{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lTuO1mjGpJv", "uri": "/contracts/lTuO1mjGpJv#general-partner", "label": "Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership)", "score": 19.0, "published": true}, {"hash": "lCT5jzBXvZN", "uri": "/contracts/lCT5jzBXvZN#general-partner", "label": "Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership)", "score": 19.0, "published": true}, {"hash": "ke1kdnAVQ1G", "uri": "/contracts/ke1kdnAVQ1G#general-partner", "label": "Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership)", "score": 19.0, "published": true}], "snippet": "The name and address of the general partner of the Partnership is Outback Steakhouse of Florida, Inc., \u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587, 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hundred twenty (120) days after the end of each fiscal year of General Partner, copies of the financial statements of General Partner as of such date, prepared in substantially the form previously delivered to the Governmental Lender and Funding Lender and in a manner consistent therewith, or in such form (which may include a form prepared in accordance with GAAP) as Funding Lender may reasonably request;", "size": 28, "snippet_links": [{"key": "as-available", "type": "definition", "offset": [8, 20]}, {"key": "days-after", "type": "definition", "offset": [70, 80]}, {"key": "fiscal-year", "type": "definition", "offset": [97, 108]}, {"key": "of-general", "type": "clause", "offset": [109, 119]}, {"key": "the-financial-statements", "type": "definition", "offset": [139, 163]}, {"key": "governmental-lender", "type": "clause", "offset": [263, 282]}, {"key": "funding-lender", "type": "definition", "offset": [287, 301]}, {"key": "in-accordance-with", "type": "definition", "offset": [391, 409]}, 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"c76211ba7de0826474e437d5554235f7", "id": 6}, {"samples": [{"hash": "lm95v4i6BfS", "uri": "/contracts/lm95v4i6BfS#general-partner", "label": "Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)", "score": 18.0, "published": true}, {"hash": "eN5DSKTiJvT", "uri": "/contracts/eN5DSKTiJvT#general-partner", "label": "Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)", "score": 18.0, "published": true}, {"hash": "eK6tkecqwrF", "uri": "/contracts/eK6tkecqwrF#general-partner", "label": "Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)", "score": 18.0, "published": true}], "snippet": "The name, address and Capital Contribution of the General Partner are set forth in Schedule A attached hereto and are incorporated herein.", "size": 22, "snippet_links": [{"key": "capital-contribution-of-the-general-partner", "type": "clause", "offset": [22, 65]}, {"key": "schedule-a", "type": "definition", "offset": [83, 93]}], "hash": "4a4e0ef6946bbf3ce88e9a582f2ef68b", "id": 8}, {"samples": [{"hash": "iODgA4xqtFc", "uri": "/contracts/iODgA4xqtFc#general-partner", "label": "Exempted Limited Partnership Agreement (Apollo Global Management LLC)", "score": 29.5941143036, "published": true}, {"hash": "e94LHL87lwM", "uri": "/contracts/e94LHL87lwM#general-partner", "label": "Exempted Limited Partnership Agreement (Apollo Global Management LLC)", "score": 29.5941143036, "published": true}, {"hash": "9KVMJ7Z0PhN", "uri": "/contracts/9KVMJ7Z0PhN#general-partner", "label": "Exempted Limited Partnership Agreement (Apollo Global Management LLC)", "score": 29.5941143036, "published": true}], "snippet": "(a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.\n(b) The Partners hereby agree that the Partnership, acting by the General Partner, shall be and hereby is authorized to (i) open bank accounts on behalf of the Partnership in such banks, and designate the persons authorized to sign checks, notes, drafts, bills of exchange, acceptances, undertakings or orders for payment of money from funds of the Partnership on deposit in such accounts, as may be deemed by the General Partner to be necessary, appropriate or otherwise in the best interests of the Partnership and, in connection therewith, execute any form of required resolution necessary to open any such bank accounts; (ii) prepare, execute and file with the appropriate authorities such federal, state or local applications, forms and papers on behalf of the Partnership as may be required by law or deemed by the General Partner to be necessary, appropriate or otherwise in the best interests of the Partnership, as applicable; and (iii) pay on behalf of the Partnership any and all fees and expenses incident to and necessary to perfect the organization of the 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Notwithstanding any other provision of this Agreement, the Partnership, acting by the General Partner, is hereby authorized to enter into, and to perform its obligations under, the aforementioned agreements, deeds, receipts, certificates, filings and other documents, without any consent of any Limited Partner, but such authorization shall not be deemed a restriction on the power of the Partnership or the General Partner acting on behalf of the Partnership to enter into, and to perform its obligations under, other agreements on behalf of the Partnership. The Partners agree that the General Partner may execute the aforementioned agreements, deeds, receipts, certificates, filings and other documents on behalf of the Partnership that the General Partner deems appropriate and that any prior acts of the Partnership and the General Partner acting on behalf of the Partnership, consistent with the foregoing authorizations, are hereby ratified and confirmed.", "size": 26, "snippet_links": [{"key": "the-business", "type": "clause", "offset": [4, 16]}, {"key": "from-time-to-time", "type": "clause", "offset": [158, 175]}, {"key": "authority-to", "type": "definition", "offset": [185, 197]}, {"key": "to-act", "type": "definition", "offset": [220, 226]}, {"key": "on-behalf-of", "type": "definition", "offset": [227, 239]}, {"key": "by-the-general-partner", "type": "clause", "offset": [316, 338]}, {"key": "bank-accounts", "type": "clause", "offset": [386, 399]}, {"key": "the-persons", "type": "clause", "offset": [458, 469]}, {"key": "authorized-to-sign", "type": "clause", "offset": [470, 