Duties and Obligations of General Partner. The General Partner shall endeavor to conduct the affairs of the Partnership in the best interests of the Partnership and the mutual best interests of the Partners, including, without limitation, the safekeeping and use of all Partnership funds and assets and the use thereof for the benefit of the Partnership. The General Partner at all times shall act in good faith in all activities relating to the conduct of the business of the Partnership. The General Partner shall devote such time as it deems necessary to conduct the business and affairs of the Partnership in an appropriate manner.
Duties and Obligations of General Partner. 6.4.1 The General Partner shall take any and all actions which may be necessary, appropriate or advisable for the continuation of the Partnership’s existence as a limited partnership under the laws of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners or to enable the Partnership to conduct the business in which it is engaged) and activities related thereto.
Duties and Obligations of General Partner. (a) The General Partner shall take all actions which may be necessary or appropriate (i) for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of Texas (and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partner or to enable the Partnership to conduct the business in which it is engaged) and (ii) for the accomplishment of the Partnership's purposes, including the acquisition, development, maintenance, preservation, and operation of the Partnership's property and business in accordance with the provisions of this Agreement and applicable laws and regulations.
Duties and Obligations of General Partner. 5.5.1. The General Partner shall take such actions as may be necessary or appropriate to form, qualify and continue the Partnership as a limited partnership under the laws of the State of California and in order to form or qualify the Partnership under the laws of any other jurisdiction in which the Partnership is doing business or in which such formation or qualification is necessary to protect the limited liability of the Limited Partners or in order to continue in effect such formation or qualification. In this connection the General Partner shall cause a Certificate of Limited Partnership to be filed on behalf of the Partnership in the office of the California Secretary of State, and shall cause an amendment to the Certificate to be filed in such office, and in each other public office in which the Certificate was previously filed, within 30 days after the happening of any of the following events:
Duties and Obligations of General Partner. 5.5.1 As more fully set forth in Section 5.1 hereof, the General Partner shall take all actions which may be necessary or appropriate for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of Nevada and to enable the Partnership to conduct the business in which it is engaged.
Duties and Obligations of General Partner. (a) The General Partner shall cause to be provided, or cause the Partnership to carry, such insurance as is customary in the businesses in which the Partnership is engaged and in the place in which it is so engaged.
Duties and Obligations of General Partner. A. General Partner shall its best efforts to carry out the purposes, business and objectives of the Partnership referred to in Section 2.3, provided, however, that except as otherwise required by this Agreement, "best efforts" shall not obligate General Partner to expend its own funds. General Partner shall devote to Partnership business such time and effort as shall be reasonably required for the Partnership's welfare and success, including, without limitation, such of General Partner's time as may be necessary to (i) supervise the activities of the Manager, (ii) make inspections of the Project to determine if the Project is being properly maintained and that necessary repairs are being made thereto (and to take, or to cause the Manager to take, such steps as are necessary to effectuate such repairs), (iii) prepare or cause to be prepared all reports of operations which are to be furnished to the Partners or which are required by the Lender, and all taxing bodies or any other appropriate Governmental Authorities, (iv) subject to any additional requirements imposed by the Project Documents, cause the Project to be insured against fire and other risks covered by such insurance and cause the Manager to obtain and keep in force during the term of the Partnership business or rental interruption and worker's compensation (if applicable), in the manner specified in Section 6.01A of the Management Agreement, the Loan Documents, the Gap Loan Documents and the TIF Loan Documents, (v) cause the Partnership to obtain and maintain, either directly or pursuant to the Management Agreement, public liability insurance and casualty insurance for the benefit of the Partnership and the Partners in amounts specified in Section 6.01.A.4 of the Management Agreement, the Loan Documents, the Gap Loan Documents and the TIF Loan Documents, (vi) enforce all contracts entered into for the benefit of the Partnership, and (vii) do all other things which may be necessary to manage the affairs and business of the Partnership. In addition, General Partner shall promptly provide Special Limited Partner or Special Limited Partner's representatives with copies of such insurance policies upon request from time to time. General Partner shall review regularly all of the Partnership and Project insurance coverage to insure that such coverage is adequate and that such coverage complies with the provisions of the Management Agreement and/or this Section. Further, in the event of any casualty, to t...
Duties and Obligations of General Partner. 5.6.1 The General Partner shall take all actions which may be necessary or appropriate (a) for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of California (and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners or to enable the Partnership to conduct the business in which it is engaged) including the obligation to observe all partnership formalities, and (b) for the acquisition, development, maintenance, preservation and operation of Partnership Property in accordance with the provisions of this Agreement and applicable laws and regulations.
Duties and Obligations of General Partner. (a) The General Partner shall devote to the affairs of the Partnership such time as may be necessary for the proper performance of its duties hereunder, but neither the General Partner nor the officers, directors or shareholders of the General Partner shall be expected to devote their full time to the performance of such duties. The General Partner shall provide both equipment management and additional services relating to the continued and active operation of the Equipment, such as on-going marketing and re-leasing of equipment and maintenance, repair and storage services.
Duties and Obligations of General Partner. (a) The General Partner shall take all actions which it considers necessary or appropriate for the accomplishment of the Partnership’s purposes, in accordance with the provisions of this Agreement and applicable laws and regulations.
