Duties and Obligations of the General Partner. (a) The General Partner shall take all actions which may be necessary or appropriate (i) for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of Delaware (and 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 its Business) and (ii) for the achievement of the Partnership's purposes in accordance with the provisions of this Agreement and Applicable Laws.
Appears in 3 contracts
Samples: Operations and Maintenance Agreement (Sithe Independence Power Partners Lp), Operations and Maintenance Agreement; Restrictions on Change (Sithe Independence Power Partners Lp), Operations and Maintenance Agreement (Sithe Independence Funding Corp)
Duties and Obligations of the General Partner. (a) The General Partner shall take all actions which may be necessary or appropriate (i) for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of Delaware (and 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 its Business) the business in which it is engaged and (ii) for the achievement accomplishment of the Partnership's purposes purposes, including the acquisition, development, maintenance, preservation, and operation of Property in accordance with the provisions of this Agreement and Applicable Lawsapplicable laws and regulations.
Appears in 2 contracts
Samples: Cardinal-UniMark Investors, L.P., Cardinal-UniMark Investors, L.P.
Duties and Obligations of the General Partner. (a) The General Partner shall take all actions which action that may be necessary or appropriate (i) for the continuation of the Partnership's valid existence as a limited partnership under the laws of the State of Delaware Act (and the laws of each other jurisdiction in which such existence as a limited partnership is necessary to protect the limited liability of the Limited Partners Partner or to enable the Partnership to conduct its Business) and (ii) for the achievement of the Partnership's purposes business in accordance with the provisions of this Agreement and Applicable Lawswhich it is engaged).
Appears in 1 contract
Samples: Ambassador Apartments Inc
