Common use of Duties of Officers Generally Clause in Contracts

Duties of Officers Generally. Subject to the terms of any Officer Employment Agreement, under the direction of and, at all times, subject to the authority of the General Partner, the Officers shall have full and complete discretion to manage and control the day-to-day business, operations and affairs of the Partnership in the ordinary course of its business, to make all decisions affecting the day-to-day business, operations and affairs of the Partnership in the ordinary course of its business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the General Partner shall have previously restricted (specifically or generally) such powers. In addition, the Officers shall have such other powers and duties as may be prescribed by the General Partner, this Agreement or such Officer’s Officer Employment Agreement. The Chief Executive Officer or, if there is no Chief Executive Officer, the President shall have the power and authority to delegate to any agents or employees of the Partnership rights and powers of Officers of the Partnership to manage and control the day-to-day business, operations and affairs of the Partnership in the ordinary course of its business, as the Chief Executive Officer or, if applicable, the President may deem appropriate from time to time, in each case, unless the General Partner shall have previously restricted (specifically or generally) such powers.

Duties of Officers Generally. Subject to the terms of any Officer Employment Agreement, under Under the direction of and, at all times, subject to the authority of the General PartnerManager(s) /Managing Members , the Officers officers shall have full and complete the discretion to manage and control the day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business, to make all decisions decisions, except those expressly reserved or requiring the approval of the Manager(s) /Managing Members hereunder, affecting the day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the General Partner Manager(s) /Managing Members shall have previously restricted (specifically or generally) such powers. In addition, the Officers officers shall have such other powers and duties as may be prescribed by the General Partner, Manager(s) /Ma_naging Members or this Agreement or such Officer’s Officer Employment Agreement. The Chief Executive Officer or, if there is no Chief Executive Officer, the President shall have the power and authority to delegate to any agents or employees of the Partnership Company rights and powers of Officers officers of the Partnership Company to manage and control the day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business, as the Chief Executive Officer or, if applicable, the President may deem appropriate from time to time, in each case, unless the General Partner Manager(s) /Managing Members shall have previously restricted (specifically or generally) such powers.such

Duties of Officers Generally. Subject to the terms of any Officer Employment Agreement, under Under the direction of and, at all times, subject to the authority of the General PartnerBoard and as further described in the NYSE Euronext Agreement, the Officers and NYSE Group, pursuant to the NYSE Euronext Agreement, shall have full and complete discretion discretion, subject to the terms of this Agreement, to manage and control the the‌ day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business, to make all decisions affecting the day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the General Partner Board shall have previously restricted (specifically or generally) such powers. In addition, the Officers shall have such other powers and duties as may be prescribed by the General Partner, Board or this Agreement or such Officer’s Officer Employment Agreement. The Chief Executive Officer or, if there is no Chief Executive Officer, the President shall have the power and authority to delegate to any agents or employees of the Partnership Company rights and powers of Officers of the Partnership to manage and control the day-to-day business, operations and affairs of the Partnership Company in the ordinary course of its business, as the Chief Executive Officer or, if applicable, the President may deem appropriate from time to time, in each case, unless the General Partner Board shall have previously restricted (specifically or generally) such powers. Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law; provided that in the event the Chief Executive Officer is also a Director, this sentence shall not apply to such Chief Executive Officer acting in his or her capacity as a Director.