488]}, {"key": "bills-of-exchange", "type": "clause", "offset": [512, 529]}, {"key": "orders-for-payment-of-money", "type": "clause", "offset": [560, 587]}, {"key": "on-deposit", "type": "definition", "offset": [618, 628]}, {"key": "best-interests", "type": "definition", "offset": [736, 750]}, {"key": "in-connection", "type": "definition", "offset": [775, 788]}, {"key": "form-of", "type": "clause", "offset": [812, 819]}, {"key": "required-resolution", "type": "definition", "offset": [820, 839]}, {"key": "to-open", "type": "clause", "offset": [850, 857]}, {"key": "appropriate-authorities", "type": "definition", "offset": [922, 945]}, {"key": "required-by-law", "type": "definition", "offset": [1045, 1060]}, {"key": "pay-on", "type": "definition", "offset": [1203, 1209]}, {"key": "fees-and-expenses", "type": "definition", "offset": [1248, 1265]}, {"key": "incident-to", "type": "definition", "offset": [1266, 1277]}, {"key": "organization-of-the-partnership", "type": "clause", "offset": [1307, 1338]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [1360, 1393]}, {"key": "to-enter", "type": "definition", "offset": [1464, 1472]}, {"key": "and-other-documents", "type": "clause", "offset": [1587, 1606]}, {"key": "consent-of", "type": "clause", "offset": [1620, 1630]}, {"key": "limited-partner", "type": "definition", "offset": [1635, 1650]}, {"key": "restriction-on", "type": "clause", "offset": [1697, 1711]}, {"key": "power-of", "type": "clause", "offset": [1716, 1724]}, {"key": "other-agreements", "type": "clause", "offset": [1853, 1869]}, {"key": "prior-acts", "type": "definition", "offset": [2131, 2141]}, {"key": "the-foregoing", "type": "definition", "offset": [2238, 2251]}, {"key": "ratified-and-confirmed", "type": "clause", "offset": [2279, 2301]}], "hash": "fe085e6ca5444fc0f4e97d44619bee17", "id": 7}, {"samples": [{"hash": "8RTEkP29zaW", "uri": "/contracts/8RTEkP29zaW#general-partner", "label": "Limited Partnership Agreement (Hatteras Core Alternatives Fund, L.P.)", "score": 23.4996585846, "published": true}, {"hash": "383tnBQvEdj", "uri": "/contracts/383tnBQvEdj#general-partner", "label": "Limited Partnership Agreement (Hatteras Core Alternatives Institutional Fund, L.P.)", "score": 23.4996585846, "published": true}, {"hash": "fqw7yDPmwob", "uri": "/contracts/fqw7yDPmwob#general-partner", "label": "Limited Partnership Agreement (Hatteras Multi-Strategy Fund, L.P.)", "score": 22.4893913269, "published": true}], "snippet": "(a) Hatteras Investment Management LLC shall be admitted to the Partnership as the General Partner upon its execution of this Agreement. The General Partner may admit to the Partnership as an additional General Partner any Person who agrees in writing to be bound by all of the terms of this Agreement as a General Partner. The General Partner may admit to the Partnership as a substituted General Partner any Person to which it has Transferred its interest as the General Partner in accordance with Section 4.3 of this Agreement. Any substituted General Partner will be admitted to the Partnership upon the Transferring General Partner\u2019s consenting to such admission and is authorized to, and will, continue the business of the Partnership without dissolution. The name and mailing address of the General Partner and the Capital Contribution of the General Partner will be reflected on the books and records of the Partnership. If at any time the Partnership has more than one General Partner, unless otherwise provided in this Agreement, any action allowed to be taken, or required to be taken, by the General Partners may be taken only with the unanimous approval of all of the General Partners.", "size": 34, "snippet_links": [{"key": "management-llc", "type": "definition", "offset": [24, 38]}, {"key": "to-the-partnership", "type": "clause", "offset": [57, 75]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [108, 135]}, {"key": "additional-general-partner", "type": "clause", "offset": [192, 218]}, {"key": "any-person", "type": "definition", "offset": [219, 229]}, {"key": "in-writing", "type": "clause", "offset": [241, 251]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [278, 301]}, {"key": "a-general", "type": "clause", "offset": [305, 314]}, {"key": "substituted-general-partner", "type": "definition", "offset": [378, 405]}, {"key": "in-accordance-with", "type": 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Successor General Partner", "Interest of Departing <strong>General Partner</strong> and Successor <strong>General Partner</strong>"]], "related_snippets": [], "updated": "2026-05-13T05:42:49+00:00", "also_ask": ["What negotiation levers exist to limit the General Partner\u2019s liability or expand its powers?", "Which provisions are essential to clearly define the General Partner\u2019s authority and fiduciary duties?", "What are the most common risks or loopholes in General Partner clauses that could expose limited partners?", "How do General Partner clauses in this agreement compare to industry standards or statutory defaults?", "What factors most influence a court\u2019s willingness to enforce or invalidate a General Partner\u2019s actions under this clause?"], "drafting_tip": "Specify the General Partner\u2019s powers and duties to prevent misunderstandings; define liability limits to manage risk exposure; require clear appointment and removal procedures to ensure operational continuity.", "explanation": "The 'General Partner' clause defines the role, authority, and responsibilities of the general partner in a partnership or investment fund. It typically outlines the general partner's powers to manage the partnership's operations, make investment decisions, and act on behalf of the partnership, as well as any limitations or obligations they must observe. For example, the clause may specify the general partner's right to bind the partnership in contracts or their duty to act in the best interests of the partnership. This clause is essential for clarifying the scope of the general partner's authority and ensuring all parties understand who is responsible for the day-to-day management and legal representation of the partnership."}, "json": true, "cursor": ""}}