Common use of Management of the Partnership Clause in Contracts

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the management and control of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all the rights and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership.

Appears in 8 contracts

Samples: Limited Partnership Agreement (PSI Summit Hospital, Inc.), Limited Partnership Agreement (Psychiatric Solutions Inc), Limited Partnership Agreement (Texas San Macros Treatment Center Lp)

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Management of the Partnership. The Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and complete charge of all affairs and control the business of the Partnership for the purposes herein stated, and of shall make all decisions affecting the management business and control assets of the Partnership, subject only . Subject to the limitations restrictions specifically contained in this Agreement. The , the powers of the General Partner shall have all include, without limitation, the rights and powers that may be possessed by a general partner under authority to take the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs following actions on behalf of the Partnership.:

Appears in 5 contracts

Samples: Limited Partnership Agreement (CatchMark Timber Trust, Inc.), Limited Partnership Agreement (Hines Global Reit Ii, Inc.), Limited Partnership Agreement (Pebblebrook Hotel Trust)

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of discretion in the management and control of the Partnership, subject only . The General Partner agrees to manage and control the affairs of the Partnership to the limitations best of his ability and to conduct the operations contemplated under this Agreement in this Agreementa careful and prudent manner and in accordance with good industry practice. The General Partner shall have all the rights and powers that may only be possessed by a general partner under the Limited Partnership Act and required to devote such rights and powers part of his time as are otherwise conferred by law or it deems necessary, advisable or convenient in managing is reasonably needed to manage the business and affairs of the Partnership, it being understood that the General Partner shall not be required to devote his time exclusively to the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

Management of the Partnership. The Except to the extent that the consent of the Limited Partner is specifically required by this Limited Partnership Agreement, the General Partner shall have full, complete, and exclusive discretion to manage and complete charge control the business of the Partnership, shall make all affairs and decisions affecting the business of the Partnership and of shall use its best efforts to carry out the management and control purpose of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all devote to the rights and powers that may Partnership business such time as shall reasonably be possessed by a general partner under required for the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnershipconduct thereof.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Gavella Corp), Limited Partnership Agreement (Bartram Holdings Inc)

Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the overall management and control of the Partnership, subject only to business and affairs of the limitations Partnership shall be vested exclusively in this Agreementthe General Partner. The General Partner shall have full and complete charge of all the rights affairs and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership, in all respects and in all matters. Except as may be expressly provided in this Agreement or required by law, the Limited Partner shall have no right to vote on or consent to any matter, act, decisions or document involving the Partnership or its business.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sabra Phoenix TRS Venture, LLC), Limited Partnership Agreement (Sabra Phoenix TRS Venture, LLC)

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Management of the Partnership. The General Partner shall have full, exclusive and complete charge of all affairs and business of the Partnership and of the management and control of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all the rights and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (PSI Summit Hospital, Inc.), Limited Partnership Agreement (PSI Summit Hospital, Inc.)

Management of the Partnership. The General Partner shall shall, subject to the limitations hereinafter set forth, have full, complete and exclusive discretion and complete charge of all affairs and business of the Partnership and of the management authority to manage and control of the Partnership, subject only to the limitations in this Agreement. The General Partner shall have all the rights and powers that may be possessed by a general partner under the Limited Partnership Act and such rights and powers as are otherwise conferred by law or it deems necessary, advisable or convenient in managing the business and affairs of the Partnership.Partnership for the purpose herein stated. In so doing the General Partner shall take all actions reasonably necessary and appropriate to conduct the business and affairs of the Partnership as a reasonable, prudent businessman would conduct his own

Appears in 1 contract

Samples: Limited Partnership Agreement (Inco Homes Corp)

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