (PBF Logistics LP)

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Management and Operation of Business. Section 7.1 Management 61 23 Section 7.2 Replacement of Fiduciary Duties 63 26 Section 7.3 Certificate of Limited Partnership 63 26 Section 7.4 Restrictions on the General Partner’s 's Authority 63 26 Section 7.5 Reimbursement of the General Partner 64 26 Section 7.6 Outside Activities 65 27 Section 7.7 Indemnification 65 28 Section 7.8 Limitation of Liability of Indemnitees 67 30 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 31 Section 7.10 Other Matters Concerning the General Partner 70 33 Section 7.11 Purchase or Sale of Partnership Interests 70 33 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 33 Section 7.13 Reliance by Third Parties 7336

Appears in 1 contract

Samples: Limited Partnership Agreement (Viper Energy Partners LP)

Management and Operation of Business. Section 7.1 Management 61 64 Section 7.2 Replacement of Fiduciary Duties 63 66 Section 7.3 Certificate of Limited Partnership 63 66 Section 7.4 Restrictions on the General Partner’s Authority 63 66 Section 7.5 Reimbursement of the General Partner 64 67 Section 7.6 Outside Activities 65 67 Section 7.7 Indemnification 65 68 Section 7.8 Limitation of Liability of Indemnitees 67 70 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 71 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 72 Section 7.11 Purchase or Sale of Partnership Interests 70 72 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 73 Section 7.13 Reliance by Third Parties 7375

Appears in 1 contract

Samples: Limited Partnership Agreement (Lehigh Gas Partners LP)

Management and Operation of Business. Section 7.1 Management 61 35 Section 7.2 Replacement of Fiduciary Duties 63 37 Section 7.3 Certificate of Limited Partnership 63 37 Section 7.4 Restrictions on the General Partner’s Authority 63 37 Section 7.5 Reimbursement of the General Partner 64 38 Section 7.6 Outside Activities 65 39 Section 7.7 Indemnification 65 40 Section 7.8 Limitation of Liability of Indemnitees 67 41 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 42 Section 7.10 Other Matters Concerning the General Partner 70 44 Section 7.11 Purchase or Sale of Partnership Interests 70 44 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 Section 7.13 Reliance by Third Parties 7345

Appears in 1 contract

Samples: Limited Partnership Agreement (Enviva Partners, LP)

Management and Operation of Business. Section 7.1 Management 61 59 Section 7.2 Replacement of Fiduciary Duties 63 61 Section 7.3 Certificate of Limited Partnership 63 61 Section 7.4 Restrictions on the General Partner’s Authority 63 61 Section 7.5 Reimbursement of the General Partner 64 62 Section 7.6 Outside Activities 65 63 Section 7.7 Indemnification 65 63 Section 7.8 Limitation of Liability of Indemnitees 67 65 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 66 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 68 Section 7.11 Purchase or Sale of Partnership Interests 70 68 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 68 Section 7.13 Reliance by Third Parties 7370

Appears in 1 contract

Samples: Limited Partnership Agreement (New Source Energy Partners L.P.)

Management and Operation of Business. Section 7.1 Management 61 60 Section 7.2 Replacement of Fiduciary Duties 63 62 Section 7.3 Certificate of Limited Partnership 63 62 Section 7.4 Restrictions on the General Partner’s Authority 63 Section 7.5 Reimbursement of the General Partner 64 63 Section 7.6 Outside Activities 65 64 Section 7.7 Indemnification 65 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 67 Section 7.10 Other Matters Concerning the General Partner 70 and Indemnitees 69 Section 7.11 Purchase or Sale of Partnership Interests 70 69 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 70 Section 7.13 Reliance by Third Parties 7372

Appears in 1 contract

Samples: Limited Partnership Agreement (Hi-Crush Partners LP)

Management and Operation of Business. Section 7.1 Management 61 85 Section 7.2 Replacement of Fiduciary Duties 63 87 Section 7.3 Certificate of Limited Partnership 63 87 Section 7.4 Restrictions on the General Partner’s Authority 63 88 Section 7.5 Reimbursement of the General Partner 64 88 Section 7.6 Outside Activities 65 89 Section 7.7 Indemnification 65 90 Section 7.8 Limitation of Liability of Indemnitees 67 91 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 92 Section 7.10 Other Matters Concerning the General Partner 70 94 Section 7.11 Purchase or Sale of Partnership Interests 70 95 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 95 Section 7.13 Reliance by Third Parties 7397

Appears in 1 contract

Samples: Limited Partnership Agreement (Dominion Energy Midstream Partners, LP)

Management and Operation of Business. Section 7.1 Management 61 62 Section 7.2 Replacement of Fiduciary Duties 63 65 Section 7.3 Certificate of Limited Partnership 63 65 Section 7.4 Restrictions on the General Partner’s Authority 63 65 Section 7.5 Reimbursement of the General Partner 64 65 Section 7.6 Outside Activities 65 66 Section 7.7 Indemnification 65 67 Section 7.8 Limitation of Liability of Indemnitees 67 69 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 70 Section 7.10 Other Matters Concerning the General Partner 70 72 Section 7.11 Purchase or Sale of Partnership Interests 70 72 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 73 Section 7.13 Reliance by Third Parties 7375

Appears in 1 contract

Samples: Limited Partnership Agreement (Oasis Midstream Partners LP)

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