Limitations on Powers and Authorities of Partners. Notwithstanding the powers of the General Partner set forth in Section 9.1, the General Partner shall have no right or power to do any of the following: A. Do any act in contravention of this Agreement, or any amendment hereto; B. Do any act which would make it impossible to carry on the ordinary business of the Partnership, except to the extent that such act is specifically permitted by the terms hereof; C. Possess Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or D. Do any act in contravention of applicable law.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Bradley Operating L P), Limited Partnership Agreement (Heritage Property Investment Trust Inc), Limited Partnership Agreement (Bradley Operating L P)
Limitations on Powers and Authorities of Partners. Notwithstanding the powers of the General Partner set forth in Section 9.19.1 above, the General Partner shall have no right or power to do any of the following:
A. Do any act in contravention of this Agreement, or any amendment hereto;
B. Do any act which would make it impossible to carry on the ordinary business of the Partnership, except to the extent that such act is specifically permitted by the terms hereof;
C. Possess Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
D. Do any act in contravention of applicable law.
Appears in 1 contract
Samples: Limited Partnership Agreement (Bradley Real Estate Inc)
Limitations on Powers and Authorities of Partners. Notwithstanding the powers of the General Partner set forth in Section 9.18.1 hereof, the General Partner shall have no right or power to do any of the following:
A. Do do any act in contravention of this Agreement, or any amendment hereto;
B. Do do any act which would make it impossible to carry on the ordinary business of the Partnership, except to the extent that such act is specifically permitted by the terms hereof;
C. Possess possess Partnership property or assign rights in specific Partnership property for other than Partnership purposes, except as otherwise provided in this Agreement; or
D. Do do any act in contravention of applicable law.
Appears in 1 contract
Samples: Limited Partnership Agreement (Inland Retail Real Estate Trust Inc)
