Common use of The General Manager Clause in Contracts

The General Manager. (a) The General Manager of the Partnership shall be appointed by the Management Committee and shall serve for a term of one (1) year unless extended by action of the Management Committee. The General Manager is hereby vested with such executive and financial authority as to enable him to direct the business and affairs of the Partnership, subject to the directions of the Management Committee and in accordance with this Agreement. The General Manager shall be authorized to execute documents within the scope of his authority on behalf of the Partnership which will bind the Partnership without the necessity of obtaining the signature of either of the Partners. The General Manager shall be responsible for the implementation of the various decisions of the Management Committee and for the day-to-day management and operation of the Partnership. The General Manager shall regularly inform the Management Committee of the Partnership's on-going activities. The General Manager shall report to and take direction from the Management Committee. The General Manager shall enter into transactions on behalf of the Partnership except that the General Manager is not authorized to take any action on a Fundamental Issue unless such action shall have been approved by the Partners of the Management Committee under Section 5.2. (b) The General Manager shall provide the following reports to the Management Committee: (i) daily position reports; (ii) a weekly management report; (iii) a monthly report on the financial condition and the business prospects of the Partnership; (iv) a monthly report summarizing all claims made and suits filed against the Partnership, all potential claims and suits, and the final settlement or other resolution of claims and suits; and (v) other reports requested by the Management Committee or one of the Partners.

The General Manager. (a) The General Manager shall be a Cargill employee so long as the administration and trading functions of the Partnership are predominantly operated out of Cenex Harvest States' facilities. If the Partnership's administration and trading functions are moved to any Cargill facility, the General Manager shall be appointed by the Management Committee and shall serve for a term an employee of one (1) year unless extended by action of the Management CommitteeCenex Harvest States. The General Manager is hereby vested with such executive and financial authority as to enable him to direct the business and affairs of the Partnership, subject to the directions of the Management Committee and in accordance with this AgreementAgreement and the annual budget adopted by the Management Committee. The General Manager shall be authorized to execute documents within the scope of his authority on behalf of the Partnership which will bind the Partnership without the necessity of obtaining the signature of either of the Partners. The General Manager shall be responsible for the implementation of the various decisions of the Management Committee and for the day-to-day to day management and operation of the Partnership. The General Manager shall regularly inform the Management Committee of the Partnership's on-going ongoing activities. The General Manager shall report to and take direction from the Management Committee. The General Manager shall enter into transactions on behalf of the Partnership except that the General Manager is not authorized to take any action on a Fundamental Issue unless such action shall have been approved by the Partners of the Management Committee under pursuant to Section 5.25.2(c). (b) The General Manager shall provide the following reports to the Management Committee: (i) daily position reports; (ii) a weekly management report; (iii) a monthly report on the financial condition and the business prospects of the Partnership; (iv) a monthly report summarizing all claims made and suits filed against the Partnership, all potential claims and suits, and the final settlement or other resolution of claims and suits; and (v) other reports requested by the Management Committee or one of the Partners.

The General Manager. (a) The 6.1.1 Cargill shall appoint the General Manager so long as the administration and trading functions of the Partnership Company are predominantly operated out of CHS' facilities. If the Company's administration and trading functions are moved to any Cargill facility, the General Manager shall be appointed by the Management Committee and shall serve for a term of one (1) year unless extended by action of the Management CommitteeCHS. The General Manager is hereby vested with such executive and financial authority as to enable him to direct the business and affairs of the PartnershipCompany, subject to the directions of the Management Committee Board of Managers and in accordance with this AgreementAgreement and the annual budget adopted by the Board of Managers. The General Manager shall be authorized to execute documents within the scope of his authority on behalf of the Partnership which Company that will bind the Partnership Company without the necessity of obtaining the signature of either of the PartnersMembers. The General Manager shall be responsible for the implementation of the various decisions of the Management Committee Board of Managers and for the day-to-day management and operation of the PartnershipCompany. The General Manager shall regularly inform the Management Committee Board of Managers of the PartnershipCompany's on-going ongoing activities. The General Manager shall report to and take direction from the Management CommitteeBoard of Managers. The General Manager shall enter into transactions on behalf of the Partnership Company except that the General Manager is not authorized to take any action on a Fundamental Issue unless the Board of Managers shall have approved such action shall have been approved by the Partners of the Management Committee under pursuant to Section 5.25.4.2. (b) 6.1.2 The General Manager shall provide the following reports to the Management CommitteeBoard of Managers: (i) daily position reports; (ii) a weekly management report; (iii) a monthly report on the financial condition and the business prospects of the PartnershipCompany; (iv) a monthly report summarizing all claims made and suits filed against the PartnershipCompany, all potential claims and suits, and the final settlement or other resolution of claims and suits; and (v) other reports requested by the Management Committee Board of Managers or one of the PartnersMembers. The provision of any such reports shall be subject to any communication guidelines to be established by the Members and the Company.