Purpose and Powers of the Partnership Sample Clauses

Purpose and Powers of the Partnership. The purpose of the Partnership shall be to engage in any lawful business which may be engaged in by a limited partnership organized under the Act including, but not limited to, the acquisition, working or disposition of mineral leases and other interests in oil and gas properties, by purchase or otherwise, and drilling for and participating directly or indirectly in the drilling for oil and natural gas located in, on or under such properties and investing and engaging in any and all phases of the oil and gas business and any and all activities incident thereto. Such business purposes shall also include, without limitation, the purchase, sale, acquisition, disposition, development, operation and production of and exploration for oil and gas, and the doing of all things incident thereto or connected therewith.
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Purpose and Powers of the Partnership. A. The purposes of the Partnership shall be to acquire, purchase, own, operate, manage, develop, redevelop, construct, improve, invest in, finance, refinance, sell, lease and otherwise deal with real property and assets related thereto, and interests therein (including, without limitation, debt), whether directly or indirectly, alone or in association with others. The purposes of the Partnership include, but are not limited to:
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Purpose and Powers of the Partnership. 11 Section 3.1 Purpose.................................................11 Section 3.2 Powers of the Partnership...............................11 Section 3.3 Limitations on Partnership Powers.......................11
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Purpose and Powers of the Partnership. The purpose of the Partnership shall be to serve, either alone or together with other persons or entities, mutually agreeable to the Managing General Partner, as an investor, sponsor, general partner or manager (or a combination of such) of investment accounts, investment partnerships and off-shore funds. In furtherance of the purpose of the Partnership, the Partnership shall have the power to do all things necessary or desirable in the conduct of its business to the fullest possible extent.
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Purpose and Powers of the Partnership. (a) The purposes of the Partnership shall be to acquire, purchase, own, operate, manage, develop, redevelop, construct, reconstruct, alter, modify, add to, subtract from, invest in, mortgage, encumber, exchange, sell, lease and otherwise deal with shopping centers, enclosed malls, single tenant and other primarily retail properties and residential, office and mixed use (retail/office) properties and industrial and warehouse properties and real estate and interests therein of all types, including, without limitation, mortgages, deeds of trust and similar interests and other instruments and participations therein, and assets related to the foregoing, including, without limitation, related amenities such as amusement parks or centers, whether directly or indirectly, alone or in association with others, and in general, to make any investments or expenditures, to borrow and lend money and to take any and all actions which are incidental or related to any of these purposes. It is agreed that each of the foregoing is an ordinary part of the Partnership's business and affairs. Property may be acquired subject to, or by assuming, the liens, encumbrances and title exceptions which affect such property. The Partnership may also be a partner, general or limited, in partnerships, general or limited, and joint ventures created to accomplish all or any of the foregoing.
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Purpose and Powers of the Partnership. 9 Section 3.1 PURPOSE.................................................9 Section 3.2 POWERS OF THE PARTNERSHIP..............................10 Section 3.3 LIMITATIONS ON PARTNERSHIP POWERS......................10
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Purpose and Powers of the Partnership. 99 4.1 Purpose ................................................................................... 99 4.2 Powers ................................................................................... 103 4.3 Title to Partnership Property ............................................................ 103 4.4 Summary of Transaction ................................................................... 103 ARTICLE 5 CAPITAL CONTRIBUTIONS; PERCENTAGE INTERESTS; FINANCING ................................. 113 5.1 Initial Capital Contributions ............................................................ 113 5.2 Additional Capital Contributions; Guarantees; Financing .................................. 114 5.3 Failure to Contribute Additional Contributions ........................................... 116 5.4 Computation of Capital Accounts .......................................................... 119 5.5 Capital Accounts Generally; No Interest on Capital ....................................... 120 ARTICLE 6
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Purpose and Powers of the Partnership 
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Related to Purpose and Powers of the Partnership

  • Purpose and Powers of the Company The Company is organized for the purpose of carrying on any lawful activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all of the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company contemplated by this Agreement.

  • Purpose and Powers (a) The Company is organized for the purposes of undertaking such activities as determined by the Board and, subject to the terms and conditions herein and of the Delaware Act, the Members, which are permitted by applicable law and engaging in activities incidental or ancillary thereto. Notwithstanding the forgoing, the Company has been organized to form a subsidiary which will acquire the artwork as identified on Schedule 1 (the “Painting”) and undertake certain actions with respect thereto.

  • Purposes and Powers of the Trust The purpose of the trust, as created hereunder, is to engage in the following activities:

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Bank Accounts and Powers of Attorney Set forth in Schedule 3.21 is an accurate and complete list showing (a) the name of each bank in which the Company has an account, credit line or safe deposit box and the names of all Persons authorized to draw thereon or to have access thereto, and (b) the names of all Persons, if any, holding powers of attorney from the Company and a summary statement of the terms thereof.

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

  • Purposes and Powers The purpose of the Trust is to engage in the following activities:

  • Express Powers of Trustee Without in any way limiting the powers and discretions conferred upon the Trustee by the other provisions of this Agreement or by law, the Trustee is expressly authorized and empowered:

  • Rights Obligations and Powers of the General Partner 6.1 Management of the Partnership.

  • Powers of General Partner Notwithstanding any provision of this Agreement to the contrary, the General Partner’s discretion and authority are subject to the limitations imposed by law, and by the General Partner’s Articles of Organization and operating agreement. Subject to the foregoing and to other limitations imposed by this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business and affairs of the Partnership and make all decisions affecting the business and assets of the Partnership. Without limiting the generality of the foregoing (but subject to the restrictions specifically contained in this Agreement), the General Partner shall have the power and authority to take the following actions on behalf of the Partnership:

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