Common use of Authority of the General Partners Clause in Contracts

Authority of the General Partners. (a) Except as otherwise expressly provided in this Agreement, all decisions respecting any matter set forth herein or otherwise affecting or arising out of the conduct of the business of the Partnership shall be made by the General Partners and the General Partners shall have the exclusive right and full authority to manage, conduct and operate the Partnership's business. Specifically, but not by way of limitation, and subject to Section 4.01 and subsection (c) hereof, the General Partners shall be authorized in the name and on behalf of the Partnership:

Appears in 3 contracts

Samples: Franklin Street Partners Lp, Franklin Street Partners Lp, Franklin Street Partners Lp

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Authority of the General Partners. (a) Except to the extent otherwise provided in Section 5.2, the General Partners shall manage the business of the Partnership and shall have the power and authority to exercise all rights and powers, to make all decisions and to take all other actions not expressly reserved to the Partners hereunder which by law would otherwise be exercised, made or taken by all of the Partners or by the General Partners. Except as otherwise expressly provided in this Agreement, all decisions respecting any matter set forth herein or otherwise affecting or arising out if a vote is required of the conduct General Partners, the vote of General Partners holding a majority of the business of the Partnership shall be made Percentage Interests held by the General Partners and the General Partners shall have the exclusive right and full authority to manage, conduct and operate the Partnership's business. Specifically, but not by way of limitation, and subject to Section 4.01 and subsection (c) hereof, the General Partners shall be authorized in the name and on behalf of the Partnership:control.

Appears in 1 contract

Samples: Stratos Funding, LP

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Authority of the General Partners. (a) Except as A. In addition to any other rights and powers which the General Partners may possess under this Agreement and the Act, the General Partners, or any one or more of them, shall., except to the extent otherwise expressly provided in this Agreementherein, have all decisions respecting any matter set forth herein specific rights and powers required or otherwise affecting or arising out of appropriate to the conduct of the business management of the Partnership shall be made business which, by the General Partners and the General Partners shall have the exclusive right and full authority to manage, conduct and operate the Partnership's business. Specifically, way of illustration but not by way of limitation, may include the following rights and subject to Section 4.01 and subsection (c) hereof, the General Partners shall be authorized in the name and on behalf of the Partnershippowers:

Appears in 1 contract

Samples: Valuation and Appraisal (Telco Systems Inc /De/)

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