Common use of Management and Control of the Limited Partnership Clause in Contracts

Management and Control of the Limited Partnership. A. The General Partner, within the authority granted to it under and in accordance with the provisions of this Agreement, shall have the full and exclusive right to manage and control the business and affairs of the Limited Partnership and to make all decisions regarding the business of the Limited Partnership and shall have all of the rights, powers and obligations of a general partner of a limited partnership under the laws of the State. B. Neither the Depositary or any Unit Holder, as such, shall participate in the management of or have any control over the Limited Partnership's business nor shall the Depositary or any Unit Holder, as such, have the power to represent, act for, sign for or bind the General Partner or the Limited Partnership. The Depositary and the Unit Holders hereby consent to the exercise by the General Partner of the powers conferred on it by this Agreement.