Common use of Management of Partnership Business Clause in Contracts

Management of Partnership Business. The business and affairs of the Partnership shall be managed by the General Partner who shall devote such of its time and services as the General Partner in its absolute discretion deems necessary. To the extent permitted by the applicable law of the State of Maryland, the General Partner shall possess and enjoy all the rights and powers of partners in a partnership without limited partners. Each of the partners hereby agrees that any Partner may engage in and/or possess an interest in other business ventures of every nature and description, independently or with others, including, but not limited to, the ownership, financing, leasing, operation, management and development of real property. The General Partner shall be reimbursed by the Partnership for all expenses incurred by it in connection with the business of the Partnership.

Management of Partnership Business. The business and affairs of the Partnership shall be managed by the General Partner partner who shall devote such of its time and services as the General Partner in its absolute discretion deems necessary. To the extent permitted by the applicable law of the State of Maryland, the General Partner shall possess and enjoy all the rights and powers of partners in a partnership without limited partners. Each of the partners Partners hereby agrees that any Partner may engage in and/or possess an interest in other business ventures of every nature and description, independently or with others, including, but not limited to, the ownership, financing, leasing, operation, management and development of real property. The General Partner shall be reimbursed by the Partnership partnership for all expenses incurred by it in connection with the business of the Partnership.

Management of Partnership Business. The business and affairs of the Partnership shall be managed by the General Partner who shall devote such of its time and services as the General Partner in its absolute discretion deems necessary. To the extent permitted by the applicable law of the State of Maryland, the General Partner shall possess and enjoy all the rights and powers of partners in a partnership without limited partners. Each of the partners Partners hereby agrees that any Partner may engage in and/or possess an interest in other business ventures of every nature and description, independently or with others, including, but not limited to, the ownership, financing, leasing, operation, management and development of real property. The General Partner shall be reimbursed by the Partnership for all expenses incurred by it in connection with the business of the Partnership.

Management of Partnership Business. The business and affairs of the Partnership shall be managed by the General Partner who shall devote such of its time and services as the General Partner in its absolute discretion deems necessary. To the extent permitted by the applicable law of the State of Maryland, the General Partner shall possess and enjoy all the rights and powers of partners in a partnership without limited partners. Each of the partners Partners hereby agrees that any Partner may engage in and/or possess an interest in other business ventures of every nature and description, independently or with others, including, but not limited to, the ownership, financing, leasing, operation, management and development of real property. The General Partner shall be reimbursed by the Partnership for all expenses incurred by it in connection with the business of the Partnership.real