Common use of Business Purpose Clause in Contracts

Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act.

Appears in 70 contracts

Samples: Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (Blackstone Group Inc)

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Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Evercore Inc.), Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.)

Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the ActELP Law.

Appears in 4 contracts

Samples: And Restated Agreement (Ares Management Lp), Ares Management Corp, Ares Management Lp

Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act, subject to the overriding principles set forth on Exhibit A hereto, which the Partnership shall abide by and comply with, and which the Partnership shall cause its Subsidiaries to abide by and comply with, in all respects at all times.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Brookfield Oaktree Holdings, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC)

Business Purpose. The Partnership was formed for the object and primary purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging making investments. The Partnership may engage in any lawful act or activity for which limited partnerships may be formed under the Act.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Ares Management Lp), Limited Partnership Agreement (Ares Management Corp), Limited Partnership Agreement (Ares Management Lp)

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Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act., subject to the overriding principles set forth on Exhibit A hereto, which the Partnership shall abide by and comply with, and which the Partnership shall cause its Subsidiaries to abide by and comply with, in all respects at all times. SECTION 2.07

Appears in 3 contracts

Samples: Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC), Partnership Agreement (Oaktree Capital Group, LLC)

Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act. Section 2.07.

Appears in 1 contract

Samples: Partnership Agreement (GWG Holdings, Inc.)

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