Common use of Certain Standards Clause in Contracts

Certain Standards. Whenever in this Agreement any Partner is permitted or required to make a decision (i) in its "sole discretion" or "discretion," or under a similar grant of authority or latitude, such Partner 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 other Partners, or (ii) in "good faith" or under another express standard, such Partner shall be entitled to 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.