Partnership Action. So long as no Default has occurred, Assignor shall be entitled to exercise all rights pertaining to the Collateral. After the occurrence and during the continuance of a Default, the right to vote or take action as a result of owning the Collateral shall be vested exclusively in Agent. To this end, Assignor irrevocably appoints Agent the proxy and attorney-in-fact of Assignor, with full power of substitution, to vote and to act with respect to the Collateral, subject to the understanding that such proxy may not be exercised unless a Default has occurred and is continuing. The proxy herein granted is coupled with an interest, is irrevocable, and shall continue until the Obligation has been paid and performed in full.
Partnership Action. Take all partnership action (including, without limitation, all partner action) under the Laws of any state having jurisdiction over Seller necessary to effectuate the transactions contemplated by this Agreement and by the other Seller Documents.
Partnership Action. Subject to the provisions of this Agreement and except as prohibited by the Act, (i) Premier LP may, with the approval of the General Partner, enter into and perform its obligations under any and all documents, agreements and instruments, all without any further act, vote or approval of any Partner and (ii) the General Partner may authorize any Person (including any Partner or Officer) to enter into and perform its obligations under any document on behalf of Premier LP.
Partnership Action. Debtor shall have taken all necessary and appropriate partnership action, and the Partners of Debtor shall have adopted resolutions authorizing, and the partners of Debtor (to the extent required under Debtor's organizational documents or applicable law) shall have consented to, this Agreement, and the borrowings hereunder, the execution and delivery of the Transaction Documents and the taking of all action required of Debtor by the Transaction Documents; and Debtor shall have furnished to Secured Party certified copies of such partnership resolutions and such other corporate documents as Secured Party shall reasonably request.
Partnership Action. The Borrower has full power and authority to enter into and perform its obligations provided for under this Agreement.
Partnership Action. Any action which the Partnership ------------------ is authorized or permitted to take pursuant to any provision of this Agreement shall be taken by the General Partner acting on behalf of the Partnership.
Partnership Action. As used in this Agreement, the term "Partnership Action" shall mean authorization by a majority of the General Partners at that time.
Partnership Action. Subject to compliance by the General Partner with the provisions of this Agreement and except as prohibited by applicable law, (i) the Partnership may, upon approval by the General Partner enter into and perform any and all documents, agreements and instruments, all without any further act, vote or approval of any Partner, and (ii) the General Partner may authorize any Person (including any Partner or its or their officers) to enter into and perform any documents on behalf of the Partnership.
Partnership Action. All the limited partners of the PARTNERSHIPS have approved the exchange of their interests in the PARTNERSHIPS, at the rate of $1.00 of partnership interest, for one share of common stock of the ISSUER, for a total 10,000,000 shares of the Issuer to be issued pursuant to this Agreement. This Agreement has been duly executed and delivered by the PARTNERSHIPS and constitutes the valid and binding obligation of the PARTNERSHIPS, and is a valid and binding obligation of the PARTNERSHIPS, enforceable against the PARTNERSHIPS in accordance with the terms herein.
Partnership Action. All Partnership actions and proceedings necessary to be taken by or on the part of the Partnership in connection with the transactions contemplated by this Agreement and necessary to make the Agreement effective have been duly and validly taken. This Agreement has been duly and validly authorized, executed, and delivered by the Partnership and constitutes the valid and binding agreement of Partnership, enforceable in accordance with and subject to its respective terms, except as enforceability may be limited by laws affecting the enforcement of creditor rights or equitable principles generally.
