Common use of Management and Operations of Business Clause in Contracts

Management and Operations of Business. 29 Section 7.1 Management. 29 Section 7.2 Certificate of Limited Partnership. 32 Section 7.3 Restrictions on General Partner’s Authority. 32 Section 7.4 Reimbursement of the General Partner. 33 Section 7.5 Outside Activities of the General Partner. 35 Section 7.6 Contracts with Affiliates. 35 Section 7.7 Indemnification. 36 Section 7.8 Liability of the General Partner. 38 Section 7.9 Other Matters Concerning the General Partner. 38 Section 7.10 Title to Partnership Assets. 39 Section 7.11 Reliance by Third Parties. 39

Management and Operations of Business. 29 Section 7.1 Management7.1. 29 Management Section 7.2 7.2. Certificate of Limited PartnershipPartnership Section 7.3. 32 Section 7.3 Restrictions on General Partner’s AuthorityPartner Authority Section 7.4. 32 Section 7.4 Reimbursement Compensation of the General PartnerPartner Section 7.5. 33 Section 7.5 Outside Activities of the General PartnerPartner Section 7.6. 35 Section 7.6 Contracts with AffiliatesAffiliates Section 7.7. 35 Indemnification Section 7.7 Indemnification7.8. 36 Section 7.8 Liability of the General PartnerPartner Section 7.9. 38 Section 7.9 Other Matters Concerning the General PartnerPartner Section 7.10. 38 Section 7.10 Title to Partnership AssetsAssets Section 7.11. 39 Section 7.11 Reliance by Third PartiesParties Section 7.12. 39Covenants Restricting Operation of Business

Management and Operations of Business. 29 Section 7.1 Management. 29 Section 7.2 Certificate of Limited Partnership. 32 Section 7.3 Restrictions on General Partner’s Authority. 32 Section 7.4 Reimbursement of the General Partner. 33 Section 7.5 Outside Activities of the General Partner. 35 34 Section 7.6 Contracts with Affiliates. 35 Section 7.7 Indemnification. 36 Section 7.8 Liability of the General Partner. 38 37 Section 7.9 Other Matters Concerning the General Partner. 38 Section 7.10 Title to Partnership Assets. 39 38 Section 7.11 Reliance by Third Parties. 3938

Management and Operations of Business. 29 Section 7.1 Management7.1. 29 Management 23 Section 7.2 7.2. Certificate of Limited PartnershipPartnership 26 Section 7.3. 32 Section 7.3 Restrictions on General Partner’s AuthorityPartner Authority 27 Section 7.4. 32 Section 7.4 Reimbursement of the General PartnerPartner and the Company 27 Section 7.5. 33 Section 7.5 Outside Activities of the General PartnerPartner 28 Section 7.6. 35 Section 7.6 Contracts with AffiliatesAffiliates 28 Section 7.7. 35 Indemnification 29 Section 7.7 Indemnification7.8. 36 Section 7.8 Liability of the General PartnerPartner 30 Section 7.9. 38 Section 7.9 Other Matters Concerning the General PartnerPartner 31 Section 7.10. 38 Section 7.10 Title to Partnership AssetsAssets 32 Section 7.11. 39 Section 7.11 Reliance by Third Parties. 39Parties 32

Management and Operations of Business. 29 40 Section 7.1 Management. 29 Management 40 Section 7.2 Certificate of Limited Partnership. 32 Partnership 46 Section 7.3 Restrictions on General Partner’s Authority. 32 Authority 46 Section 7.4 Reimbursement of the General Partner. 33 Partner 49 Section 7.5 Outside Activities of the General Partner. 35 Partner and IMC REIT 50 Section 7.6 Contracts Transactions with Affiliates. 35 Affiliates 51 Section 7.7 Indemnification. 36 Indemnification 52 Section 7.8 Liability of the General Partner. 38 Partner 54 Section 7.9 Other Matters Concerning the General Partner. 38 Partner 57 Section 7.10 Title to Partnership Assets. 39 Assets 58 Section 7.11 Reliance by Third Parties. 39Parties 58

Management and Operations of Business. 29 60 Section 7.1 Management. 29 60 Section 7.2 Certificate of Limited Partnership. 32 65 Section 7.3 Restrictions on General Partner’s Authority. 32 65 Section 7.4 Reimbursement of the General Partner. 33 67 Section 7.5 Outside Activities of the General Partner. 35 68 Section 7.6 Contracts Transactions with Affiliates. 35 69 Section 7.7 Indemnification. 36 69 Section 7.8 Liability of the General Partner. 38 72 Section 7.9 Other Matters Concerning the General Partner. 38 74 Section 7.10 Title to Partnership Assets. 39 75 Section 7.11 Reliance by Third Parties. 3975

Management and Operations of Business. 29 31 Section 7.1 Management. 29 31 Section 7.2 Certificate of Limited Partnership. 32 Partnership 34 Section 7.3 Restrictions on General Partner’s Authority. 32 34 Section 7.4 Reimbursement of the General PartnerPartner and Parent. 33 35 Section 7.5 Outside Activities of the General Partner. 35 Partner 36 Section 7.6 Contracts with Affiliates. 35 36 Section 7.7 Indemnification. 36 37 Section 7.8 Liability of the General Partner. 38 Section 7.9 Other Matters Concerning the General PartnerPartner and the Parent. 38 39 Section 7.10 Title to Partnership Assets. Assets 39 Section 7.11 Reliance by Third Parties. 39Parties 40

Management and Operations of Business. 29 Section 7.1 Management. 29 7.01 Management Section 7.2 7.02 Certificate of Limited Partnership. 32 Partnership Section 7.3 7.03 Restrictions on General Partner’s Authority. 32 Partner Authority Section 7.4 7.04 Reimbursement of the General Partner. 33 Partner and the Company Section 7.5 7.05 Outside Activities of the General Partner. 35 Partner Section 7.6 7.06 Contracts with Affiliates. 35 Affiliates Section 7.7 Indemnification. 36 7.07 Indemnification Section 7.8 7.08 Liability of the General Partner. 38 Partner Section 7.9 7.09 Other Matters Concerning the General Partner. 38 Partner Section 7.10 Title to Partnership Assets. 39 Assets Section 7.11 Reliance by Third Parties. 39Parties Section 7.12 Special Servicing Section 7.13 Collateral Administration Services

Management and Operations of Business. 29 Section 7.1 Management. 29 Management 31 Section 7.2 Amendment of Agreement and Certificate of Limited Partnership. 32 37 Section 7.3 Restrictions on General Partner’s Authority. 32 Partner Authority 37 Section 7.4 Reimbursement of the General Partner. 33 Partner 39 Section 7.5 Outside Activities of the General Partner. 35 Partner 40 Section 7.6 Contracts Transactions with Affiliates. 35 Affiliates 41 Section 7.7 Indemnification. 36 Indemnification 42 Section 7.8 Liability of the General Partner. 38 44 Section 7.9 Other Matters Concerning the General Partner. 38 Partner 45 Section 7.10 Title to Partnership Assets. 39 Assets 46 Section 7.11 Reliance by Third Parties. 39Parties 46 Section 7.12 Loans by Third Parties 46