General Partner’s Rights Sample Clauses

General Partner’s Rights. The rights of the General Partner, in its capacity as the holder of the Series E Preferred Units, are in addition to and not in limitation of any other rights or authority of the General Partner in any other capacity under the Limited Partnership Agreement or applicable law. In addition, nothing contained in this Exhibit 7 shall be deemed to limit or otherwise restrict the authority of the General Partner under the Limited Partnership Agreement, other than in its capacity as the holder of the Series E Preferred Units.
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General Partner’s Rights. In the circumstances referred to in clause 13.1, the Defaulting Partner will have no right, unless the General Partner otherwise determines, to vote at any meeting of the Limited Partnership. In addition, without limiting any other powers or remedies of the Limited Partnership or the General Partner, the General Partner will have the right (on behalf of the Limited Partnership) to exercise all or any of the following powers or remedies as concerns the Defaulting Partner:
General Partner’s Rights. In the event of an election by Alderon as set out in Section 3.15, the rights and obligations of the General Partner as the general partner of the Partnership shall be unaffected by such conversion by Alderon.

Related to General Partner’s Rights

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

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