Rights Obligations and Powers of the General Partner Sample Clauses

Rights Obligations and Powers of the General Partner. 6.1 Management of the Partnership.
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Rights Obligations and Powers of the General Partner. 15 4.1. Management Committee 15 4.2. Composition of Management Committee 16 4.3. Voting; Quorum 16 4.4. Meetings of Management Committee 17 4.5. Annual Budget 18 4.6. Bank Accounts 18 4.7. Delegation of Powers of Management Committee 18 4.8. Indemnification 18 4.9. Partner Responsibilities 20 4.10. Transactions with Affiliates 20 Article Page No. 4.11. Partner’s Commitment 21 4.12. No compensation to Management Committee 21 4.13. Payment of Costs and Expenses: General 21 4.14. Payment of Costs and Expenses: Development Expenses 21
Rights Obligations and Powers of the General Partner. 28 6.1. Management of the Partnership .................................................................................. 28
Rights Obligations and Powers of the General Partner 
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Related to Rights Obligations and Powers of the General Partner

  • Powers of the General Partner Subject to the limitations set forth in this Agreement, the General Partner will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

  • Reimbursement of the General Partner (a) Except as provided in this Section 7.4 and elsewhere in this Agreement, the General Partner shall not be compensated for its services as a general partner or managing member of any Group Member.

  • Liability of the General Partner A. Notwithstanding anything to the contrary set forth in this Agreement, none of the General Partner nor any of its officers, directors, agents or employees shall be liable or accountable in damages or otherwise to the Partnership, any Partners or any Assignees, or their successors or assigns, for losses sustained, liabilities incurred or benefits not derived as a result of errors in judgment or mistakes of fact or law or any act or omission if the General Partner acted in good faith.

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