Common use of Management of the Partnership Clause in Contracts

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the management and control of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all the rights and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership.

Appears in 8 contracts

Samples: Limited Partnership Agreement (PSI Summit Hospital, Inc.), Limited Partnership Agreement (Texas San Macros Treatment Center Lp), Limited Partnership Agreement (Psychiatric Solutions Inc)

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Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of discretion in the management and control of the Partnership, subject only . The General Partner agrees to manage and control the affairs of the Partnership to the limitations best of his ability and to conduct the operations contemplated under this Agreement in this Agreementa careful and prudent manner and in accordance with good industry practice. The General Partner shall have all the rights and powers that may only be possessed by a general partner under the Limited Partnership Act and required to devote such rights and powers part of his time as are otherwise conferred by law or it deems necessary, advisable or convenient in managing is reasonably needed to manage the business and affairs of the Partnership, it being understood that the General Partner shall not be required to devote his time exclusively to the Partnership.

Appears in 3 contracts

Samples: Agreement of Limited Partnership, Agreement of Limited Partnership, Agreement of Limited Partnership

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the overall management and control of the Partnership, subject only to business and affairs of the limitations Partnership shall be vested exclusively in this Agreementthe General Partner. The General Partner shall have full and complete charge of all the rights affairs and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership, in all respects and in all matters. Except as may be expressly provided in this Agreement or required by law, the Limited Partner shall have no right to vote on or consent to any matter, act, decisions or document involving the Partnership or its business.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sabra Phoenix TRS Venture, LLC), Limited Partnership Agreement (Sabra Phoenix TRS Venture, LLC)

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the management and control of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all the rights and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (PSI Summit Hospital, Inc.), Limited Partnership Agreement (PSI Summit Hospital, Inc.)

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Management of the Partnership. 9.1 The Partnership shall be managed by the General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the management and control of the Partnership, subject only to the limitations in this AgreementPartner. The General Partner shall have all the rights and powers that may be possessed by of a general partner under as provided in the Limited Partnership Act and such rights and powers as are otherwise conferred provided by law or it deems necessary, advisable or convenient in managing and any action taken by the business General Partner shall constitute the act of and affairs bind the Partnership. In dealing with the General Partner when acting on behalf of the Partnership, no person shall be required to inquire into and persons shall be entitled to rely conclusively on the power of the General Partner to bind the Partnership.

Appears in 1 contract

Samples: Partnership Agreement (University Club, Inc. (FL))

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of discretion in the management and control of the Partnership, subject only . The General Partner agrees to manage and control the affairs of the Partnership to the limitations best of his ability and to conduct the operations contemplated under this Agreement in this Agreementa careful and prudent manner and in accordance with good industry practice. The General Partner shall have all the rights and powers that may only be possessed by a general partner under the Limited Partnership Act and required to devote such rights and powers part of his time as are otherwise conferred by law or it deems necessary, advisable or convenient in managing is reasonably needed to manage the business and affairs of the Partnership., it being understood that the General Partner shall not be required to devote his time exclusively to the Partnership. 13.02

Appears in 1 contract

Samples: static1.squarespace.com

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