Common use of Waiver of Self-Dealing Clause in Contracts

Waiver of Self-Dealing. The Managing General Partner shall have the authority to enter into any transaction on behalf of the Partnership despite the fact that another party to the transaction may be (i) a trust of which a Partner is a trustee or beneficiary; (ii) an estate of which a Partner is an executor, administrator or beneficiary; (iii) a business controlled by one or more Partners or a business of which any Partner is also a director, officer or employee; (iv) any Affiliate; (v) any Partner, acting individually; or (vi) any relative of a Partner; provided the terms of the transaction are no less favorable than those the Partnership could obtain from unrelated third parties.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Moroney Management LTD), Limited Partnership Agreement (Moroney Management LTD)

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Waiver of Self-Dealing. The Managing General Partner shall have the authority to enter into any transaction on behalf of the Partnership despite the fact that another party to the any such transaction may be (i) a trust Trust of which a Partner is a trustee or beneficiary; (ii) an estate of which a Partner is an executor, administrator a personal representative or beneficiary; (iii) a business controlled by one or more Partners or a business of which any Partner is also a director, officer or employee; (iv) any Affiliateaffiliate or business associate of a Partner; or (v) any Partner, acting individually; individually or (vi) any relative of a Partner; , provided the terms of the transaction are no less favorable than those the Partnership could obtain from form an unrelated third partiesparty.

Appears in 1 contract

Samples: Limited Partnership Agreement (JMA Associates, Inc.)

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Waiver of Self-Dealing. The Managing General Partner shall have the authority to enter into any transaction on behalf of the Partnership despite the fact that another party to the any such transaction may be (i) a trust Trust of which a Partner is a trustee or beneficiary; (ii) an estate of which a Partner is an executor, administrator a personal representative or beneficiary; (iii) a business controlled by one or more Partners or a business of which any Partner is also a director, officer or employee; (iv) any Affiliateaffiliate or business associate of a Partner; or (v) any Partner, acting individually; individually or (vi) any relative of a Partner; , provided the terms of the transaction are no less favorable than those the Partnership could obtain from an unrelated third partiesparty.

Appears in 1 contract

Samples: Limited Partnership Agreement (Advanced Prosthetics of America, Inc.)

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