Common use of Appointment of Managing General Partner Clause in Contracts

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint one of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Trager Scott), Agreement of Limited Partnership (Trager Trust of 2012), Limited Partnership Agreement (Gilman Sheldon G)

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