Other Operations. The Managing Partner shall devote such time to the NPI Partnership as is reasonably required to carry on the NPI Partnership business, and the Managing Partner and its Affiliates shall at all times be free, subject to any restrictions contained herein, to engage in all aspects of the Hydrocarbons and natural resources business for their own accounts and for the accounts of others. The Managing Partner will meet all fiduciary obligations that it owes to the Limited Partnership and the Unit Holders. Without limiting the generality of the foregoing, the Managing Partner and its Affiliates shall have the right to organize and operate other partnerships, joint ventures or other oil and gas investment programs similar to the Limited Partnership and the NPI Partnership.
Appears in 6 contracts
Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship
