Common use of Management and Control Clause in Contracts

Management and Control. The General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act. Except as otherwise provided in the Act, the General Partner shall make all decisions with respect to the business and affairs of the Partnership, and the Limited Partner shall have no right to participate in the management of the Partnership.

Appears in 15 contracts

Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)

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Management and Control. The General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act. Except as otherwise required under the Act or as provided in the Actherein, the General Partner shall make all decisions with respect to the business and affairs of the Partnership, and the Limited Partner shall have no right to participate in the management of the Partnership.

Appears in 9 contracts

Samples: Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa)

Management and Control. The General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act. Except as otherwise provided in the Act, the General Partner shall make all decisions with respect to the business and affairs of the Partnership, and the Limited Partner Partners shall have no right to participate in the management of the Partnership.

Appears in 7 contracts

Samples: Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa)

Management and Control. The management and conduct of the Partnership and its business shall be controlled exclusively by the General Partner in accordance with the terms of this Agreement. The General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act. Except as otherwise provided in pursuant to the Act, and such rights and powers as are otherwise conferred by this Agreement or by law or which are necessary, advisable or appropriate to the General Partner shall make all decisions with respect to management of the business and affairs and accomplishment of the business purpose of the Partnership. Neither the General Partner nor any of its Affiliates shall be entitled to any compensation, and other than reimbursement for expenses, from the Limited Partner shall have no right Partnership for services rendered to participate in the management of the PartnershipPartnership other than its Interest.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Synagro Technologies Inc), Limited Partnership Agreement (Synagro Technologies Inc), Limited Partnership Agreement (Synagro Technologies Inc)

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Management and Control. The General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act, and such rights and powers as are otherwise conferred by law and are necessary, advisable or convenient to the discharge of its duties under this Agreement and to the management of the operations and affairs of the Partnership. The act of the General Partner in carrying on the business of the Partnership will bind the Partnership. Except as otherwise required under the Act or as provided in the Actherein, the General Partner shall make all decisions with respect to the business and affairs of the Partnership, and the Limited Partner shall have no right to participate in the management of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Gaming & Leisure Properties, Inc.)

Management and Control. The Subject to Article 5 hereof, the General Partner shall manage and control the business and affairs of the Partnership and shall have all of the rights and powers which may be possessed by a general partner under the Act. Except as otherwise provided in the ActAct and without limiting Article 5 hereof, the General Partner shall make all decisions with respect to the business and affairs of the Partnership, and the Limited Partner shall have no right to participate in the management of the Partnership.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa)

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