Duties of General Partner. (a) The General Partner, subject to the limitations contained elsewhere in this Agreement, shall manage or cause to be managed the affairs of the Partnership in a prudent and businesslike manner and shall devote sufficient time and effort to the Partnership affairs.
Appears in 28 contracts
Samples: Initial and Corporate (Innsuites Hospitality Trust), Contribution Agreement (Ashford Hospitality Trust Inc), Notice and Agreement (Stirling Hotels & Resorts, Inc.)
Duties of General Partner. (a) The General Partner, subject to the limitations contained elsewhere set forth in this Agreement, shall manage or cause to be managed the affairs of the Partnership in a prudent and businesslike manner and at all times act and exercise its discretion hereunder in a reasonable manner consistent with its fiduciary duty to the Limited Partners and shall devote sufficient time and effort to the Partnership affairs.
Appears in 1 contract
Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)
