Common use of Appointment of General Partner as Attorney Clause in Contracts

Appointment of General Partner as Attorney. in-Fact A. Each Limited Partner and Investor hereunder hereby irrevocably appoints and empowers the General Partner his attorney-in-fact to consent to or ratify any act listed in Subsections 5.4A(i) through (xviii) and Section 6.3C of this Agreement after the Majority Vote of the Investors thereto has been obtained, and to execute, acknowledge, swear to and deliver all agreements and instruments and file all documents requisite to carrying out the intentions and purposes contemplated in this Agreement, including, without limitation, the execution and delivery of this Agreement and all amendments hereto, the filing of all business certificates and necessary certificates of limited partnership and amendments thereto from time to time in accordance with all applicable laws and any certificates of cancellation. B. The appointment by all Limited Partners and Investors of the General Partner as attor- ney-in-fact shall be deemed to be a power coupled with an interest, shall not be affected by the subsequent disability or incapacity of the principal and shall survive the assignment by any Limited Partners or Investors of the whole or any part of his Interests or Units in the Partnership. C. The power of attorney granted by this Section 12.1 shall be governed by the laws of the State of Delaware.

Appears in 2 contracts

Samples: Realty Parking Properties Ii Lp, Realty Parking Properties Ii Lp

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Appointment of General Partner as Attorney. in-Fact A. Each Limited Partner and Investor hereunder hereby irrevocably appoints and empowers the General Partner his attorney-in-fact to consent to or ratify any act listed in Subsections 5.4A(i) through (xviii) and Section 6.3C of this Agreement after the Majority Vote of the Investors thereto has been obtained, and to execute, acknowledge, swear to and deliver all agreements and instruments and file all documents requisite to carrying out the intentions and purposes contemplated in this Agreement, including, without limitation, the execution and delivery of this Agreement and all amendments hereto, the filing of all business certificates and necessary certificates of limited partnership and amendments thereto from time to time in accordance with all applicable laws and any certificates of cancellation. B. The appointment by all Limited Partners and Investors of the General Partner as attor- neyattorney-in-fact shall be deemed to be a power coupled with an interest, shall not be affected by the subsequent disability or incapacity of the principal and shall survive the assignment by any Limited Partners or Investors of the whole or any part of his Interests or Units in the Partnership. C. The power of attorney granted by this Section 12.1 shall be governed by the laws of the State of Delaware.

Appears in 2 contracts

Samples: Realty Parking Properties Lp, Realty Parking Properties Lp

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Appointment of General Partner as Attorney. in-Fact A. Each Limited Partner and Investor hereunder hereby irrevocably appoints and empowers the General Partner his attorney-in-fact to consent to or ratify any act listed in Subsections 5.4A(i) through (xviiixxii) and Section 6.3C of this Agreement after the Majority Vote of the Investors thereto has been obtained, and to execute, acknowledge, swear to and deliver all agreements and instruments and file all documents requisite to carrying out the intentions and purposes contemplated in this Agreement, including, without limitation, the execution and delivery of this Agreement and all amendments hereto, the filing of all business certificates and necessary certificates of limited partnership and amendments thereto from time to time in accordance with all applicable laws and any certificates of cancellation. B. The appointment by all Limited Partners and Investors of the General Partner as attor- neyattorney-in-fact shall be deemed to be a power coupled with an interest, shall not be affected by the subsequent disability or incapacity of the principal and shall survive the assignment by any Limited Partners or Investors of the whole or any part of his Interests or Units in the Partnership. C. The power of attorney granted by this Section 12.1 shall be governed by the laws of the State of Delaware.

Appears in 2 contracts

Samples: Redwood Equipment Leasing Income Fund Lp, Redwood Equipment Leasing Income Fund Lp

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