Activity of the General Partner. The General Partner and the Investment Manager and any of the Investment Manager's or the General Partner's respective partners, officers, directors, stockholders, employees or other agents (collectively, "Affiliates"), shall devote so much of their time to the affairs of the Partnership as in the judgment of the General Partner the conduct of its business shall reasonably require, and the General Partner or its Affiliates shall not be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Nothing herein contained shall be deemed to preclude the General Partner or an Affiliate from exercising investment responsibility, from engaging directly or indirectly, in any other business, irrespective of whether any such business is similar to the business of the Partnership or shall otherwise involve purchasing, selling, holding or otherwise dealing with Securities; and nothing herein contained shall be deemed to preclude the General Partner or an Affiliate from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities for the account of any such other business, for its own account, for any of its family members or for other clients, irrespective of whether any such Securities are purchased, sold, held or otherwise dealt with for the account of the Partnership. No Limited Partner shall, by reason of being a partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to a General Partner or its Affiliates from the conduct of any business other than the business of the Partnership or from any transaction in Securities effected by a General Partner or its Affiliates for any account other than that of the Partnership. The Investment Manager may structure and/or advise a structured product (such as a CDO, CRS or other product) on behalf of a certain investor (or group of investors) and the Partnership may play no role in managing, structuring or offering such other product.
Activity of the General Partner. The General Partner shall be required to devote such time as it reasonably deems necessary for the proper conduct of the Fund's affairs. Neither the General Partner nor any members, managers, partners, directors, officers, employees, agents or owners of the General Partner or the members, managers, partners, directors, officers, employees, agents or owners of any of such persons (collectively, "Affiliates") shall be obligated to perform any act in connection with the business of the Fund not expressly set forth herein. Nothing contained in this Section 2.6 shall preclude the General Partner or any of its Affiliates from, directly or indirectly, engaging in any other business or from purchasing, selling, holding or otherwise dealing with any Securities for, or from exercising any other investment responsibility over or providing investment advice to, an account of such person, a family member of such person, or any other person or entity. No Limited Partner shall, by reason of being a Partner, have any right to participate in any manner in any profits or income earned by the General Partner or any of its Affiliates from the conduct of any business other than the Fund business, or from any transaction in Securities effected by the General Partner or any of its Affiliates for any account other than a Fund account.
Activity of the General Partner. The General Part- --------------------------------------------- ner, Affiliates of the General Partner, and any of its respective members, officers, directors and employees (collectively, "Associates"), shall devote so much of their time to the affairs of the Partnership as in the judgment of the General Partner the conduct of its business shall reasonably require, and none of the General Partner, Affiliates or Associates shall be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Nothing herein contained in this Section 2.04 shall be deemed to preclude the General Partner, Affiliates or Associates from exercising invest- ment responsibility, from engaging directly or indirectly in any other business or from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities for the account of any such other business, for their own accounts, for any of their family members or for other clients. No Limited Partner shall, by reason of being a Partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the General Partner or any Affiliate or Associate from the conduct of any business other than the business of the Partnership or form any transaction in Securities effecting by the General Partner or such Affiliate or Associate for any account other than that of the Partnership.
Activity of the General Partner. Although nothing herein shall require the General Partner to devote its full time to the conduct of the affairs of the Partnership, the General Partner shall use reasonable efforts to carry out and implement the purposes of the Partnership and shall devote to the conduct of the affairs of the Partnership such time and activity as is reasonably necessary to manage and supervise the Partnership business and affairs in an efficient manner.
Activity of the General Partner. The General Partner (§ 3.1) shall be required to devote such time as it reasonably deems necessary for the proper conduct of the Fund's affairs. Neither the General Partner nor Affiliates of the General Partner (§ 3.2) shall be obligated to perform any act in connection with the business of the Fund not expressly set forth herein. Nothing contained in this shall preclude the General Partner or any of its Affiliates from, directly or indirectly, engaging in any other business or from purchasing, selling, holding or otherwise dealing with any Securities for, or from exercising any other investment responsibility over or providing investment advice to, an account of such person, a family member of such person, or any other person or entity. No Limited Partner (§ 4.1) shall, by reason of being a Partner, have any right to participate in any manner in any profits or income earned by the General Partner or any of its Affiliates from the conduct of any business other than the Fund business, or from any transaction in Securities effected by the General Partner or any of its Affiliates for any account other than a Fund account.
