Common use of Determinations by General Partner Clause in Contracts

Determinations by General Partner. Notwithstanding anything expressed or implied to the contrary in this Agreement, in the event the General Partner shall determine, in its sole and absolute discretion, that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto, are computed in order to effectuate the intended economic sharing arrangement of the Partners, the General Partner may make such modification.

Appears in 32 contracts

Sources: Limited Partnership Agreement, Agreement of Limited Partnership, Governance Agreement (Och-Ziff Capital Management Group LLC)