Authority of General Partners. A. Except to the extent otherwise provided herein, including, without limitation, in Section 5.2C, 5.3A, 5.4A, 5.4B, 5.5A and 5.5B, the General Partners for, and in the name of, and on behalf of, the Partnership, are hereby authorized:
Authority of General Partners. 19 4.02. Operation of the Partnership................................... 22 4.03.
Authority of General Partners. The General Partners, as such, and not the Limited Partners, as such, shall have full and complete discretion in the management of the Partnership for the purposes set forth in Section 2.03 and to do all things necessary, desirable or convenient to carry on the business of the Partnership without notice to or obtaining the consent of the Limited Partners. Subject to the foregoing, the General Partners shall perform or cause to be performed, at the Partnership's expense and in its name, the development and completion of the Project, the negotiation and coordination of contracts for the acquisition of the Project, the arrangement for long-term loans and the coordination of all management, leasing and operational functions relating to the Resort upon its completion. Without limiting the generality of the foregoing, the General Partners (subject to the provisions of this Venture Agreement) are expressly authorized on behalf of the Partnership to:
Authority of General Partners. Unless specifically provided otherwise in this Agreement, the General Partners shall be solely responsible for the management of, and shall have the exclusive control over, the business operations of the Partnership. There being more than one General Partner, unless specifically stated otherwise, all decisions of the General Partners made under the powers and authorities granted herein and otherwise effecting the Partnership shall be made upon a vote of a majority in interest of the General Partners. In addition to, and not in limitation of, the powers conferred by law, the General Partners shall have the following rights, powers and authority, acting for and on behalf of the Partnership, on such terms as the General Partners may determine, in their discretion, to be necessary, convenient or incidental to accomplish the purposes of the Partnership:
Authority of General Partners. Subject to the limitations and restrictions set forth in this Agreement, the General Partners shall have all of the rights and powers of general partners under the Act and all of the rights and powers set forth in this Agreement, including the following rights and powers:
Authority of General Partners. The signature of one or more of the General Partners shall be necessary and sufficient to execute any agreements, contracts, deeds, promissory notes, instruments or other documents and all of the Partners agree that a copy of this Agreement may be shown to the appropriate parties in order to confirm the same, and further agree that the signatures of any one of the General Partners shall be sufficient to execute any “statement of partnership” or other documents necessary to effectuate this or any other provision of this Agreement. All of the Partners do hereby appoint each of the General Partners as their attorney-in-fact for the execution of any or all of the documents described herein.
Authority of General Partners. (a) The management and operation of the Partnership and the formulation of investment policy is vested exclusively in the General Partner. The General Partner shall, in its sole discretion, exercise all powers necessary and convenient to carry out the purposes of the Partnership, including those set forth in Section 2.01, on behalf and in the name of the Partnership.
