Common use of Nature of Special Power Clause in Contracts

Nature of Special Power. The foregoing grant of authority: (a) is a special Power of Attorney coupled with an interest, is irrevocable, and shall survive the death of the undersigned; (b) shall survive the delivery of any assignment by the undersigned of the whole or any portion of his Units; except that where the assignee thereof has been approved by the Managing General Partner for admission to the Partnership as a substitute general or limited Partner as the case may be, the Power of Attorney shall survive the delivery of such assignment for the sole purpose of enabling said attorney-in-fact to execute, acknowledge, and file any instrument necessary to effect such substitution; and (c) may be exercised by said attorney-in-fact with full power of substitution and resubstitution and may be exercised by a listing of all of the Partners executing any instrument with a single signature of said attorney-in-fact.

Nature of Special Power. The foregoing grant of authority: (a) is a special Power of Attorney coupled with an interest, is irrevocable, and shall survive the death of the undersigned; (b) shall survive the delivery of any assignment by the undersigned of the whole or any portion of his Units; except that where the assignee thereof has been approved by the Managing General Partner for admission to the Partnership as a substitute general or limited Partner as the case may be, the Power of Attorney shall survive the delivery of such assignment for the sole purpose of enabling said attorney-in-fact to execute, acknowledge, and file any instrument necessary to effect such substitution; and (c) may be exercised by said attorney-in-fact with full power of substitution and resubstitution and may be exercised by a listing of all alI of the Partners executing any instrument with a single signature of said attorney-in-fact.

Nature of Special Power. The foregoing grant of authority: (a) is a special Power of Attorney coupled with an interest, is irrevocable, and shall survive the death of the undersigned; (b) shall survive the delivery of any assignment by the undersigned of the whole or any portion of his Units; except that where the assignee thereof has been approved by the Managing General Partner Xxxxxx for admission to the Partnership as a substitute general or limited Partner as the case may be, the Power of Attorney shall survive the delivery of such assignment for the sole purpose of enabling said attorney-in-fact to execute, acknowledge, and file any instrument necessary to effect such substitution; and (c) may be exercised by said attorney-in-fact with full power of substitution and resubstitution and may be exercised by a listing of all of the Partners executing any instrument with a single signature of said attorney-in-fact.