Common use of Management Generally Clause in Contracts

Management Generally. (a) Subject to the requirements of the Investment Company Act, the voting rights of the Interests and the rights of the Board of Directors set forth herein, the management of the Company shall be vested exclusively in the General Partner, which shall have, subject to the foregoing, all of the power and authority of a "general partner" of the Company within the meaning of the Delaware Act, including the authority to appoint officers and to authorize persons to act on behalf of the Company and engage third parties to provide services to the Company and to perform any permissible activity and is further authorized to delegate such power and authority to such officers or authorized Persons as it determines to be appropriate. The Board of Directors may designate one or more committees each of which shall have all or such lesser portion of the power and authority of the entire Board of Directors as the Directors shall determine from time to time, except to the extent that action by the entire Board of Directors or particular Directors is required by the Investment Company Act.

Appears in 6 contracts

Samples: Partnership Agreement (Special Value Continuation Partners, LP), Partnership Agreement (Special Value Continuation Partners, LP), Partnership Agreement (Special Value Continuation Fund, LLC)

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Management Generally. (a) Subject to the requirements of the Investment Company Act, the voting rights of the Interests and the rights of the Board of Directors set forth hereinShares, the management of the Company shall be vested exclusively in the General PartnerBoard of Directors, which shall have, subject to the foregoing, have all of the power and authority of, and each Director, for the purposes of the Delaware Act, is hereby named, a "general partnermanager" of the Company within the meaning of the Delaware Act, including the authority to appoint officers and to authorize persons Persons to act on behalf of the Company and engage third parties to provide services to the Company and to perform any permissible activity and is further authorized to delegate such power and authority to such officers or authorized Persons as it determines to be appropriate, subject to the requirements of the Investment Company Act. The Board of Directors may designate one or more committees each of which shall have all or such lesser portion of the power and authority of the entire Board of Directors as the Directors shall determine from time to time, except to the extent that action by the entire Board of Directors or particular Directors is required by the Investment Company Act.

Appears in 1 contract

Samples: Operating Agreement (York Enhanced Strategies Fund, LLC)

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Management Generally. (a) Subject to the requirements of the Investment Company Act, the voting rights of the Interests and the rights of the Board of Directors set forth herein, the management of the Company Partnership shall be vested exclusively in the General Partner, which shall have, subject to the foregoing, all of the power and authority of a "β€œgeneral partner" ” of the Company Partnership within the meaning of the Delaware Act, including the authority to appoint officers and to authorize persons to act on behalf of the Company Partnership and engage third parties to provide services to the Company Partnership and to perform any permissible activity and is further authorized to delegate such power and authority to such officers or authorized Persons as it determines to be appropriate. The Board of Directors may designate one or more committees each of which shall have all or such lesser portion of the power and authority of the entire Board of Directors as the Directors shall determine from time to time, except to the extent that action by the entire Board of Directors or particular Directors is required by the Investment Company Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (PNMAC Mortgage Opportunity Fund LP)

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