Common use of Nature as Special Power Clause in Contracts

Nature as Special Power. The power of attorney granted pursuant to this Section 5.5: (i) is a special power of attorney coupled with an interest and is irrevocable; (ii) may be exercised by any such attorney-in-fact by listing the 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 Partners; and (iii) shall survive the subsequent Bankruptcy, insolvency, dissolution, or cessation of existence of a Partner and shall survive the delivery of an assignment by a Partner of the whole or a portion of its Interest (except that where the assignment is of such Partner’s entire Interest and the assignee, with the required consent of the Partners, is admitted as a substituted 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 2 contracts

Samples: Limited Partnership Agreement (Hospital of Fulton, Inc.), Limited Partnership Agreement (Winder HMA, LLC)

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Nature as Special Power. The power of attorney granted pursuant to this Section 5.5: Article XIII: (ia) is a special power of attorney coupled with an interest and is irrevocable; ; (iib) 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 all such Limited Partners; and and (iiic) shall survive the subsequent 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 its Interest (in the Partnership, except that where the assignment is of such Limited Partner’s entire Interest interest in the Partnership and the assignee, with the required consent of the PartnersGeneral Partner, 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 (Advanced Prosthetics of America, Inc.)

Nature as Special Power. The power of attorney granted pursuant to this Section 5.513: (ia) is Is a special power of attorney coupled with an interest and is irrevocable; (iib) may May be exercised by any such attorney-in-fact by listing the 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 Partners; and (iiic) shall Shall survive the subsequent Bankruptcy, insolvency, dissolution, or cessation of existence of a Partner and shall survive the delivery of an assignment by a Partner of the whole or a portion of its Interest (Interest, except that where the assignment is of such Partner’s 's entire Interest and the assignee, with the required consent of the PartnersGeneral Partner, is admitted as a substituted 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 (Pepco Holdings Inc)

Nature as Special Power. The power of attorney granted pursuant to this Section 5.5: Article XIII: (ia) is Is a special power of attorney coupled with an interest and is irrevocable; ; (iib) may May be exercised by any such attorney-in-fact by listing the Partners Partner(s) 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 PartnersPartner(s); and and (iiic) shall Shall survive the subsequent Bankruptcy, insolvency, dissolution, or cessation of existence of a Partner and shall survive the delivery of an assignment by a Partner of the whole or a portion of its Interest (Interest, except that where the assignment is of such Partner’s 's entire Interest and the assignee, with the required consent of the PartnersGeneral Partner, is admitted admired as a substituted 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 (Pepco Holdings Inc)

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Nature as Special Power. The power of attorney granted pursuant to this Section 5.5: Article XII: (ia) is Is a special power of attorney coupled with an interest and is irrevocable; ; (iib) may May be exercised by any such attorney-in-fact by listing the 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 Partners; and and (iiic) shall Shall survive the subsequent Bankruptcybankruptcy, insolvency, dissolution, or cessation of existence of a Partner and shall survive the delivery of an assignment by a Partner of the whole or a portion of its Interest (except that where the assignment is of such Partner’s entire Interest and the assignee, with the required consent of the PartnersPartner, is admitted as a substituted 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 (Marietta Surgical Center, Inc.)

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