Authority of Partners and Affiliated Persons to Deal with Partnership A. The General Partner may, for, in the name of, and on behalf of, the Partnership, acquire property from, borrow money from, enter into agreements, contracts or the like (in addition to those set forth herein) with, or reimburse for reasonable out-of-pocket expenses incurred in connection with the preparation of reports by, any Sponsor in an independent capacity, as distinguished from such capacity (if any) as a Sponsor, as if such Sponsor were an independent contractor; provided, however, that any such agreement shall be subject to the conditions set forth in Section 5.2A(ii) herein.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Realty Parking Properties Ii Lp), Limited Partnership Agreement (Realty Parking Properties Ii Lp), Agreement of Limited Partnership (Redwood Equipment Leasing Income Fund Lp)
Authority of Partners and Affiliated Persons to Deal with Partnership A. The General Partner Partners may, for, in the name of, and on behalf of, the Partnership, acquire property from, borrow money from, enter into agreements, contracts or the like (in addition to those set forth herein) with, or reimburse for reasonable out-of-pocket expenses incurred in connection with the preparation of reports by, any Sponsor in an independent capacity, as distinguished from such capacity (if any) as a Sponsor, as if such Sponsor were an independent contractor; provided, however, that any such agreement shall be subject to the conditions set forth in Section 5.2A(ii) herein.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership)
