Business of Partnership. The exclusive purpose of the Partnership shall be to own and operate those certain casual restaurants known as Outback Steakhouse® and Carrabba’s Italian Grill® at those addresses listed on Exhibit A, and such additional restaurants, if any, as may be approved by the Partners their sole discretion and as may hereafter be established by the Partnership (individually, the “Restaurant,” or collectively, the “Restaurants”). The Partnership shall not engage in any other business or activities. The purpose, authority, and scope of the Partnership shall extend no further than the purpose set forth in this Section 2. This Agreement shall not be deemed or construed to create a relationship between the Partners with respect to any activities whatsoever except for those activities required for the accomplishment of the Partnership’s purpose as specified in this Section 2.
Business of Partnership. The Partnership shall have the authority to engage in any activities permitted generally to limited partnerships. The business of the Partnership shall be to engage in the oil and gas industry and all necessary or incidental activities. The Partnership intends to acquire and develop properties located in Mississippi, Louisiana and other locations as determined by the Managing Partner. The Partnership may, without limitation, (a) invest in drilling projects sponsored by Affiliates or non-Affiliated parties; (b) acquire leasehold acreage from Affiliates or others as sole owner or in participation with Affiliates or non-Affiliated parties; and (c) develop leasehold acreage alone or in participation with Affiliates or non-Affiliated parties. The Partnership shall not engage in any significant activity other than those described in this Section without a Majority Consent.
Business of Partnership. 4.1 This Partnership is organized for the purpose of engaging in the following activities:
(a) to engage primarily in the business of making various types of mortgage loans to churches, schools and related non-profit organizations, to sell, buy and participate in loans to such organizations, to acquire land to construct future facilities for such organizations, and to invest in bonds issued by such organizations and other suitable debt and equity instruments and investments issued by private and public companies; and
(b) to engage in any activity and exercise any powers permitted to partnerships under the laws of the State of Georgia that are related or incidental to the foregoing and necessary, advisable or appropriate to accomplish the foregoing.
Business of Partnership. 2.1. The business of the Partnership will be:
(a) To negotiate the rights to mine and extract lithium brines in the territory of Bolivia with such rights to be vested in JVCo such that JVCo shall exploit such rights on behalf of the Partners. If (and only if) both Partners agree and consider it appropriate, the JVCo may look at opportunities in nearby countries;
(b) To manage the exclusive rights to exploit the iTDE Technology (as may be amended or improved) in Bolivia in accordance with the present Agreement;
(c) To accomplish any lawful business which shall at any time appear conducive to or expedient for pursuit of the Partnership purpose and the protection or benefit of the Partnership and its assets;
(d) To exercise all other powers necessary to or reasonably connected with the Partnership’s business that may be legally exercised by a Partnership; and
(e) To engage in all activities necessary, customary, convenient, or incident to any of the foregoing.
Business of Partnership. The Partnership shall carry on the business of (i) purchasing, owning and renting Vehicles throughout Canada and (ii) selling Vehicles that it has owned as rental Vehicles. The Partnership shall be further authorized to exercise all powers ancillary and incidental thereto or reasonably in furtherance thereof and not specifically excluded by the terms of this Agreement. The Partnership shall not carry on any business not permitted by this Section 2.3.
Business of Partnership. The business of the Partnership shall be to acquire, hold, improve, develop, and operate the Jonah Field Gathering System and such other facilities as may be useful for the gathering, treating, processing, and transportation of natural gas and the various products derived therefrom from wells located in the Jonah Field Area (said area comprising: all of Xxxxxhips 27 North through 30 North, Range 107 West; all of Townships 27 North through 29 North, Xxxxxx 000 xxx 000 Xxxt; all of Township 30 North, Range 109 West; and all of Section 36 in Township 30 North, Range 108 West), Sublette County, Wyoming, to one or more delivery points owned by parties other than the Partnership. Said delivery points may include gas processing plants, pipelines or end user facilities and to do all things and exercise all powers authorized under the Act which may be necessary, convenient or incidental to such purpose, including, without limitation:
(a) entering into partnership or joint venture agreements, right-of-way easements, operating agreements providing for operation of the Jonah Field Gathering System or the various elements thereof, construction contracts, gas gathering and gas processing agreements, or other agreements;
(b) establishing an office and retaining employees and independent contractors;
(c) establishing bank accounts; and
(d) exercising such powers of eminent domain as may be accorded to the Partnership under applicable law.
Business of Partnership. The Partnership’s sole purpose shall be to promote the welfare of low-income persons and to acquire, construct, own, hold for investment, operate, manage, lease or sell an affordable rental housing development for low-income persons in the County of Los Angeles (the “Project”).
Business of Partnership. The Partnership shall carry on the business of (i) purchasing, owning and renting Vehicles throughout Canada, (ii) selling Vehicles that it has owned as rental Vehicles, (iii) leasing Vehicles to Alamo pursuant to the Alamo Lease, and (iv) if approved by the Rating Agency, leasing Vehicles to Franchisees. The Partnership shall be further authorized to exercise all powers ancillary and incidental thereto or reasonably in furtherance thereof and not specifically excluded by the terms of this Agreement. The Partnership shall not carry on any business not permitted by this section 2.3.
Business of Partnership. The business of the Partnership shall be to (i) carry on business in performing its functions as Administrator; (ii) hold all of the issued and outstanding capital stock of Rental ULC; (iii) in accordance with the terms of the Purchase Agreement for such period specified in the Purchase Agreement, hold registered ownership (but not beneficial ownership) of Rental ULC Vehicles on behalf of Rental ULC; (iv) enter into and perform its obligations under the Transaction Documents to which it is a party; (v) invest in securities except to the extent prohibited by the Transaction Documents; (vi) make loans to a Partner or Rental ULC or borrow or receive advances from Rental ULC or an Affiliate to the extent permitted by the Transaction Documents; (vii) rent Vehicles throughout Canada; (viii) grant security in accordance with the terms of the Transaction Documents; and (ix) subject to the terms of the Transaction Documents, engage in any activity and to exercise any powers permitted to partnerships governed by the Act that are necessary, convenient or advisable to accomplish the foregoing. The Partnership shall engage in no other business prior to the Termination Date.
Business of Partnership. Without the consent of all Partners:
(A) Do any act which would make it impossible to carry on the ordinary business of the Partnership;
(B) Confess a judgment against the Partnership other than in connection with the Initial Mortgage Loan and/or any refinancing or replacement thereof;
(C) Possess property of the Partnership, or assign the rights of any Partner in any Partnership property, for other than a Partnership purpose.
