Common use of Other Agreements of the General Partner Clause in Contracts

Other Agreements of the General Partner. A. Anything in this Agreement to the contrary notwithstanding, it is agreed that: (i) the General Partner and its Affiliates shall not take any action with respect to the assets or property of the Limited Partnership which does not benefit primarily the Limited Partnership, including the utilization of Limited Partnership funds as compensating balances for the benefit of the General Partner or its Affiliates; (ii) neither the General Partner nor any Affiliate shall render to the Limited Partnership any services nor sell or lease to the Limited Partnership any equipment or supplies unless: (a) the General Partner or Affiliate is engaged, independently of the Limited Partnership, in the business of rendering such services or selling or leasing such equipment and supplies to other Persons; (b) the compensation, price or rental therefor is competitive with the compensation, price or rental of other Persons in the area engaged in the business of rendering comparable services or selling or leasing comparable equipment and supplies which could reasonably be made available to the Limited Partnership; and (c) provided that, if the General Partner or Affiliate is not engaged in a business within the meaning of subdivision (a), then such compensation, price or rental shall be the cost of such services, equipment or supplies to the General Partner or Affiliate or the competitive rate which could be obtained in the area, whichever is less.