Operation of the Partnership. Except as otherwise set forth in this Article FOUR and in Article FIVE, from and after the Commencement Date with respect to the operations of the Resort and from and after the Final Completion Date with respect to all other matters, the WKA General Partner shall have the full and exclusive right to manage and control the business and affairs of the Partnership and to make all decisions regarding the business of the Partnership and shall otherwise have all of the rights, powers and obligations of a general partner of a limited partnership under the Act. In performing its duties under this Venture Agreement, the WKA General Partner shall have all power and authority to act in the name and on behalf of the Partnership and the Partners in connection with the affairs of the Partnership necessary to perform such duties. No Limited Partner in its capacity as such, shall participate in the management of or have any control of the Partnership's business nor shall any Limited Partner, as such, have the power to represent, act for, sign for or bind any General Partner or the Partnership.
Operation of the Partnership. 6.1 The Scheme’s success depends on the co-operation and shared purpose of all the Partners and Associates and their commitment to planning and implementing the Scheme.
Operation of the Partnership. The Partnership has entered into, or concurrently with the execution of this Agreement will enter into the Master Services Agreement governing the operation of the Partnership.
Operation of the Partnership. Except for matters relating to the consummation of this transaction, including those actions set forth in this Article VII, or with Buyer's prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), between the date hereof and the Closing, Seller and Buyer shall cause the Partnership to operate in the ordinary course of business consistent with past practice and as required by the Partnership Agreement.
Operation of the Partnership. The Partnership operates through members undertaking individual or joint activities on behalf of the Partnership. The structure of North East Healthy Communities is described in North East Healthy Communities Structure and consists of a Governance Group, a portfolio of projects and a staff team. The key operational elements of the Partnership are as follows: Governance The North East Healthy Communities Governance Group will review the Governance Group Terms of Reference annually. A Governance Group is a group of individuals selected from among member organisations to oversee and manage the affairs of the Partnership. The role of the Governance Group is to xxxxxxx the collective effort of members, including to:
Operation of the Partnership. The Partnership shall acquire, manage, finance, refinance and sell any property on terms and conditions deemed suitable by the General Partner, in its sole judgment. 6.
Operation of the Partnership. Except as otherwise set forth in this Section 4, the General Partner shall have the full and exclusive right to manage and control the business and affairs of the Partnership and to make all decisions regarding the business of the Partnership and shall otherwise have all of the rights, powers and obligations of a general partner of a limited partnership under the Act. In performing its duties under this Venture Agreement, the General Partner shall have all power and authority to act in the name and on behalf of the Partnership and the Partners in connection with the affairs of the Partnership necessary to perform such duties. No Limited Partner in its capacity as such, shall participate in the management of or have any control of the Partnership's business nor shall any Limited Partner, as such, have the power to represent, act for, sign for or bind the General Partner or the Partnership.
Operation of the Partnership. Seller agrees to form the Partnership (on the terms set forth in the Partnership Agreement) promptly after the parties agree to the terms of the Partnership Agreement pursuant to Section 7.09(a). Seller agrees that the Partnership will be a newly established Delaware limited partnership formed solely for the purpose of effecting the Contemplated Transactions, and that from and after the date of its formation, the Partnership will not engage in or conduct any activities other than activities that are (i) necessary or appropriate in connection with the consummation of the Contemplated Transactions and (ii) after the Contribution and Assumption, permitted by Section 5.01 of this Agreement. Seller agrees that, at all times prior to the Closing, all of the outstanding partnership interests of the Partnership will be owned by Seller, the other Asset Transferors and the General Partner.
Operation of the Partnership. The General Partner shall file or cause to be filed any certificates or documents as may be required for the operation and qualification of a limited partnership in the Xxxxxxxx Islands and any jurisdiction in which the Partnership may elect to do business. The General Partner shall file or cause to be filed any necessary amendments to the Certificate of Limited Partnership and any such other certificates and documents and do all things requisite to the maintenance of the Partnership as a limited partnership (or as a partnership in which the Limited Partners have limited liability) under the laws of the Xxxxxxxx Islands and any jurisdiction in which the Partnership may elect to do business.
Operation of the Partnership. The management of the Partnership and the Partnership Business shall be vested in the Operating Partner. It shall have control over the Business of the Partnership and assume direction of its operations. The Operating Partner shall consult and confer as far as practicable with the other Partner or Partners. Except as otherwise expressly provided in this Agreement or the management agreement to be executed by and among the Partnership, York Hannover and the Operating Partner (the "Management Agreement"), however, all things to be done by the Partnership shall be done under the Operating Partner's control and supervision.
