Common use of Purpose of the Partnership Clause in Contracts

Purpose of the Partnership. The purpose of the Partnership shall be to do any or all things that may lawfully be done by a limited partnership pursuant to the Act. The Partnership shall have any and all powers necessary or desirable to carry out the purpose and business of the Partnership to the extent the same may be legally exercised by limited partnerships under the Act. The partnership shall carry out the foregoing activities pursuant to the Certificate of Limited Partnership and this Agreement.

Purpose of the Partnership. The purpose of the Partnership shall be to do any or all things that may lawfully be done by a limited partnership pursuant to the Act. The Partnership shall have any and all powers necessary or desirable to carry out the purpose and business of the Partnership to the extent the same may be legally exercised by limited partnerships under the Act. The partnership Partnership shall carry out the foregoing activities pursuant to the Certificate of Limited Partnership and this Agreement.

Purpose of the Partnership. The purpose of the Partnership shall be to do any or all things that may lawfully be done by a limited partnership pursuant to the Act. The Partnership shall have any and all powers necessary or desirable to carry out the purpose and business of the Partnership shall Ье to engage in any lawful business activity agreed to Ьу the extent members with а view to profit and to conduct such other activities as may Ье necessary or appropriate to promote the same business of the Partnership. The Partnership may be legally exercised by exercise all the powers and privileges either granted or limited partnerships under Ьу the Act. The partnership shall carry out the foregoing activities pursuant to the Certificate of Limited Partnership and this Agreement.