Common use of Authority of General Partner Clause in Contracts

Authority of General Partner. (a) Except as otherwise expressly provided herein, the management and operation of the Partnership is vested exclusively in the General Partner. Except as otherwise provided herein, the General Partner shall exercise all powers necessary and convenient to carry out the limited purposes of the Partnership set forth in Section 1.09, on behalf and in the name of the Partnership, and other services of an auxiliary nature, which shall be limited to:

Appears in 2 contracts

Samples: Limited Partnership Agreement (SWK Holdings Corp), Limited Partnership Agreement (SWK Holdings Corp)

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Authority of General Partner. (a) Except as otherwise expressly provided for herein, the management and operation business of the Partnership is vested exclusively in the General Partner. Except as otherwise provided herein, shall be managed by the General Partner pursuant to the provisions of this Agreement. The General Partner shall exercise all powers necessary have exclusive authority and convenient full discretion with respect to carry out the limited purposes management of the business of the Partnership set forth in Section 1.09and the Subsidiaries, on behalf subject to Sections 5.1(b) and in the name of the Partnership, and other services of an auxiliary nature, which shall be limited to:(c).

Appears in 2 contracts

Samples: Insight Communications Co Inc, Insight Capital Inc

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