Common use of Officers of the Partnership Clause in Contracts

Officers of the Partnership. The Partnership may have such officers as may be designated by the Management Committee from time to time. Such officers shall (a) serve at the pleasure of the Management Committee, (b) subject to Section 6.2 and to the instructions and directions of the Management Committee, have such powers as are usually exercised by comparable designated officers of a Delaware corporation and (c) have the power to bind the Partnership through the exercise of such powers to the extent consistent with the terms hereof. The initial officers of the Partnership shall be those persons listed on Schedule 6.3 attached hereto and incorporated herein by reference. Following the execution hereof, officers shall be appointed or removed only by action of the Management Committee in accordance with the provisions of Section 6.1.

Officers of the Partnership. The Partnership may have such officers as may be designated by the Management Committee from time to time. Such officers shall (a) serve at the pleasure of the Management Committee, (b) subject to Section 6.2 6.3 and to the instructions and directions of the Management Committee, have such powers as are usually exercised by comparable designated officers of a Delaware corporation and (c) have the power to bind the Partnership through the exercise of such powers to the extent consistent with the terms hereof. The initial officers of the Partnership shall be those persons listed on Schedule 6.3 attached hereto and incorporated herein by reference. Following the execution hereof, officers shall be appointed or removed only by action of the Management Committee in accordance with the provisions of Section 6.1.