Disabling Conduct definition

Disabling Conduct shall have the meaning designated in Section 8.4 hereof.

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Disabling Conduct shall be as defined in Section 1.

Disabling Conduct has the meaning set forth in Section 2.9(a).

Examples of Disabling Conduct in a sentence

Except as otherwise required by law or for Disabling Conduct, Managing Partners shall not be liable to any Partner or the Partnership for any loss attributable to any act or omission taken in good faith in connection with the winding up of the Partnership and the distribution of the Partnership’s assets.
The Partners hereby agree that, except as otherwise expressly provided herein or required by applicable law, no Partner shall have an obligation to return money or other property paid or distributed to such Partner whether or not such distribution was in violation of the Act, except to the extent arising from Disabling Conduct of such Partner.
No Covered Person shall be liable or accountable in damages or otherwise to the Partnership or to any Partner for any loss or liability arising out of any act or omission on behalf of the Partnership taken or omitted by such Covered Person, so long as such act or omission did not constitute Disabling Conduct.

More Definitions of Disabling Conduct

Disabling Conduct means conduct that constitutes fraud, a willful violation of law, gross negligence or reckless disregard of duty in the conduct of the duties of the Person referred to.

Disabling Conduct means willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the Trustee’s office. Disabling Conduct also shall mean (i) an act or omission of Indemnitee that is material to the matter giving rise to a Proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, (ii) actual receipt of an improper personal benefit in money, property or services by Indemnitee, or (iii) in the case of a criminal proceeding, the Indemnitee had reasonable cause to believe that the act or omission was unlawful.

Disabling Conduct means, with respect to Indemnitee, any act or omission resulting from fraud, gross negligence, willful breach of the Company Organizational Documents or other Enterprise Organizational Documents or a willful illegal act (other than an act or omission treated as a criminal violation in a foreign country that is not a criminal violation in the United States).

Disabling Conduct means the Trustee’s willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office.

Disabling Conduct of a director or officer shall mean such person's willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office or any other conduct prohibited under Section 17(h) of the 1940 Act or any other applicable securities laws;

Disabling Conduct means, on the part of the Investment Adviser, any willful misfeasance, bad faith, or gross negligence in the performance of its duties owed to the Company, or reckless disregard of its obligations and duties owed to the Company;

Disabling Conduct means, with respect to any Covered Person, fraud, willful misfeasance, conviction of a felony, a willful violation of Law having a material adverse effect on the Company, gross negligence or reckless disregard of duties in the conduct of such Person’s office or a material violation of this Agreement that, if curable, is not cured within 30 days after a written notice describing such violation has been given to such Covered Person.