Business of Partnership. 4.1 This Partnership is organized for the purpose of engaging in the following activities:
Business of Partnership. The Partnership shall have the authority to engage in any activities permitted generally to limited partnerships. The business of the Partnership shall be to engage in the oil and gas industry and all necessary or incidental activities. The Partnership intends to acquire and develop properties located in Mississippi, Louisiana and other locations as determined by the Managing Partner. The Partnership may, without limitation, (a) invest in drilling projects sponsored by Affiliates or non-Affiliated parties; (b) acquire leasehold acreage from Affiliates or others as sole owner or in participation with Affiliates or non-Affiliated parties; and (c) develop leasehold acreage alone or in participation with Affiliates or non-Affiliated parties. The Partnership shall not engage in any significant activity other than those described in this Section without a Majority Consent.
Business of Partnership. The exclusive purpose of the Partnership shall be to own and operate those certain casual restaurants known as Outback Steakhouse® and Carrabba’s Italian Grill® at those addresses listed on Exhibit A, and such additional restaurants, if any, as may be approved by the Partners their sole discretion and as may hereafter be established by the Partnership (individually, the “Restaurant,” or collectively, the “Restaurants”). The Partnership shall not engage in any other business or activities. The purpose, authority, and scope of the Partnership shall extend no further than the purpose set forth in this Section 2. This Agreement shall not be deemed or construed to create a relationship between the Partners with respect to any activities whatsoever except for those activities required for the accomplishment of the Partnership’s purpose as specified in this Section 2.
Business of Partnership. (a) The business of the Partnership will be:
Business of Partnership. The Partnership shall carry on the business of purchasing, operating, managing, renting, leasing, improving and/or otherwise dealing with the Property, or such other property which the Partnership may wish to acquire, with a view to making a profit from such business and may exercise all powers ancillary and incidental thereto or in furtherance thereof.
Business of Partnership. 2.4 The Partnership will carry on the business of directly or indirectly creating and managing mortgages or other real estate backed security, or any direct or indirect interests therein, with a view to making a profit from that business, and may carry on any other business and exercise all powers ancillary and incidental thereto or in furtherance thereof. For greater clarity, the Partnership will:
Business of Partnership. The Partnership shall carry on the business of (i) purchasing, owning and renting Vehicles throughout Canada, (ii) selling Vehicles that it has owned as rental Vehicles, (iii) leasing Vehicles to Alamo pursuant to the Alamo Lease, and (iv) if approved by the Rating Agency, leasing Vehicles to Franchisees. The Partnership shall be further authorized to exercise all powers ancillary and incidental thereto or reasonably in furtherance thereof and not specifically excluded by the terms of this Agreement. The Partnership shall not carry on any business not permitted by this section 2.3.
Business of Partnership. Without the consent of all Partners:
Business of Partnership. The Partnership has been constituted by the Partners for purposes of acquiring the steel mill and certain related assets from the General Partner and assuming certain liabilities in respect thereof and thereafter carrying on the Business in accordance with the provisions of this Agreement. The Partners therefore agree that the Partnership shall:
Business of Partnership. The Partnership shall carry on the business of (i) purchasing, owning and renting Vehicles throughout Canada and (ii) selling Vehicles that it has owned as rental Vehicles. The Partnership shall be further authorized to exercise all powers ancillary and incidental thereto or reasonably in furtherance thereof and not specifically excluded by the terms of this Agreement. The Partnership shall not carry on any business not permitted by this Section 2.3.
