PURPOSES AND POWERS OF THE PARTNERSHIP. NATURE OF THE BUSINESS OF THE PARTNERSHIP
PURPOSES AND POWERS OF THE PARTNERSHIP. The Partnership is organized for the purpose of seeking long-term capital appreciation through investing in a few (possibly only one) undervalued financial institutions. The Partnership shall have the authority to enter into and perform all contracts and other undertakings, and engage in all other activities and transactions as the General Partner may deem necessary, advisable, or convenient for carrying out the purposes of the Partnership, including (but not limited to) the authority to:
PURPOSES AND POWERS OF THE PARTNERSHIP. The principal purpose of the Partnership shall be to enter into the Joint Venture Agreement with EPC and the Edge Group II for the purpose of engaging in the business of prospect generation and sales, and activities relating thereto, within the Continental United States and offshore state waters as described in a Private Placement Memorandum for the Edge Group II dated December 13, 1990 which is attached to the Partnership Agreement as an Exhibit. The purposes of this Partnership may be accomplished through:
PURPOSES AND POWERS OF THE PARTNERSHIP. The purpose of the Partnership shall be to acquire and lease commercial properties on which fast-food restaurants which are part of regional or national restaurant chains are or will be located, as more fully described in the Prospectus. Subject to the limiations set forth elsewhere in this Agreement, the Partnership shall be empowered to do or cause to be done, or not to do, any and all acts deemed by the General Partners to be necessary or appropriate or in furtherance of the purpose of the Partnership, including, without limitation, the power and authority. (a) to acquire, own, lease, manage and/or operate any Properties; (b) to enter into joint venture arrangements or general partnerships with any person or entity wihch is not an Affliate of any of the General Partners for the acquisitions, ownership, leasing, management and/or operation of any Properties, provided that the Partnership has the ability to control the management decisions of any such joint venture or general partnership and there are no duplicate fees; (c) to acquire any personal property necessary or appropriate, in the opinion of the General Partners, for the business of the Partnership; (d) to make such elections under the Code as to the treatment of items of Partnership income, Gain, Loss, deductions and credit, and as to all relevant matters as the General Partners believe necessary, desirable or beneficial to the Limited Partners;
PURPOSES AND POWERS OF THE PARTNERSHIP. The Partnership has been formed pursuant to the Act for the purposes of (i) owning, operating, maintaining, administering, developing, holding, improving, rehabilitating, redeveloping, renovating, expanding, leasing, mortgaging, selling, exchanging, disposing of, and generally dealing in and with, the Properties and any other property owned by the Partnership, (ii) financing or refinancing for any of the foregoing purposes, or for any other purpose in furtherance of, or necessary, convenient, or incidental to the business or requirements of the Partnership, (iii) seeking to acquire, acquiring, obtaining options or other rights to acquire (pursuant to a purchase for cash and/or other consideration, exchange, merger, contribution to the capital of the Partnership, or otherwise) interests in, or in Persons owning, or owning an interest or interests in property or properties in anticipation of developing same, or any other property as shall be specifically, in all such cases, designated from time to time by the General Partner, (iv) holding an interest as a partner (general and/or limited), member or shareholder in a management leasing, development, administrative or other service company, including interests incidental to such interests, and (v) engaging in any other activities (including the ownership of property) that are in furtherance of or necessary or incidental or related to any of the foregoing. In furtherance of its purposes, but subject to the provisions of this Agreement, the Partnership has the power and is hereby authorized to, directly or indirectly:
PURPOSES AND POWERS OF THE PARTNERSHIP. A. The object and purpose of the Partnership shall be to acquire, own, manage and dispose of investment assets.
PURPOSES AND POWERS OF THE PARTNERSHIP. The purpose of the Partnership shall be limited strictly to the acquisition, ownership, holding for investment, exploration and development of the Properties, which are held in the Brazilian Subsidiary. The Partnership may have no other purpose, and this Article may not be amended without the express written consent of all Partners, including the limited partners. The Partnership shall have and may exercise all powers necessary to the accomplishment of its purpose without the necessity of their specific enumeration herein.
PURPOSES AND POWERS OF THE PARTNERSHIP. The Partnership is organized for the purpose of providing loans or otherwise providing financing (herein together with Loans made under Sec. 2.10, collectively called "Loans") to health care providers secured by equipment, real estate, inventory, stock, accounts receivable or cash flow (herein called "Collateral") and taking such actions as may be necessary or incidental to such purpose. Heath care providers include, without limitation, hospitals, physician groups, nursing homes, out- patient surgery centers, home health care companies, durable medical equipment companies and similar entities (herein called "Health Care Providers"). The Partnership may not engage in any investment, trading or financing activity of any kind other than as set forth above, but subject to such limitation, the Partnership shall have the power to engage in all activities and transactions that the General Partner may deem necessary or advisable in connection with the foregoing purpose.
PURPOSES AND POWERS OF THE PARTNERSHIP. The Partnership has been formed pursuant to the Partnership Law and continued in accordance with this Agreement for the purposes of (i) owning, operating, maintaining, administering, developing, holding, improving, rehabilitating, redeveloping, renovating, expanding, leasing, mortgaging, selling, exchanging, disposing of, and generally dealing in and with, the Development Opportunities, the Development Opportunity Interests, the Regional Centers, the Regional Center Interests, and any other property owned by the Partnership, (ii) financing or refinancing for any of the foregoing purposes, or for any other purpose in furtherance of, or necessary, convenient, or incidental to the business or requirements of the Partnership, (iii) seeking to acquire, acquiring, obtaining options or other rights to acquire (pursuant to a purchase for cash and/or other consideration, exchange, merger, contribution to the capital of the Partnership, or otherwise) interests in, or in Persons owning, or owning an interest or interests in, regional retail shopping centers (including mixed-use properties the retail component of which is or is anticipated to be of significant value in relation to the value of the entire mixed-use property), or property or properties in anticipation of developing same as a regional retail shopping center or centers, or any other property as shall be specifically, in all such cases, designated from time to time by the Managing General Partner, with the approval or at the direction of the Partnership Committee, (iv) holding an interest as a partner (general and/or limited) or shareholder in a management, leasing, development, administrative or other service company, including interests incidental to such interest, and (v) engaging in any other activities (including the ownership of property) that are in furtherance of or necessary or incidental or related to any of the foregoing. In furtherance of its purposes, but subject to the provisions of this Agreement, the Partnership has the power and is hereby authorized to, directly or indirectly:
PURPOSES AND POWERS OF THE PARTNERSHIP. The principal purpose of the Partnership shall be as described in a Private Placement Memorandum for the Partnership to which this Agreement was attached as an Exhibit. The purposes of this Partnership may be accomplished through:
