Common use of Limitations on General Partner’s Authority Clause in Contracts

Limitations on General Partner’s Authority. Notwithstanding the grant of authority to the General Partner pursuant to Section 3.1, none of the following actions shall be approved by the General Partner or any officer of the Partnership, without first having obtained the prior written consent of the Limited Partner, pursuant to the terms of the Operating Agreement of the Limited Partner thereof:

Appears in 2 contracts

Samples: National Tobacco Co Lp, National Tobacco Co Lp

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Limitations on General Partner’s Authority. Notwithstanding the grant of authority to the General Partner pursuant to Section 3.1, none of the following actions shall be approved by the General Partner or any officer of the Partnership, without first having obtained the prior written consent of the Limited Partner, pursuant to the terms of the Operating Agreement of the Limited Partner thereof:

Appears in 1 contract

Samples: North Atlantic Trading Co Inc

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Limitations on General Partner’s Authority. Notwithstanding any other provision of this Agreement to the grant of authority to contrary, the General Partner pursuant shall not have the authority to Section 3.1, none do any of the following actions shall be approved by without the General Partner or any officer of the Partnership, without first having obtained the prior written consent of the Limited Partner, pursuant to the terms of the Operating Agreement of Partners (which may be granted or withheld in the Limited Partner thereof:Partners' reasonable discretion):

Appears in 1 contract

Samples: Limited Partnership Agreement (Homes for America Holdings Inc)

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