Common use of Nature as Special Power Clause in Contracts

Nature as Special Power. The power of attorney granted pursuant to this Section 12: (a) is a special power of attorney coupled with an interest and is irrevocable; (b) may be exercised by any such attorney-in-fact by listing the Limited Partners executing any agreement, certificate, instrument, or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited Partners; and (c) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner and shall survive the delivery of an assignment by a Limited Partner of the whole or a portion of her interest in the Partnership, except that where the assignment is of such Limited Partner’s entire interest in the Partnership and the assignee, with the consent of the General Partners, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution.

Appears in 1 contract

Samples: Agreement of Limited Partnership (OHI Asset (CT) Lender, LLC)

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Nature as Special Power. The power of attorney granted pursuant to this Section 12: (a) a. is a special power of attorney coupled with an interest and is irrevocable; (b) b. may be exercised by any such attorney-in-fact by listing the Limited Partners Unit Holders executing any agreement, certificate, instrument, instrument or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited PartnersUnit Holders; and (c) c. shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner Unit Holder and shall survive the delivery of an assignment by a Limited Partner or Unit Holder of the whole or a portion of her his interest in the Partnership, except that where the assignment is of such Limited PartnerUnit Holder’s entire interest in the Partnership and the assignee, with the consent of the Managing General PartnersPartner, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Reef Oil & Gas Income & Development Fund III LP)

Nature as Special Power. The power of attorney granted pursuant to this Section 12Article XI: (a) is a special power of attorney coupled with an interest and is irrevocable; (b) may be exercised by any such attorney-in-fact by listing the Limited Partners executing any agreement, certificate, instrument, or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited Partners; and (c) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner and shall survive the delivery of an assignment by a Limited Partner of the whole or a portion of her interest his Interest in the Partnership, except that where the assignment is of such Limited Partner’s 's entire interest Interest in the Partnership and the assignee, with the consent of the General PartnersPartner, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect affect such substitution.. ARTICLE XII

Appears in 1 contract

Samples: Limited Partnership Agreement (Cardinal-UniMark Investors, L.P.)

Nature as Special Power. The power of attorney granted pursuant to this Section 12: (a) is a special power of attorney coupled with an interest and is irrevocable; (b) may be exercised by any such attorney-in-fact by listing the Limited Partners executing any agreement, certificate, instrument, or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited Partners; and (c) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner and shall survive the delivery of an assignment by a Limited Partner of the whole or a portion of her interest in the Partnership, except that where the assignment is of such Limited Partner’s 's entire interest in the Partnership and the assignee, with the consent of the General Partners, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution.

Appears in 1 contract

Samples: Limited Partnership Agreement (OHI Asset (CT) Lender, LLC)

Nature as Special Power. The power of attorney granted pursuant to this Section 12: (a) is a special power of attorney coupled with an interest and is irrevocable; (b) may be exercised by any such attorney-in-fact by listing the Limited Partners Unit Holders executing any agreement, certificate, instrument, instrument or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited PartnersUnit Holders; and (c) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner Unit Holder and shall survive the delivery of an assignment by a Limited Partner or Unit Holder of the whole or a portion of her his interest in the Partnership, except that where the assignment is of such Limited PartnerUnit Holder’s entire interest in the Partnership and the assignee, with the consent of the Managing General PartnersPartner, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution.

Appears in 1 contract

Samples: Limited Partnership Agreement (Universe Energy Partners, LP)

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Nature as Special Power. The power of attorney granted pursuant to this Section 12Article XI: (a) is a special power of attorney coupled with an interest and is irrevocable; (b) may be exercised by any such attorney-in-fact by listing the Limited Partners executing any agreement, certificate, instrument, or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited Partners; and (c) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner and shall survive the delivery of an assignment by a Limited Partner of the whole or a portion of her interest his Interest in the Partnership, except that where the assignment is of such Limited Partner’s 's entire interest Interest in the Partnership and the assignee, with the consent of the General PartnersPartner, is admitted as a substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect affect such substitution.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Cardinal-UniMark Investors, L.P.)

Nature as Special Power. The power of attorney granted pursuant to this Section 12Article XIV: (ai) is a special power of attorney coupled with an interest and is irrevocable; (bii) may be exercised by any such attorney-in-fact by listing the Limited Partners executing any agreement, certificate, instrument, or other document with the single signature of any such attorney-in-fact acting as attorney-in-fact for such Limited Partners; and (ciii) shall survive the death, disability, legal incapacity, bankruptcy, insolvency, dissolution, or cessation of existence of a Limited Partner and shall survive the delivery of an assignment by a Limited Partner of the whole or a portion of her his interest in the Partnership, except that where the assignment is of such Limited Partner’s entire interest in the Partnership and the assignee, with the consent of the General PartnersPartner, is admitted as a substituted Substituted Limited Partner, the power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution.

Appears in 1 contract

Samples: Limited Partnership Agreement (Premdor Finace LLC)

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