Common use of Purpose of the Company; Business Clause in Contracts

Purpose of the Company; Business. The purpose of the Company is to own, acquire, hold, sell, transfer, assign, dispose of or otherwise administer the partnership or other interests in, and act as the general partner or other interest holder of, the Partnership and each other Group Member and to otherwise manage and control the business and affairs of the Partnership Group and to engage in and carry on any lawful business, purpose or activity ancillary or related thereto (including, for the avoidance of doubt, being a limited partner of any Group Member). The Company shall possess and may exercise all of the powers and privileges under the Act or by any other Applicable Law and may perform all things necessary or incidental to, or connected with or growing out of, those activities in accordance with this Agreement.

Purpose of the Company; Business. The purpose of the Company is to own, acquire, hold, sell, transfer, assign, dispose of or otherwise administer the partnership or other interests in, and act as the general partner or other interest holder of, the Partnership and each other Group Member and to otherwise manage and control the business and affairs of the Partnership Group and to engage in and carry on any lawful business, purpose or activity ancillary or related thereto (including, including for the avoidance of doubt, being a limited partner of any Group Member). The Company shall possess and may exercise all of the powers and privileges under the Act or by any other Applicable Law and may perform all things necessary or incidental to, or connected with or growing out of, those activities in accordance with this Agreement.