Proscriptions. The General Partner shall not have the authority to: (a) Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 10 contracts
Samples: Agreement of Limited Partnership (Brookfield Property REIT Inc.), Limited Partnership Agreement (Brookfield Property REIT Inc.), Merger Agreement (Brookfield Property Partners L.P.)
Proscriptions. The General Partner shall not have the authority to:
(a) Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership;
(b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Essex Portfolio Lp), Limited Partnership Agreement (Essex Portfolio Lp), Limited Partnership Agreement (Essex Property Trust Inc)
Proscriptions. The General Partner shall not have the authority to:
(a) Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership;
(b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such third Third Person shall be fully protected in relying upon such authority.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Keystone Property Trust), Limited Partnership Agreement (American Real Estate Investment Corp), Limited Partnership Agreement (American Real Estate Investment Corp)
Proscriptions. The General Partner shall not have the authority to:
(a) Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the PartnershipAgreement;
(b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 2 contracts
Samples: Partnership Agreements (American Land Lease Inc), Partnership Agreement (Considine Terry)
Proscriptions. The General Partner shall not have the authority toauthority:
(a) Do to do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership;
(b) Possess to possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) Do to do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm Entity doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 1 contract
Proscriptions. The Except as otherwise expressly authorized herein, the General Partner shall not have the authority to:
(a) Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership;
(b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 1 contract
Samples: Limited Partnership Agreement (CBL & Associates Properties Inc)
Proscriptions. The General Partner shall not have the authority to:
(a) : Do any act in contravention of this Agreement or which would make it impossible to carry on the ordinary business of the Partnership;
(b) ; Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or
(c) or Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.
Appears in 1 contract
Samples: Agreement of Limited Partnership (General Growth Properties Inc)