Duties of the General Partner. (a) The General Partner shall use its reasonable efforts to carry out the business of the Partnership. The General Partner shall devote itself to the business of the Partnership to the extent that it reasonably may determine to be necessary. Whenever reasonably requested by the Limited Partners, the General Partner shall render a just and faithful account of all dealings and transactions relating to the business of the Partnership.
Duties of the General Partner. The General Partner shall perform the General Partner’s duties and obligations under this Agreement and under applicable law in order to carry out the Purpose of the Partnership in an orderly and expeditious manner. The General Partner shall have the duty to conduct the affairs of the Partnership as a fiduciary for the exclusive benefit of the Partners, consistent with the terms of this Agreement, and to use all Partnership funds and assets in the best interests of the Partners.
Duties of the General Partner. The sole duty of the General Partner to the Partnership and to the Partners shall be to comply in good faith with the terms of this Agreement in a manner that does not constitute Disabling Conduct. It is the express intention of the Partners that the provisions of this Agreement, to the extent that they restrict or eliminate the duties of the General Partner to the Partnership or to any Partners otherwise existing at law or in equity, replace such other duties and liabilities; provided, that the foregoing shall not restrict the implied covenant of good faith and fair dealing.
Duties of the General Partner. (a) Whenever the General Partner makes a determination or takes or declines to take any other action, or any of its Affiliates causes it to do so, in its individual capacity as opposed to in its capacity as a general partner of the Partnership, whether under this Agreement or any other agreement contemplated hereby or otherwise, then the General Partner, or such Affiliates causing it to do so, are entitled, to the fullest extent permitted by Law, to make such determination or to take or decline to take such other action free of any duty (including any fiduciary duty) or obligation whatsoever to the Partnership, any Limited Partner, any Record Holder or any other Person bound by this Agreement, and the General Partner, or such Affiliates causing it to do so, shall not, to the fullest extent permitted by law, be required to act pursuant to any other standard imposed by this Agreement, any other agreement contemplated hereby or under the Act or any other Law.
Duties of the General Partner. Without limiting applicability of any other provision of this Agreement, (including, without limitation, the other provisions of this Article 13, which shall control notwithstanding anything to the contrary in this Section 13.5), the following provisions shall be applicable to the General Partner:
Duties of the General Partner. The General Partner shall manage, or cause to be managed, the affairs of the Partnership in a prudent and businesslike manner and shall devote such part of its time to the Partnership affairs as is reasonably necessary for the conduct of such affairs.
Duties of the General Partner. The General Partner shall do the following:
Duties of the General Partner. Subject to the rights and powers of the Management Committee as described in Section 3.4, the General Partner shall manage and control the business and affairs of the Company in the manner the General Partner deems appropriate and necessary in order to carry out the purpose of the Company as set forth in Section 2.4.
Duties of the General Partner. The General Partner shall act, and shall cause Regency or any of its Affiliates that perform services on behalf of the Partnership to act, in good faith in the best interests of the Partnership and with the care an ordinarily prudent institutional real estate advisor or service provider, as applicable, in a like position would exercise under similar circumstances, and the General Partner shall not take any action or fail to take any action or cause or permit Regency or any such Affiliate of Regency to take any action or fail to take any action, which action or failure to act would constitute Disabling Conduct.
Duties of the General Partner. The General Partner and its officers, executives and employees shall be obligated to devote as much of their business time to the Partnership’s business as the General Partner reasonably determines to be required to conduct the business of the Partnership and the Property Subsidiary in an efficient manner and to meet the General Partner’s obligations hereunder. Without limiting the generality of the foregoing and notwithstanding anything to the contrary contained in this Agreement, the General Partner shall, in carrying out its obligations under this Agreement, exercise such care and skill as a prudent owner with sophistication and experience in owning, operating, developing and managing property like the Property would exercise in dealing with its own property; provided, that performance by the General Partner of its obligations with respect to operation and management of the Partnership is conditioned upon issuance of all necessary approvals by the Partners and the availability of sufficient Partnership funds to perform such obligations. The General Partner shall, at its own cost and expense, but only to the extent applicable to such Person acting as General Partner and reasonably commercially available, secure for itself directors’ and officers’ liability insurance, general liability, worker’s compensation, fidelity and worker’s compensation for its employees in a reasonable amounts. Notwithstanding anything to the contrary in this Agreement, the General Partner is not authorized to take any act which would make it impossible to carry on the ordinary business of the Partnership or the Property Subsidiary or in contravention of this Agreement or that is otherwise required to be approved by the Partners under this Agreement, in each case, without the approval of each Partner.
