Common use of Discretion Clause in Contracts

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision (i) in its "sole discretion" or "discretion" or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, or (ii) in its "good faith" or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (i) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund Company or the Members, ; or (ii) in its "“good faith" ” or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (i) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, ; or (ii) in its "“good faith" ” or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, Agreement a person is permitted or required to make a decision (i) in its "sole discretion" or "discretion" or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the MembersLimited Partners, or (ii) in its "good faith" or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, Agreement a person is permitted or required to make a decision (i) in its "sole discretion" or "discretion" or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, or (ii) in its "good faith" or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever except as provided elsewhere in this Agreement, whenever in this Agreement a person Person is permitted or required to make a decision (i) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be Person is entitled to consider only such interests and factors as it desires, including its own interests, and shall have has no duty or obligation to give any consideration to any interest of or factors affecting the Fund Partnership or the MembersLimited Partners, or (ii) in its "“good faith" ” or under another express standard, then such person shall act Person acts under such express standard and shall is not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (i) in its "sole discretion" or "discretion" or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Master Fund or the Members, ; or (ii) in its "good faith" or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (i) in its "sole discretion" or "discretion" or under a grant of similar authority auth01ity or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, ; or (ii) in its "good faith" or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision (i) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, or (ii) in its "“good faith" ” or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (ia) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Fund or the Members, ; or (iib) in its "“good faith" ” or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.

Discretion. To the fullest extent permitted by law, whenever in this Agreement, a person is permitted or required to make a decision decision: (i) in its "“sole discretion" ” or "“discretion" ” or under a grant of similar authority or latitude, such person shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the TEI Fund or the Members, ; or (ii) in its "“good faith" ” or under another express standard, then such person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or any other agreement contemplated herein or by relevant provisions of law or in equity or otherwise.