Management Duties, Authority and Powers. Except as expressly limited by or otherwise provided in the provisions of this Agreement (including, without limitation, Section 6.4), Managing Partner shall have the right and duty to manage the day-to-day Business of the Partnership and to implement all decisions made on behalf of the Partnership, Fee Owner or affecting the Properties by the Partners (as applicable), all in accordance with the terms hereof and such other rights and powers as are granted to Managing Partner hereunder. In connection therewith, Managing Partner shall have the sole right, power, and authority, at such times as Managing Partner shall determine, without additional consultation, authorization, consent, or ratification of any Partner, to do all such lawful acts and things as are not, by the Act or this Agreement, directed or required to be exercised or done with the consent and approval of the Partners, or which are not herein or hereafter expressly reserved to all of the Partners including, without limitation, the right, power and authority, subject to Section 6.4, to permit or cause the Partnership to do any of the following:
Appears in 4 contracts
Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)
