Common use of Duties and Obligations of General Partner Clause in Contracts

Duties and Obligations of General Partner. 6.4.1 The General Partner shall take any and all actions which may be necessary, appropriate or advisable for the continuation of the Partnership’s existence as a limited partnership under the laws of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners or to enable the Partnership to conduct the business in which it is engaged) and activities related thereto.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Cke Restaurants Inc), Limited Partnership Agreement (Aeroways, LLC), Limited Partnership Agreement (Verso Paper Holdings LLC)

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Duties and Obligations of General Partner. 6.4.1 (a) The General Partner shall take any and all actions which may be necessary, appropriate necessary or advisable appropriate: (i) for the continuation of the Partnership’s valid existence as a limited partnership under the laws Law of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners or to enable the Partnership to conduct the business in which it the Partnership is engaged); and (ii) for the accomplishment of the Partnership’s purposes, including the acquisition, development, maintenance, preservation, and activities related theretooperation of the Partnership Property in accordance with the provisions of this Agreement and Law.

Appears in 1 contract

Samples: Inergy Pipeline East, LLC

Duties and Obligations of General Partner. 6.4.1 11.5.1. The General Partner shall take any and all actions which may be necessary, necessary or appropriate or advisable (i) for the continuation of the Partnership’s valid existence as a limited partnership under the laws of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners Partner or to enable the Partnership to conduct the business in which it is engagedengaged and (ii) for the accomplishment of the Partnership’s purposes, including the development, maintenance, preservation, and activities related theretooperation of the Property in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Samples: Limited Partnership Agreement (2420 Lakemont Avenue MM, LLC)

Duties and Obligations of General Partner. 6.4.1 (a) The General Partner shall take any and all actions which may be necessary, necessary or appropriate or advisable (i) for the continuation of the Partnership’s 's valid existence as a limited partnership under the laws of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners Partner or to enable the Partnership to conduct the business in which it is engaged) and activities related thereto(ii) for the accomplishment of the Partnership's purposes, including the acquisition, development, maintenance, preservation, and operation of Property in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Samples: Agreement (Kansas City Southern Industries Inc)

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Duties and Obligations of General Partner. 6.4.1 A. The General Partner shall take any and all actions which action that may be necessary, necessary or appropriate or advisable for the continuation of the Partnership’s 's valid existence as a limited partnership under the laws of the State of Delaware (and under the laws of each other jurisdiction in which such existence is necessary to protect the limited liability of the Limited Partners or to enable the Partnership to conduct the business in which it is engaged) and activities related theretofor the acquisition, management, maintenance and operation of the Partnership Media Property in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Samples: Ml Media Partners Lp

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