Common use of Partnership Contracts Clause in Contracts

Partnership Contracts. All contracts undertaken by the Partnership shall be executed by the General Partner and in such contracts the Partnership shall be identified as a limited partnership. The Partners shall promptly execute (with acknowledgment, if required) at the request of the General Partner, any and all instruments necessary or appropriate to ratify or confirm the authority of the General Partner hereunder.

Partnership Contracts. All contracts undertaken by the Partnership shall be executed by the General Partner and in such contracts the Partnership shall be identified as a limited partnershipor its designated agent. The Partners shall promptly execute (with acknowledgment, if required) at the request of the General Partner, any and all instruments necessary or appropriate to ratify or confirm the authority of the General Partner hereunderunder this Agreement; provided, however, nothing in this paragraph shall require the General Partner to seek the Limited Partners’ approval of any such contract.