Common use of Powers and Duties of General Partner Clause in Contracts

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise expressly provided in this Agreement, and subject to the limitations contained in Section 7.2 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, have the right, power and authority:

Appears in 3 contracts

Samples: Trump Hotels & Casino Resorts Inc, Trump Hotels & Casino Resorts Funding Inc, Trump Donald J

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Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's ’s business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 6.3 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 hereof6.3 hereof but without limiting the foregoing grant of power, authority and discretion, the General Partner shall, on behalf of, and at the expense of, the Partnership, shall have the right, power and authority:

Appears in 3 contracts

Samples: Fourteenth Amendment (New GGP, Inc.), Fourteenth Amendment (New GGP, Inc.), General Growth Properties, Inc.

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's ’s business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 7.3 hereof with respect to Major DecisionsDecisions and the limitations set forth in Section 9.1 hereof, the General Partner has and shall have, and is hereby granted, have full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 7.3 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, shall have the right, power and authority:

Appears in 3 contracts

Samples: Essex Portfolio Lp, Essex Portfolio Lp, Essex Property Trust Inc

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's ’s business and affairs. Except as otherwise expressly provided in this Agreement, and subject to the limitations contained in Section 7.2 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's ’s business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, have the right, power and authority:

Appears in 3 contracts

Samples: www.sec.gov, Trump Entertainment Resorts Holdings Lp, Trump Plaza Associates

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 7.3 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete powerpower to the fullest extent permissible under the Act, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 7.3 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, shall have the right, power and authority:

Appears in 2 contracts

Samples: Agreement (American Real Estate Investment Corp), Agreement (American Real Estate Investment Corp)

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 7.3 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 7.3 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, shall have the right, power and authority:

Appears in 1 contract

Samples: Cleveland Indians Baseball Co Inc

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 7.3 hereof with respect to Major Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 7.3 hereof, the General Partner shallshall have the following rights, on behalf ofpowers and authorities, to the extent necessary and at appropriate to pursue and accomplish the expense of, purposes of the Partnership, have the right, power and authority:

Appears in 1 contract

Samples: Prime Retail Inc

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Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's ’s business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 hereof with respect to Major Decisions2.3, Section 6.3 and Section 6.4 hereof, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 Sections 2.3 and 6.3 and 6.4 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, shall have the right, power and authority:

Appears in 1 contract

Samples: Agreement (CPG Partners Lp)

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise herein expressly provided in this Agreementprovided, and subject to the limitations contained in Section 7.2 hereof with respect to Major Specified Decisions, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, and subject to Section 7.2 hereof, the General Partner shall, on behalf of, and at the expense of, the Partnership, have without limitation the right, power and authority:

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's business and affairs. Except as otherwise herein expressly provided in this Agreement, and subject to the limitations contained in Section 7.2 hereof with respect to Major DecisionsSections 8.3 and 8.4 hereof, the General Partner shall have, and is hereby granted, full and complete power, authority and discretion to take such action for and on behalf of the Partnership and in its name as the General Partner shall, in its sole and absolute discretion, deem necessary or appropriate to carry out the Partnership's business and the purposes for which the Partnership was organized. Except as otherwise expressly provided herein, herein and subject to Section 7.2 Sections 8.3 and 8.4 hereof, the General Partner shallshall exercise all of the powers of the Partnership and have specifically, on behalf ofwithout limiting the foregoing, and at the expense of, the Partnership, have the right, power and authority:

Appears in 1 contract

Samples: Brandywine Realty Trust

Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's assets, business and affairs. Except as otherwise herein expressly provided in this Agreement, and subject to the limitations contained in Section 7.2 hereof with respect to Major Decisionsprovided, the General Partner shall have, and is hereby granted, full and complete powerpower and authority, authority and discretion exclusive discretion, to manage and control the business and affairs of the Partnership and take any and all such action actions for and on behalf of the Partnership and in its the Partnership's name as the General Partner shall, in its sole and absolute discretion, shall deem necessary or appropriate to carry out conduct the Partnership's business and to carry out the purposes for which the Partnership was organized. Except Without limiting the generality of the foregoing, except as otherwise expressly provided herein, and subject to Section 7.2 hereof, the General Partner shall, on behalf of, of and at the expense of, of the Partnership, have the right, power and authority:

Appears in 1 contract

Samples: Exchange Rights Agreement (LTC Properties Inc)

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