Common use of General Partner’s Authority Clause in Contracts

General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership and interests in the Partnership. (b) Maintenance of all necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership. (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made. (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.

Appears in 1 contract

Samples: Partnership Agreement (Quinlan Jim Chevrolet Co)

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General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership Partnership’s business and interests in the Partnership. (b) Maintenance of all necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership. (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made. (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Barnett Shale Operating LLC)

General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership and interests interest in the Partnership. (b) Maintenance of all necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership. (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made. (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership, contracts, agreements, and other documents. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or of service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.,

Appears in 1 contract

Samples: Limited Partnership Agreement (Tandy Holdings, Inc.)

General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership Partnership’s business and interests in the Partnership. (b) Maintenance of all ail necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership. (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made. (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Barnett Shale Operating LLC)

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General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership and interests interest in the Partnership. (b) Maintenance of all necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership., (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made. (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership, contracts, agreements, and other documents. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or of service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tandy Holdings, Inc.)

General Partner’s Authority. Subject to any limitations expressly set forth in this Agreement, the General Partner is expressly authorized to perform any of the following acts on behalf of the Partnership: (a) Any and all acts necessary or appropriate to the acquisition and management of the Partnership and interests interest in the Partnership. (b) Maintenance of all necessary Partnership books and records. (c) Commencement of litigation or defense of litigation, including settlement of any litigation, involving the Partnership. (d) Establishment of bank accounts in which all Partnership funds shall be deposited and from which payments shall be made., (e) Procuring and maintaining insurance with responsible companies as may be available in such amounts and covering such risks as are deemed appropriate by the General Partner. (f) Taking and holding all real, personal, and mixed property of the Partnership in the name of the Partnership, contracts, agreements, and other documents. (g) Executing and delivering, on behalf of and in the name of the Partnership, contracts, agreements, and other documents. (h) Coordinating all accounting and clerical functions of the Partnership and employing accountants, lawyers, engineers and other management or of service personnel as may from time to time be required to carry on the business of the Partnership. (i) Filing tax returns and making elections on behalf of the Partnership as provided under the Code. (j) Establishing and maintaining the capital accounts of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tandy Holdings, Inc.)

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