Common use of Authority of the General Partner Clause in Contracts

Authority of the General Partner. In addition to the rights and powers the General Partner has under this Agreement and law, the General Partner shall, except to the extent otherwise provided herein, have all rights and powers required or appropriate to manage the Partnership business, including without limitation, the right to hire other professional advisors and other personnel to provide services to the Partnership. To accomplish the purposes of the Partnership the authority of the General Partner includes, but is not limited to the following: (a) to purchase, sell, invest in and deal in stocks, bonds, notes, evidence of indebtedness and any other securities of any person whether foreign or domestic; (b) to guarantee the financial transactions of others that are for the benefit of the Partnership; (c) to borrow money; (d) to sell, pledge, or dispose of assets of the Partnership; (e) to carry such insurance as the General Partner deems necessary; and (f) to perform all acts deemed appropriate by the General Partner to carry out the purposes of the Partnership.

Authority of the General Partner. In addition to the ------------------------------------ rights and powers the General Partner has under this Agreement and law, the General Partner shall, except to the extent otherwise provided herein, have all rights and powers required or appropriate to manage the Partnership business, including without limitation, the right to hire other professional advisors and other personnel to provide services to the Partnership. To accomplish the purposes of the Partnership the authority of the General Partner includes, but is not limited to the following: (a) to purchase, sell, invest in and deal in stocks, bonds, notes, evidence of indebtedness and any other securities of any person whether foreign or domestic; (b) to guarantee the financial transactions of others that are for the benefit of the Partnership; (c) to borrow money; (d) to sell, pledge, or dispose of assets of the Partnership; (e) to carry such insurance as the General Partner deems necessary; and (f) to perform all acts deemed appropriate by the General Partner to carry out the purposes of the Partnership.