Authority of the General Partner Sample Clauses

Authority of the General Partner. The General Partner shall have the sole and exclusive right to manage the affairs of the Partnership and shall have all of the rights and powers that may be possessed by general partners under the Act. If two or more Persons are serving as General Partners, decisions regarding the management of the Partnership and its business and affairs shall be made by the consent of a majority in number of the General Partners then serving. The rights and powers that the General Partner may exercise include, but are not limited to, the following:
AutoNDA by SimpleDocs
Authority of the General Partner. (a) The General Partner shall have all the authority, rights and powers conferred by law and those required or appropriate to the management and operation of the Partnership's business. Except as otherwise expressly provided in this Agreement, all decisions with respect to any matter set forth in this Agreement or otherwise affecting or arising out of the conduct of the business of the Partnership shall be made by the General Partner. Specifically, but not by way of limitation, the General Partner shall be authorized in the name of and on behalf of the Partnership:
Authority of the General Partner. Any person dealing with the Partnership or the General Partner may rely upon a certificate signed by the General Partner thereunto duly authorized, concerning:
Authority of the General Partner. (a) Subject to Section 18, the General Partner shall have the power on behalf and in the name of the Partnership to carry out any and all of the objects and purposes of the Partnership set forth in Section 2 and to perform all acts which it may deem necessary or advisable except to the extent otherwise provided in this Agreement (including in Section 18).
Authority of the General Partner. In the case wherein the Board is unable to exercise its management power as provided in Section 5.1 above, the General Partner shall have the power on behalf and in the name of the Partnership to manage and control the business and affairs of the Partnership. The Limited Partner agrees that all determinations, decisions and actions made or taken by the General Partner shall be conclusive and absolutely binding upon the Partnership, the Limited Partner and their respective successors, assigns and personal representatives. Notwithstanding the provisions of Sections 5.4(a) and 5.4(b), the General Partner may take such action without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, shall be signed by the General Partner. An original or copy of any such consent shall be inserted in the record of the proceedings of the Partners.
Authority of the General Partner. Except as otherwise provided in this Agreement, the General Partner (i) shall have the power on behalf of the Partnership to carry out any and all of the purposes of the Partnership and perform all acts and enter into and perform all contracts and other undertakings that it may in its sole discretion deem necessary or advisable or incidental thereto, and (ii) shall have, and shall have full authority in its discretion to exercise, on behalf of and in the name of the Partnership, all rights and powers of a general partner of a limited partnership under the Act. Subject to Section 3.2 or as otherwise expressly provided for in this Agreement, the General Partner may do or cause to be done, by acting directly or through any duly appointed officers of the Partnership, any act which is necessary or desirable to carry out any of the purposes of the Partnership, including, without limitation, any of the following:
AutoNDA by SimpleDocs
Authority of the General Partner. The General Partner will have all rights and powers that may be possessed by a general partner under the Delaware Act.
Authority of the General Partner. Subject to the limitations and restrictions set forth in this Agreement (including, without limitation, those limitations and restrictions set forth in this Article VI), the General Partner shall direct the business and affairs of the Partnership and, in so doing, shall manage, control and have all of the rights and powers which may be possessed by a general partner under the Act.
Authority of the General Partner. The General Partner shall be authorized to obligate the Partnership by the signature of its officers alone, and a facsimile signature is as effective as an actual signature. 13.4
Time is Money Join Law Insider Premium to draft better contracts faster.