Powers, Duties and Obligations Sample Clauses

Powers, Duties and Obligations. The General Partner has:
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Powers, Duties and Obligations. The Acquisition/Construction ------------------------------ Agent shall have the following powers, duties and obligations:
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Powers, Duties and Obligations. OF WG -----------------------------------------
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Powers, Duties and Obligations. 1. ICMC shall take whatever action is necessary concerning title promptly and at ICMC's expenses. The obligation and responsibility to use good faith in pursing marketable title shall be the obligation and responsibility of ICMC.
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Powers, Duties and Obligations. Subject to any delegation of its powers properly authorized hereunder, the management and operation of the Limited Partnership shall be vested in the Managing General Partner. The Managing General Partner shall have the rights, powers and obligations required to be vested in or assumed by a Managing General Partner of a limited partnership under the Act. The Managing General Partner is required to exercise its powers and discharge its duties honestly, in good faith and in the best interests of the Limited Partnership and to exercise the degree of care, diligence and skill of a reasonably prudent and qualified Person in comparable circumstances. In furtherance, but not in limitation of, the foregoing sentence of this Section 3.1, the Managing General Partner shall have fiduciary responsibility for the safekeeping and use of all funds and assets (including records) of the Limited Partnership, whether or not in its immediate possession or control, and the Managing General Partner shall not employ, or permit any Person to employ, such funds or assets in any manner except for the exclusive benefit of the Limited Partnership. Except as otherwise expressly provided in this Agreement or by law, the Managing General Partner is hereby vested with the full, exclusive and complete right, power and discretion to operate, manage and control the affairs of the Limited Partnership and to make all decisions affecting Limited Partnership affairs, as deemed proper, convenient or advisable by the Managing General Partner in order to carry on the business of the Limited Partnership. The Managing General Partner is liable, as a general partner, for the debts, liabilities, losses and obligations of the Limited Partnership. No person dealing with the Limited Partnership is required to inquire into the authority of the Managing General Partner to take any action or make any decision on behalf of and in the name of the Limited Partnership, and the Limited Partnership will be bound by all agreements made by the Managing General Partner on its behalf.
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Powers, Duties and Obligations. The Acquisition Agent shall have the following powers, duties and obligations with respect to each Schedule:
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Powers, Duties and Obligations. 28 6.2 SPECIFIC POWERS AND DUTIES OF GENERAL PARTNER................... 28 6.3 BORROWINGS...................................................... 30 6.4
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Powers, Duties and Obligations. (a) the REIT GP has:
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Related to Powers, Duties and Obligations

  • Duties and Obligations The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  • Survival of Rights, Duties and Obligations 17.6.1 Termination of this Agreement for any cause shall not release a Party from any liability which at the time of termination has already accrued to the other Party or Parties or which thereafter may accrue in respect of any act or omission prior to such termination.

  • Duties and Obligations of Employee General Duties

  • Liabilities and Obligations 33 6.8 Conformity with Law; Litigation.................................33 6.9 No Violations...................................................33 6.10

  • Duties and Obligations of Administrative Agent The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties), (b) the Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or under any other Loan Document or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those conditions precedent expressly required to be to the Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition of the Borrower and its Subsidiaries or any other obligor or guarantor, or (vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or the performance or observance of any covenants, agreements or other terms or conditions set forth herein or therein. For purposes of determining compliance with the conditions specified in Article VI, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed closing date specifying its objection thereto.

  • Finance Parties’ rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.

  • Parties' Rights and Obligations If during the Term there is any Taking of all or any part of the Leased Property or any interest in this Lease by Condemnation, the rights and obligations of the parties shall be determined by this Article XV.

  • Rights and Obligations of the Parties 13.2.1 The client shall be under obligation:

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