Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions that the General Partner may take and all determinations that the General Partner may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of the General Partner.
Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which any Manager may take and all determinations which any Manager may take and all determinations which any Manager may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such Manager.
Sole and Absolute Discretion. Any option, consent, approval, or discretion or similar right of Lender set forth in this Agreement or any of the other Loan Documents may be exercised by Lender in its sole, absolute and unreviewable discretion, unless the provisions of this Agreement or the other Loan Documents specifically requires a different standard.
Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which any Member may take and all determinations which any Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such Member.
Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which the Managing Member may take and all determinations which any Managing Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such Managing Member. In the event there shall be more than one Managing Member, all such actions and determinations shall be taken and made by the unanimous vote of all Managing Members.
Sole and Absolute Discretion. Whenever in this Agreement an ---------------------------- Indemnified Person is permitted or required to make a decision (i) in its "sole discretion" or "discretion", or under a similar grant of authority or latitude, the Indemnified Person shall be entitled to consider only such interests and factors as it desires and may consider its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its good faith or under another express standard, the indemnified Person shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement or by law or any other agreement contemplated herein.
Sole and Absolute Discretion. The foregoing conditions are for the sole benefit of Parent and not for the benefit of any other Person and shall not give rise to or create any duty on the part of Parent or Parent’s board of directors to waive or not waive any such condition or in any way limit the right of Parent to terminate this Agreement as set forth in ARTICLE X or alter the consequences of any such termination from those specified in such Article. Any determination made by the Parent Board of Directors prior to the Distribution concerning the satisfaction or waiver of any or all of the conditions set forth in Section 3.02 shall be conclusive and binding on the Parties. If Parent waives any material condition, it shall promptly issue a press release disclosing such fact and file a Current Report on Form 8-K with the Commission describing such waiver.
Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which the Partnership Board may take and all determinations which the Partnership Board may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of the Partnership Board.
Sole and Absolute Discretion. Any option, consent, approval, discretion or similar right of Lender set forth in this Note may be exercised by Lender in its reasonable discretion, unless the provisions of this Note or another Loan Document specifically require another standard.
Sole and Absolute Discretion. 50 13.10 Certificates................................................................... 50 SCHEDULES AND EXHIBITS Schedule A - Capital Contributions and Sharing Percentages of the Partners Exhibit 4.6.1 - Section 704(c) Allocation Methods LIMITED PARTNERSHIP AGREEMENT OF PETRO STOPPING CENTERS HOLDINGS, L.P., A DELAWARE LIMITED PARTNERSHIP ------------------------------ THIS LIMITED PARTNERSHIP AGREEMENT OF PETRO STOPPING CENTERS HOLDINGS, L.P. (the "Partnership") is entered into as of the 15th day of July 1999 by and among Petro, Inc., a Texas corporation, ("Petro") as the General Partner and as a Limited Partner, Xxxxx X. Xxxxxxxx, Xx. ("Xxxxxxxx Sr."), Xxxxx X. Xxxxxxxx, Xx. ("Xxxxxxxx Jr."), JAJCO II, Inc., a Delaware corporation ("JAJCO II," and, together with Petro, Xxxxxxxx Sr., and Xxxxxxxx Jr., the "Xxxxxxxx Partners"), Mobil Long Haul Inc., a Delaware corporation ("Mobil"), Volvo Petro Holdings, LLC, a Delaware limited liability company ("Volvo"), and Petro Warrant Holdings Corporation, a Delaware corporation ("Warrant Holdings") as Limited Partners, pursuant to the provisions of the Delaware Revised Uniform Limited Partnership Act, with reference to the following recitals and on the terms and conditions set forth in this Agreement. The Certificate of Limited partnership of the Partnership was filed in the Office of the Secretary of State of the State of Delaware on July 6, 1999.
