Common use of Purpose Term Clause in Contracts

Purpose Term. The purpose of the Partnership shall be to engage in any one or more enterprises, ventures, undertakings and businesses permissible under applicable laws, including the making, protecting, enhancing and otherwise dealing with investments of whatever nature in property, whether real or personal, including but not limited to investments in common and preferred stock, puts and calls, convertible bonds, bonds, debentures, commodities and interests in existing businesses, and to do all other things proper and necessary to effect such purposes. The term of the Partnership shall commence on the date a Certificate of Limited Partnership is filed with the Secretary of State of the State of Delaware and shall continue until December 31, 2047, unless earlier dissolved as provided herein.