Common use of Waiver of Participation and Transactions with the General Partner Clause in Contracts

Waiver of Participation and Transactions with the General Partner. Without limitation, neither the General Partner nor any of its Affiliates shall be required to offer or make available to, nor to account for, to the Partnership any property or other business or investment opportunity which the General Partner or its Affiliates may decide to acquire or engage in for its own account, and neither the acquisition nor the pursuit of any such other business, venture, investment or activity shall be unlawful, even if similar or in competition with the business of the Partnership. The Partnership may, subject to the other provisions of this Agreement and the obtaining, as the case may be, of required regulatory approvals, conclude any transaction that it deems appropriate with the General Partner or its Affiliates.