General Partner definition
Examples of General Partner in a sentence
The General Partner further acknowledges and agrees that it is and shall be jointly and severally liable for any such violations of, or liabilities under, the CEA or Part 4 of the CFTC Rules; provided, that nothing herein shall relieve the General Partner from any contractual right to indemnification under any agreement or instrument, or to coverage under any policy of insurance, to the maximum extent permitted by law.
The General Partner, on behalf of BXHF, shall appoint the Investment Manager to be responsible for and perform all functions that, in the General Partner’s reasonable discretion, constitute: (i) portfolio management and risk management functions in respect of BXHF, and (ii) such other functions or responsibilities (if any) as the General Partner determines are appropriate to be carried out by the Investment Manager, in each case, in substitution for, and to the exclusion of, the General Partner.
The General Partner will monitor the Investment Manager’s performance of such functions.
Notwithstanding anything in this Agreement to the contrary, the General Partner acknowledges and agrees that the delegation pursuant to this Section 2(e) does not relieve the General Partner from liabilities arising under, or for violations of, the CEA or Part 4 of the CFTC Rules in connection with the operation of the Partnership and the Aggregator, respectively.
The management, policies and operations of BXHF shall be the responsibility of the General Partner acting pursuant to and in accordance with the Partnership Agreements, and all decisions relating to BXHF matters, including, without limitation, the acquisition, management and disposition of Investments, shall be made by the General Partner acting pursuant to and in accordance with the Partnership Agreements.