Common use of Powers of the Partnership Clause in Contracts

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 48 contracts

Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Blackstone Group Inc)

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Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets and other property contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 15 contracts

Samples: Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Fifth Street Asset Management Inc.), Limited Partnership Agreement (Carlyle Group L.P.)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the PartnersAct, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the PartnersAct, by any other Law or and this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Virgin Mobile USA, Inc.), Limited Partnership Agreement (Wcof, LLC), Limited Partnership Agreement (Virgin Mobile USA, Inc.)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.062.6.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Aveon Group L.P.), Limited Partnership Agreement (Aveon Group L.P.), Limited Partnership Agreement (Aveon Group L.P.)

Powers of the Partnership. Subject to the limitations restrictions set forth in this Agreement, the Partnership will possess and may shall have the power to exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership this Agreement and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreementlaw, together with all any powers incidental thereto, so far as such powers and privileges are necessary or convenient to appropriate for the conduct, promotion or attainment of the purpose purposes of the Partnership. Except as otherwise expressly provided in this Agreement, the rights and obligations of the Partners and the administration and termination of the Partnership set forth in Section 2.06shall be governed by the Act.

Appears in 2 contracts

Samples: Partnership Agreement (Imc Global Inc), Partnership Agreement (Freeport McMoran Resource Partners Limited Partnership)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act Act, including, without limitation, the ownership and operation of the assets and other property contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (Beneficient)

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Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership Partnership, acting through its General Partners, will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

Appears in 1 contract

Samples: Limited Partnership Agreement (KKR & Co. L.P.)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the The Partnership will possess and may exercise have all of the powers and privileges granted to it a limited partnership by the Act includingAct, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law law, or by this Agreement, together with all including incidental powers incidental thereto, so far as to the extent such powers and privileges are necessary necessary, customary, convenient or convenient incidental to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06Partnership’s purpose.

Appears in 1 contract

Samples: Registration Rights Agreement (Rice Energy Inc.)

Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets and other property contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06. Section 2.08.

Appears in 1 contract

Samples: Partnership Agreement (GWG Holdings, Inc.)

Powers of the Partnership. Subject to the limitations restrictions set forth in this Agreement, the Partnership will possess and may shall have the power to exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership this Agreement and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreementlaw, together with all any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the purpose purposes of the Partnership set forth in Section 2.06Partnership.

Appears in 1 contract

Samples: Partnership Agreement (Polaris Inc.)

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