Common use of Powers of General Partner Clause in Contracts

Powers of General Partner. Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be exclusively vested in the General Partner, and no Limited Partner shall have any power to control or manage the business and affairs of the Partnership. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provisions of this Agreement, the General Partner is hereby authorized and empowered, in the name of and on behalf of the Partnership, to do and perform any and all acts and things which it deems appropriate or necessary in the conduct of the business and affairs of the Partnership, including, without limitation, the following:

Appears in 12 contracts

Samples: Agreement (Buckeye Partners, L.P.), Agreement and Plan of Merger (Buckeye GP Holdings L.P.), Agreement

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Powers of General Partner. Except as otherwise expressly provided in this Agreement, all management powers to control and manage over the business and affairs of the Partnership shall be are exclusively vested in the General Partner, and no Limited Partner shall have any power right to participate in or exercise control or manage management power over the business and affairs of the Partnership. Notwithstanding anything to the contrary in this Agreement, the General Partner may not be removed by the Limited Partners with or without cause. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provisions provision of this Agreement, the General Partner is hereby authorized shall have full power and empowered, in authority to do all things deemed necessary or desirable by it to conduct the name of and on behalf business of the Partnership, to do exercise all powers set forth in Section 3.2 hereof and perform any and all acts and things which it deems appropriate or necessary to effectuate the purposes set forth in the conduct of the business and affairs of the PartnershipSection 3.1 hereof, including, without limitation, the following:

Appears in 6 contracts

Samples: Agreement (Regency Realty Corp), Regency Centers Lp, Regency Centers Corp

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Powers of General Partner. Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be exclusively vested in the General Partner, and no the Limited Partner shall not have any power to control or manage the business and affairs of the Partnership. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provisions of this Agreement, the General Partner is hereby authorized and empowered, in the name of and on behalf of the Partnership, to do and perform any and all acts and things which it deems appropriate or necessary in the conduct of the business and affairs of the Partnership, including, without limitation, the following:

Appears in 3 contracts

Samples: Agreement (Buckeye GP Holdings L.P.), Agreement (Buckeye Partners L P), Buckeye Partners L P

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