Common use of Power and Authority of General Partner Clause in Contracts

Power and Authority of General Partner. Except as provided in Section 6.2 and elsewhere in this Agreement and except as otherwise provided by applicable law, the General Partner shall have full and exclusive power and authority on behalf of the Partnership to manage, control, administer and operate the properties, business and affairs of the Partnership in accordance with this Agreement and to do or cause to be done any and all acts deemed by the General Partner to be necessary or appropriate thereto.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Georesources Inc), Limited Partnership Agreement (BreitBurn Energy Partners L.P.), Limited Partnership Agreement (Magnum Hunter Resources Inc)

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Power and Authority of General Partner. Except as provided in Section SECTIONS 6.2 and elsewhere in this Agreement and except as otherwise provided by applicable law, the General Partner shall have full and exclusive power and authority on behalf of the Partnership to manage, control, administer and operate the properties, business and affairs of the Partnership in accordance with this Agreement and to do or cause to be done any and all acts deemed by the General Partner to be necessary or appropriate thereto, and (except as aforesaid in this SECTION 6.1) the scope of such power and authority shall encompass all matters in any way connected with such business or incident thereto.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Texoil Inc /Nv/), Limited Partnership Agreement (Santa Fe Energy Trust)

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Power and Authority of General Partner. Except as provided in Section Sections 6.2 and elsewhere in this Agreement and except as otherwise provided by applicable law, the General Partner shall have full and exclusive power and authority on behalf of the Partnership to manage, control, administer and operate the properties, business and affairs of the Partnership in accordance with this Agreement and to do or cause to be done any and all acts deemed by the General Partner to be necessary or appropriate thereto, and (except as aforesaid in this Section 6.1) the scope of such power and authority shall encompass all matters in any way connected with such business or incident thereto.

Appears in 1 contract

Samples: Limited Partnership Agreement (Encap Investments L C)

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