Authority of the Managing Partner. A. In addition to any other rights and powers which the Managing Partner may possess under this Agreement and the Act, the Managing Partner shall, except and subject to the extent otherwise provided or limited in this Agreement, have all specific rights and powers required or appropriate to its management of the Production Partnership's business which, by way of illustration but not by way of limitation, shall include the following rights and powers to:
Authority of the Managing Partner. The Managing Partner is expressly authorized to do or cause to be done if necessary or appropriate each of the following on behalf of the Partnership and on behalf of any other entity managed in whole or in part by the Partnership or in which the Partnership has an interest without a Majority Consent or any other vote or approval of the Partners:
Authority of the Managing Partner. The authority of the Managing Partner shall be limited to implementing the decisions of the Executive Committee as provided in Section 8.6 and to conducting the day-to-day administrative business of the Partnership. No financial institution or person, firm, corporation or other entity dealing with the Managing Partner with respect to the Partnership or any of its assets and properties shall be obligated to see that the terms of this Agreement have been complied with, or be obligated to inquire into the necessity or expediency of any act or action of the Managing Partner, and every contract, agreement, deed, mortgage, lease, note or other instrument or document executed by the Managing Partner shall be conclusive evidence in favor of any financial institution, person, firm, corporation or other entity relying thereon that such instrument or document was duly executed and is binding upon the Partnership, and that the Managing Partner is duly authorized and empowered to execute and deliver such agreement, document or other instrument for and on behalf of the Partnership.
Authority of the Managing Partner. (a) The Managing Partner shall have the power and authority to administer, manage, conduct, control and operate the day-to-day business and affairs of the Partnership and have the power and authority, for and on behalf of and in the name of the Partnership, to do any act, take any proceeding, make any decisions and execute and deliver any instrument, deed, agreement or document necessary or appropriate for or incidental to carrying on the business of the Partnership subject to all of the limitations contained in Section 7.2.
Authority of the Managing Partner. OTHER MATTERS AFFECTING GENERAL PARTNERS
Authority of the Managing Partner. The Managing Partner has full and final control over all of the activities of the Partnership and has the authority to do all things deemed necessary or desirable by it in the conduct of the business of the Partnership. If the Managing Partner serves as the licensee under the License Agreement for the Drive-in, the Partnership shall reimburse the Managing Partner for all royalty payments, advertising fees, and other payments the Managing Partner has the obligation to pay to SII as the licensee for the Drive-in. The Partnership will treat that reimbursement as an expense of the Partnership and shall pay the amounts to the Managing Partner whether or not the Partnership operates at a profit. The Partnership will not pay any other compensation to the Managing Partner except as provided by Article 4 of this Agreement.
Authority of the Managing Partner. The general partner has the right to manage and control the partnership affairs.
