Partner Covenants. Each Partner covenants and agrees with the Partnership and with the other Partners as follows: (i) It shall not exercise, or purport or attempt to exercise, its authority to withdraw, retire, resign, or assert that it has been expelled from the Partnership; (ii) It shall not do any act that would make it impossible or impracticable to carry on the Partnership's business; and (iii) It shall not act or purport or attempt to act in a manner inconsistent with any act of a General Partner acting pursuant to the Partnership Governance Committee or in a manner contrary to the agreements of the Partners set forth in this Agreement; provided, that, nothing in this Section 9.5 shall be deemed to waive its rights under Sections 10, 11 or 12.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Lyondell Petrochemical Co), Limited Partnership Agreement (Lyondell Chemical Co)
Partner Covenants. Each Partner covenants and agrees with the Partnership and with the other Partners as follows:
(i) It shall not exercise, or purport or attempt to exercise, its authority to withdraw, retire, resign, or assert that it has been expelled from the Partnership;
(ii) It shall not do any act that would make it impossible or impracticable to carry on the Partnership's ’s business; and
(iii) It shall not act or purport or attempt to act in a manner inconsistent with any act of a General Partner acting pursuant to the Partnership Governance Committee Action or in a manner contrary to the agreements of the Partners set forth in this Agreement; provided, that, nothing in this Section 9.5 shall be deemed to waive its rights under Sections 10, 11 or 12.
Appears in 5 contracts
Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Millennium Chemicals Inc)
Partner Covenants. Each Partner covenants and agrees with the ----------------- Partnership and with the other Partners as follows:
(i) It shall not exercise, or purport or attempt to exercise, its authority to withdraw, retire, resign, or assert that it has been expelled from the Partnership;
(ii) It shall not do any act that would make it impossible or impracticable to carry on the Partnership's business; and
(iii) It shall not act or purport or attempt to act in a manner inconsistent with any act of a General Partner acting pursuant to the Partnership Governance Committee or in a manner contrary to the agreements of the Partners set forth in this Agreement; provided, that, nothing in this Section 9.5 shall be deemed to waive its rights -------- ---- ----------- under Sections 10, 11 or 12.. ---------------------
Appears in 3 contracts
Samples: Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Equistar Funding Corp), Limited Partnership Agreement (Equistar Chemicals Lp)
Partner Covenants. Each Partner covenants and agrees with the Partnership and with the other Partners as follows:
(i) It shall not exercise, or purport or attempt to exercise, its authority to withdraw, retire, resign, or assert that it has been expelled from the Partnership;
(ii) It shall not do any act that would make it impossible or impracticable to carry on the Partnership's business; and
(iii) It shall not act or purport or attempt to act in a manner inconsistent with any act of a the General Partner or Geon LP acting pursuant to the Partnership Governance Committee or in a manner contrary to the agreements of the Partners set forth in this Agreement; providedPROVIDED, thatTHAT, nothing in this Section 9.5 shall be deemed to waive its rights under Sections 10, 11 or 12.
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