Common use of Sole and Absolute Discretion Clause in Contracts

Sole and Absolute Discretion. Whenever in this Agreement an ---------------------------- Indemnified Person is permitted or required to make a decision (i) in its "sole discretion" or "discretion", or under a similar grant of authority or latitude, the Indemnified Person shall be entitled to consider only such interests and factors as it desires and may consider its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its good faith or under another express standard, the indemnified Person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or by law or any other agreement contemplated herein.

Sole and Absolute Discretion. Whenever in this Agreement an ---------------------------- Indemnified Person is permitted or required to make a decision (i) in its "“sole discretion" ” or "“discretion"”, or under a similar grant of authority or latitude, the Indemnified Person shall be entitled to consider only such interests and factors as it desires and may consider its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its good faith or under another express standard, the indemnified Person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or by law or any other agreement contemplated herein.

Sole and Absolute Discretion. Whenever in this Agreement an ---------------------------- Indemnified Person is permitted or required to make a decision (i) in its "sole discretion" or "discretion", or under a similar grant of authority or latitude, the Indemnified Person shall be entitled to consider only such interests and factors as it desires and may consider its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its good faith or under another express standard, the indemnified Indemnified Person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or by law or any other agreement contemplated herein.