Common use of PROPER USE OF ASSETS Clause in Contracts

PROPER USE OF ASSETS. The General Partner shall have a fiduciary responsibility to the Limited Partners for the safekeeping and proper use of all assets of the Partnership whether or not such assets are in the immediate possession or control of the General Partner. 8.6 REMOVAL, RESIGNATION OR OTHER TERMINATION OF THE GENERAL PARTNER.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)

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PROPER USE OF ASSETS. The General Partner shall have a fiduciary responsibility responsibilities to the Limited Partners for the safekeeping and proper use of all assets of the Partnership whether or not such assets are in the immediate possession or control of the General Partner. 8.6 REMOVAL, RESIGNATION OR OTHER TERMINATION OF THE GENERAL PARTNER.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

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PROPER USE OF ASSETS. The General Partner shall have a fiduciary responsibility to the Limited Partners for the safekeeping and proper use of all assets of the Partnership whether or not such assets are in the immediate possession or control of the General PartnerPartners. 8.6 REMOVAL, RESIGNATION OR OTHER TERMINATION OF THE GENERAL PARTNER.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

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