Common use of No Approval Required for Above Powers Clause in Contracts

No Approval Required for Above Powers. Each of the Limited Partners agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.1), the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ps Business Parks Inc/Ca), Limited Partnership Agreement (Public Storage Properties Xi Inc), Limited Partnership Agreement (Public Storage Properties Xi Inc)

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No Approval Required for Above Powers. Each Except as expressly provided in this Agreement, each of the Limited Partners agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.1)Agreement, the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Baron Capital Trust), Limited Partnership Agreement (Baron Capital Trust)

No Approval Required for Above Powers. Each of the Limited Partners agrees that the General Partner is authorized to execute, deliver deliver, perform and perform take the above-mentioned agreements agreements, transactions and transactions actions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement Partners (except as otherwise specifically provided in paragraph (a)(3) where the consent of Section 7.1one or more Limited Partners is expressly required by this Agreement), the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement agreement, transaction or action authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 2 contracts

Samples: Limited Partnership Agreement (CRT Properties Inc), Agreement of Limited Partnership (Koger Equity Inc)

No Approval Required for Above Powers. Each of the Limited Partners agrees that either the General Partner is or the Special General Partner arc authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.17.3 and except where Limited Partner Consent is expressly required herein), the Act or any applicable law, rule role or regulation. The execution, delivery or performance by the General Partner, the Special General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner or by the Special General Partner of any duty that the General Partner or the Special General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Limited Partnership Agreement (United Dominion Realty Trust Inc)

No Approval Required for Above Powers. Each of the The Limited Partners agrees agree that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.1)Agreement, the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Hub Group Inc)

No Approval Required for Above Powers. Each of the The Limited Partners Partner agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.1)Agreement, the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners Partner or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Partnership Agreement (Hub Group Inc)

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No Approval Required for Above Powers. Each of the Limited Partners agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement Partners (except as otherwise specifically expressly provided in paragraph (a)(3) of Section 7.1herein), the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Limited Partnership Agreement (Rodamco North America N V)

No Approval Required for Above Powers. Each of the Limited Partners agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) of Section 7.17.3 and except where Limited Partner Consent is expressly required herein), the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Limited Partnership Agreement (Security Capital Atlantic Inc)

No Approval Required for Above Powers. Each of the Limited Partners agrees that the General Partner is authorized to execute, deliver and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners, notwithstanding any other provision of this Agreement (except as otherwise specifically provided in paragraph (a)(3) where Consent of Section 7.1the Limited Partners is expressly required herein), the Act or any applicable law, rule or regulation. The execution, delivery or performance by the General Partner or the Partnership of any agreement authorized or permitted under this Agreement shall not constitute a breach by the General Partner of any duty that the General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement or of any duty stated or implied by law or equity.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Prologis)

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