Common use of Appointment of General Partner as Attorney-in-Fact Clause in Contracts

Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Partner and Substitute Partner that are Limited Partners, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited to: (i) All certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the foregoing power of attorney of an assignor Limited Partner shall survive such assignment only until such time as the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co)

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Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Partner and Substitute Partner that are Limited Partners, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited to: (i) All certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Person’s Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the foregoing power of attorney of an assignor Limited Partner shall survive such assignment only until such time as the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Rush Street Interactive, Inc.), Business Combination Agreement (dMY Technology Group, Inc.)

Appointment of General Partner as Attorney-in-Fact. (a) 14.1.1 Each Limited Partner, including including, without limitation, each Additional Partner and Substitute Partner that are Limited PartnersPartner, by its execution of this Agreement, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, Partner as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited toincluding, without limitation: (ia) All certificates and other instruments (including including, without limitation, counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, qualify or continue or otherwise operate the Partnership as a limited partnership (or other entity a partnership in which the Limited Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Limited Partners. (iib) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership adopted in accordance with the terms of this Agreement. (iiic) All conveyances of Partnership assetsproperty, and all other instruments instruments, which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) 14.1.2 The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity bankruptcy, death, adjudication of incompetence or insanity, other incapacity or dissolution of any Person hereby giving such power, and the Transfer transfer or assignment of all or any portion of the Interests of such Person Partnership InterestPerson, and shall not be affected by the subsequent Incapacity incapacity of the principal; provided, however, provided that in the event of the assignment by a Limited Partner of all of its Partnership InterestInterests, the foregoing power of attorney of an the assignor Limited Partner shall survive such assignment only until such time as the Assignee assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Verso Sartell LLC), Limited Partnership Agreement (Verso Paper Corp.)

Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Limited Partner and Substitute Partner that are Substituted Limited PartnersPartner, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited to: (i) All certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Person’s Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the foregoing power of attorney of an assignor Limited Partner shall survive such assignment only until such time as the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Perella Weinberg Partners), Agreement of Limited Partnership (Perella Weinberg Partners)

Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Partner and Substitute Partner that are Limited Partners, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited to: (i) All certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the foregoing power of attorney of an assignor Limited Partner shall survive such assignment only until such time as the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Moelis & Co)

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Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Limited Partner and Substitute Partner that are Limited PartnersPartner, irrevocably makes, constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in its name, place and stead to execute, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to carry out the provisions of this Agreement, including but not limited to: (i) All certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with the terms hereof, and all instruments which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement. (b) The appointment by all Limited Partners of the General Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon the power of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Person’s Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the foregoing power of attorney of an assignor Limited Partner shall survive such assignment only until such time as the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitution.

Appears in 1 contract

Samples: Business Combination Agreement (FinTech Acquisition Corp. IV)

Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner (including any substituted Limited Partner) hereby irrevocably constitutes, including each Additional Partner appoints and Substitute Partner that are Limited Partners, irrevocably makes, constitutes and appoints empowers the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, Partner and each of those acting singlyits duly authorized officers, in each case managers, successors and assignees, with full power of substitutionsubstitution and resubstitution, as its true and lawful attorney-in-fact with full power and authority fact, in its name, place and stead and for its use and benefit, to execute, certify, acknowledge, deliverfile, record and swear toto all instruments, file agreements and record at the appropriate public offices such documents as may be necessary or appropriate advisable to carry carrying out the provisions of this Agreement, including but not limited tofollowing: (ia) All certificates and other instruments (including counterparts of this Agreement), any and all amendments thereto, which the General Partner deems appropriate to form, qualify, continue or otherwise operate the Partnership as a limited partnership (or other entity in which the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion of the General Partner, necessary or desirable to protect the limited liability of the Partners. (ii) All amendments to this Agreement adopted in accordance with that may be permitted or required by this Agreement or the terms hereofAct, including amendments required to effect the admission of substituted Limited Partners pursuant to and all instruments as permitted by this Agreement or to revoke any admission of a Limited Partner which the General Partner deems appropriate to reflect a change or modification of the Partnership in accordance with the terms of is prohibited by this Agreement. (iii) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order to complete a dissolution and termination of the Partnership pursuant to this Agreement.; (b) any certificate of cancellation of the Certificate that may be necessary upon the termination of the Partnership; (c) any business certificate, certificate of limited partnership, amendment thereto, or other instrument or document of any kind necessary to accomplish the Partnership Business; and (d) all other instruments that may be required or permitted by law to be filed on behalf of the Partnership and that are not inconsistent with this Agreement. Each Limited Partner authorizes such attorney-in-fact to take any further action which such attorney-in-fact shall consider necessary or advisable in connection with any of the foregoing, hereby giving such attorney-in-fact full power and authority to do and perform each and every act or thing whatsoever necessary or advisable to be done in and about the foregoing as fully as such Limited Partner might or could do if personally present, and hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue hereof. The appointment by all each Limited Partners Partner of the General Partner and each of its duly authorized officers, successors and assigns with full power of substitution and resubstitution, as attorneyaforesaid, as attorneys-in-fact shall be deemed to be a power coupled with an interest, shall be irrevocable and shall survive and not be affected by the dissolution, bankruptcy, incapacity, disability or death of any Limited Partner, in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will shall be relying upon the power of the General Partner and such officers, managers, successors and assigns to act as contemplated by this Agreement in any such filing and other action by it on behalf of the Partnership, shall survive the Incapacity of any Person hereby giving such power, and the Transfer or assignment of all or any portion of the such Person Partnership Interest, and shall not be affected by the subsequent Incapacity of the principal; provided, however, that in the event of the assignment by a Limited Partner of all of its Partnership Interest, the . The foregoing power of attorney of an assignor shall survive the Transfer by any Limited Partner shall survive such assignment only until such time as of the Assignee shall have been admitted to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitutionwhole or any part of its Interest hereunder.

