Continued Responsibility of General Partner Sample Clauses

Continued Responsibility of General Partner. Notwithstanding the General Partner's making the Maximum Permitted Delegation to Management, the General Partner shall remain responsible to the Partnerships for actions taken or omitted by Management within the scope of such delegation as if the General Partner had itself
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Continued Responsibility of General Partner. Notwithstanding the making by the General Partner of the Maximum Permitted Delegation to Management:
Sample 1
Continued Responsibility of General Partner. Notwithstanding the making by the General Partner of the Maximum Permitted Delegation to Management, the General Partner shall remain responsible to the MLP for actions taken or omitted by Management within the scope of such delegation as if the General Partner had itself taken or omitted to take any such actions. The General Partner's responsibility to the MLP is not expanded or limited by this Agreement and shall be in effect to the same extent and on the same terms and conditions as specified in the MLP Partnership Agreement or under Delaware law. The General Partner shall be entitled to monitor Management's performance under this Agreement and shall have the right and power to direct Management to take, or to cease from taking, any action that would constitute a breach of the MLP Partnership Agreement. The General Partner shall have access to the books, records and documents of the MLP and Management and to any of their officers, directors and employees to monitor Management's performance under this Agreement.
Sample 1
Continued Responsibility of General Partner. Notwithstanding the General Partner's making the Maximum Permitted Delegation to Management, the General Partner shall remain responsible to the Partnerships for actions taken or omitted by Management within the scope of such delegation as if the General Partner had itself taken or omitted to take any such actions. The General Partner's responsibility to each of the Partnerships is not expanded or limited by this Agreement and shall be in effect to the same extent and on the same terms and conditions as specified in the applicable Partnership Agreement or under Delaware law. Pursuant to Section 6.8(b) of each of the Partnership Agreements, in each case as amended as of the Effective Date, the General Partner is responsible for the misconduct or negligence of Management in performing the Maximum Permitted Delegation but is not responsible for any misconduct or negligence of other agents appointed by the General Partner in good faith. The General Partner shall be entitled to monitor Management's performance under this Agreement. The General Partner shall have the right and power to direct Management to take, or to cease from taking, any action that would constitute a breach of any Partnership Agreement. The General Partner shall have access to the books, records and documents of the Partnerships and Management and to their officers, directors and employees to monitor Management's performance under this Agreement. The General Partner shall have the right and power to direct Management to take, or to cease from taking, any action that would constitute a breach of any Partnership Agreement. The General Partner shall have access to the books, records and documents of the Partnerships and Management and to their officers, directors and employees to monitor Management's performance under this Agreement.
Sample 1

Related to Continued Responsibility of General Partner

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Responsibility of PFPC (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. PFPC shall be obligated to exercise care and diligence in the performance of its duties hereunder, to act in good faith and to use its best efforts in performing services provided for under this Agreement. PFPC shall be liable for any damages arising out of PFPC's failure to perform its duties under this Agreement to the extent such damages arise out of PFPC's willful misfeasance, bad faith, negligence or reckless disregard of such duties.

  • Joint Responsibilities In performing the Development Efforts, each party shall

  • Joint Responsibility If the Seller determines that the Interface Problem is attributable partially to the design of a Warranted Part and partially to the design of any Supplier Part, the Seller will, if so requested by the Buyer, seek a solution to the Interface Problem through cooperative efforts of the Seller and any Supplier involved. The Seller will promptly advise the Buyer of such corrective action as may be proposed by the Seller and any such Supplier. Such proposal will be consistent with any then existing obligations of the Seller hereunder and of any such Supplier towards the Buyer. Such corrective action, unless reasonably rejected by the Buyer, will constitute full satisfaction of any claim the Buyer may have against either the Seller or any such Supplier with respect to such Interface Problem.

  • Certain Duties and Responsibilities (a) Except during the continuance of an Event of Default,

  • Own responsibility Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Secured Party confirms to the Security Agent that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to:

  • Development Responsibilities From and after the Effective Date, BMS shall assume sole responsibility for the Development of Compounds and Products in the Field in the Territory during the Term at its own cost and expense (including responsibility for all funding, resourcing and decision-making, subject to Sections 3.3 and 3.4), except with respect to the performance by Ambrx of the Research Program activities assigned to Ambrx pursuant to the Research Plan and as otherwise may be agreed upon by the Parties in writing. BMS, by itself or through its Affiliates and Sublicensees, shall use Diligent Efforts to Develop a Compound or Product in the Field in accordance with the Development Plan for the purpose of obtaining a Regulatory Approval in each Major Market. For clarity, it is understood and acknowledged that Diligent Efforts in the Development of Compounds and Products may include sequential implementation of Clinical Trials and/or intervals between Clinical Trials for data interpretation and clinical program planning and approval.

  • Position Duties Responsibilities 3.01 It is contemplated that at all times during the Period of Employment the Executive shall continue to serve as a principal officer of the Company with the office and title of Vice President, General Counsel of the Company and continue to have duties and responsibilities commensurate with those duties and responsibilities imposed on the Executive immediately prior to the Effective Date.

  • Specific Responsibilities In addition to its overall responsibility for monitoring and providing a forum to discuss and coordinate the Parties’ activities under this Agreement, the JSC shall in particular:

  • RESPONSIBILITY OF PFPC TRUST (a) PFPC Trust shall be under no duty to take any action hereunder on behalf of the Fund or any Portfolio except as specifically set forth herein or as may be specifically agreed to by PFPC Trust and the Fund in a written amendment hereto. PFPC Trust shall be obligated to exercise care and diligence in the performance of its duties hereunder and to act in good faith in performing services provided for under this Agreement. PFPC Trust shall be liable only for any damages arising out of PFPC Trust's failure to perform its duties under this Agreement to the extent such damages arise out of PFPC Trust's willful misfeasance, bad faith, gross negligence or reckless disregard of its duties under this Agreement.

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