Common use of Duties of the General Partner Clause in Contracts

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.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Jamestown Atlanta Invest 1, LLC), Limited Partnership Agreement (Jamestown Atlanta Invest 1, LLC), Limited Partnership Agreement (Jamestown Invest 1, LLC)

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