Appears in 1 contract

Samples: Limited Partnership Agreement (Homer City Generation, L.P.)

Appointment of General Partner as Attorney-in-Fact. (a) Each Limited Partner, including each Additional Partner and Substitute Partner that are Limited Partners, irrevocably makes, constitutes and appoints the General Partner (so long as it continues to serve in such capacity) such Limited Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its ’s true and lawful attorney-in-fact with full power and authority in its name, place place, and stead to execute, acknowledge, deliver, swear to, file file, and record at the appropriate public offices such documents the following documents, as may be necessary necessary, convenient, or appropriate advisable, in the reasonable discretion of any such attorney-in-fact, to carry out the provisions of this Agreement, including but not limited to: (i) All all certificates and other instruments (including counterparts of this Agreement), and all amendments thereto, which the General Partner deems appropriate to form, qualify, register, or continue or otherwise operate the Partnership as a limited partnership (in any jurisdiction or other entity in which to comply with any laws applicable to the Partners will have limited liability comparable to that provided in the Act), in the jurisdictions in which the Partnership may conduct business or in which such formation, qualification or continuation is, in the opinion offering of the General Partner, necessary or desirable to protect the limited liability of the Partners.Units; (ii) All all amendments to this Agreement or the Certificate as may be (A) appropriate to reflect the admission or withdrawal of any Partner or the Transfer of any Unit (including sale of a Defaulting Interest under Section 2.9(b) or forfeiture of a Defaulting Interest under Section 2.9(c)) or (B) adopted in accordance with the terms hereof, ; (iii) all conveyances and all other instruments which the General Partner deems as may be appropriate to reflect a change or modification the dissolution and termination of the Partnership in accordance with the terms of this Agreement.; and (iiiiv) All conveyances of Partnership assets, and other instruments which the General Partner reasonably deems necessary in order all fictitious or assumed name certificates required or permitted to complete a dissolution and termination be filed on behalf of the Partnership pursuant to this AgreementPartnership. (b) The appointment by all Limited Partners power of the General Partner as attorney-in-fact attorney in this Section 9.1 shall be deemed to be a power coupled with an interest, interest in recognition of the fact that each of the Limited Partners and Assignees under this Agreement will be relying upon such power for the power efficient conduct of the General Partner to act as contemplated by this Agreement in any filing and other action by it on behalf business of the Partnership, . The power of attorney in this Section 9.1 shall be irrevocable and shall survive the Incapacity Transfer of any Person hereby giving such powerUnit, and shall be binding on any Transferee, including any assignee of only the Transfer or assignment of all or any portion of the such Person Partnership Interestdistribution rights relating thereto, and shall not be affected by survive the subsequent Incapacity death, incompetence, or legal disability of any Limited Partner. (c) No attorney-in-fact under Section 9.1(a) shall take any action in such capacity for any Limited Partner where such action requires the principal; provided, however, that in the event Consent of the assignment by a Limited Partner of all of its Partnership Interestunder this Agreement, the foregoing power of attorney of an assignor Limited Partner shall survive unless such assignment only until such time as the Assignee Consent shall have been admitted given or deemed to the Partnership as a Substituted Limited Partner and all required documents and instruments shall have been duly executed, filed and recorded to effect such substitutiongiven.

Appears in 1 contract

Samples: Limited Partnership Agreement

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