Common use of Restrictions on the General Partner Clause in Contracts

Restrictions on the General Partner. Notwithstanding anything in this Agreement to the contrary, the General Partner shall not do or be authorised to do anything (including acting or offering or agreeing to act as Manager) which might breach the provisions of the Act or constitute a regulated activity for the purpose of the FSMA unless it is authorised by the FSA to do so.

Restrictions on the General Partner. Notwithstanding anything in this Agreement to the contrary, the General Partner shall not do or be authorised to do anything (including acting or offering or agreeing to act as ManagerManager or custodian of Partnership Assets) which might breach the provisions of the Act or constitute a regulated activity for the purpose purposes of the FSMA unless it is authorised by the FSA an Authorised Person permitted to do so.