Activity of the General Partner. (a) The General Partner shall devote, and shall cause the Management Company to devote, so much of their time to the affairs of the Partnership as in the judgment of the General Partner the conduct of its business shall reasonably require, and none of the General Partner, the Management Company or their respective Affiliates shall be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Except as expressly provided in this Section 2.04, nothing contained in this Agreement, and no waivable provision of applicable law, shall be deemed to preclude the General Partner, the Management Company or their respective Affiliates or any shareholder, member, partner, director, officer or employee thereof (collectively, the "Management Group") from exercising investment responsibility, from engaging directly or indirectly in any other business or from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities for the account of any such other business, for their own accounts, for any of their family members or for other clients. No Limited Partner shall, by reason of being a partner in the Partnership, have any right to participate in any manner in any profits or income earned, derived by or accruing to the Management Group from the conduct of any business other than the business of the Partnership (to the extent provided herein) or from any transaction in Securities effected by any of the Management Group for any account other than that of the Partnership.
Activity of the General Partner. The General Partner shall devote so much of its time to the affairs of the Partnership as in the judgment of the General Partner the conduct of the Partnership's business shall reasonably require, and the General Partner shall not be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Nothing contained in this Sec. 2.04 shall be deemed to preclude the General Partner from exercising investment responsibility with respect to its own account or the account of any other client, from engaging directly or indirectly in any other business, or from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities for the account of any such other business, for its own account, or for the account of any other client, PROVIDED, HOWEVER, that notwithstanding the foregoing, the General Partner and its Affiliates shall comply with (i) the Joint Code of Ethics of the Limited Partner that has been or will be adopted pursuant to Rule 17j-1 under the 1940 Act (the "Joint Code"), as the Joint Code may be amended from time to time, and (ii) the Applicable Requirements. The Limited Partner shall not, by reason of being a partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the General Partner from the conduct of any business other than the business of the Partnership or from any transaction in Securities effected by the General Partner for any account other than that of the Partnership.
Activity of the General Partner. The General Partner, and its principals, managers, officers, directors, employees or persons acting in a similar capacity (collectively, “Affiliates”) shall devote such of their time as in their sole judgment is reasonably required for the conduct of the Partnership’s business. Nothing herein contained shall be deemed to preclude the General Partner and/or its Affiliates, consistent with the foregoing and its fiduciary obligations to the Limited Partners and the Partnership, or any Delegee,
Activity of the General Partner. The General Partner, as well as affiliates of the General Partner, and any of their respective members, partners, officers, directors, stockholders, employees, advisors, counsel, consultants or other agents (collectively, “Affiliates”), shall devote so much of their time to the affairs of the Partnership as in the judgment of the General Partner the conduct of its business shall reasonably require, and neither the General Partner nor its Affiliates shall be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Nothing herein contained in this Section 2.4 shall be deemed to preclude the General Partner or its Affiliates from exercising investment responsibility, or from engaging directly or indirectly in any other business, or from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities, for the account of any such other business, for their own accounts, or for the account of any of their family members or other clients. No Limited Partner shall, by reason of being a partner in the Partnership, have any right to participate in any manner in any profits or income earned or derived by or accruing to the General Partner or any Affiliate from the conduct of any business other than that of the Partnership, or from any transaction in Securities effected by the General Partner or any Affiliate for any account other than that of the Partnership.
Activity of the General Partner. The General Partner, and its affiliates (including, without limitation, the Manager and the Investment Manager) and their respective members, directors, shareholders, partners, officers and employees (collectively, excluding the General Partner, "Affiliates"), shall devote so much of their time to the affairs of the Partnership as in the judgment of the General Partner the conduct of its business shall reasonably require, and none of the General Partner or Affiliates shall be obligated to do or perform any act or thing in connection with the business of the Partnership not expressly set forth herein. Nothing contained in this Section 2.04 shall be deemed to preclude the General Partner or Affiliates from exercising investment responsibility, from engaging directly or indirectly in any other business or from directly or indirectly purchasing, selling, holding or otherwise dealing with any Securities, for the account of any such other business, for their own accounts, for any of their family members or for other clients. No Limited Partner shall, by reason of being a partner in the Partnership, have any right to participate in any manner in any profits or income earned, derived by or accruing to the General Partner or any Affiliate from the conduct of any business other than the business of the Partnership (to the extent provided herein) or from any transaction in Securities effected by the General Partner or any Affiliate for any account other than that of the Partnership.
