Common use of Responsibilities of Partners Clause in Contracts

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 20 contracts

Samples: Highly Confidential (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.)

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Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 14 contracts

Samples: Agreement (Blackstone Group Inc), Highly (Blackstone Group L.P.), Blackstone Group L.P.

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 4 contracts

Samples: Blackstone Group Inc, Blackstone Group Inc, Blackstone Group Inc

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 4 contracts

Samples: Blackstone Inc., www.sec.gov, Blackstone Group L.P.

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Special Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 3 contracts

Samples: Blackstone Group L.P., Blackstone Group L.P., Blackstone Group L.P.

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates. Notwithstanding the foregoing no Partner other than General Partner is permitted to take part in the business of Partnership for the purposes of the Partnership Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Blackstone Inc.), Blackstone Inc.

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Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Blackstone Group Inc), Limited Partnership Agreement (Blackstone Group Inc)

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner in a particular case, each Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership and its Affiliates, and each Special Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 1 contract

Samples: Limited Partnership Agreement (Blackstone Group L.P.)

Responsibilities of Partners. (a) Unless otherwise determined by the General Partner Delaware GP in a particular case, each Regular Limited Partner (other than a Special Partner) shall devote substantially all of his or her time and attention to the businesses of the Partnership (but shall not be involved in the conduct of the business of the Partnership) and its Affiliates, and each Special Limited Partner shall not be required to devote any time or attention to the businesses of the Partnership or its Affiliates.

Appears in 1 contract

Samples: Blackstone Group L.P.

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