Purpose and Powers of Partnership Sample Clauses

Purpose and Powers of Partnership. A. The purposes of the Partnership shall be to acquire, purchase, own, hold for investment, operate, manage, develop, redevelop, invest in, finance, refinance, sell, lease and otherwise deal with commercial real properties (including multifamily residential real properties) and personal property and assets related thereto, and interests therein, whether directly or indirectly, alone or in association with others. The purposes of the Partnership include, but are not limited to:
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Purpose and Powers of Partnership. 5.1 The purposes of the Partnership shall be to acquire, hold, purchase, own, operate, manage, develop, redevelop, construct, improve, maintain, invest in, finance, refinance, sell, convey, exchange, transfer, encumber, lease and otherwise deal with the properties of the Partnership and other real and personal property; to exercise all of the powers of a general partner in the Financing Partnership and to acquire, own, sell, convey, exchange, dispose of and otherwise deal with partnership interests in the Financing Partnership; to undertake such other activities as may be necessary, advisable, desirable or convenient to the business of the Partnership, and to engage in such other ancillary activities as shall be necessary or desirable to effectuate the foregoing purposes. The Partnership shall have all powers necessary or desirable to accomplish the purposes enumerated. In connection with the foregoing, but subject to all of the terms, covenants, conditions and limitations contained in this Agreement and any other agreement entered into by the Partnership, the Partnership shall have full power and authority, directly or through its interests in the Financing Partnership, the
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Purpose and Powers of Partnership. 20 4.1 Purposes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 4.2 Compliance with REIT Requirements . . . . . . . . . . . . . . . . .21 Article 5. Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21 5.1 Dissolution . . . . . . . . . . . . . . . . . . . . . . . . . . . .21
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Purpose and Powers of Partnership. 5.1 The purposes of the Partnership shall be to acquire, hold, purchase, own, operate, manage, develop, redevelop, construct, improve, maintain, invest in, finance, refinance, sell, convey, exchange, transfer, encumber, lease and otherwise deal with the properties of the Partnership and other real and personal property; to exercise all of the powers of a general partner in the Financing Partnership and to acquire, own, sell, convey, exchange, dispose of and otherwise deal with partnership interests in the Financing Partnership; to undertake such other activities as may be necessary, advisable, desirable or convenient to the business of the Partnership, and to engage in such other ancillary activities as shall be necessary or desirable to effectuate the foregoing purposes. The Partnership shall have all powers necessary or desirable to accomplish the purposes enumerated. In connection with the foregoing, but subject to all of the terms, covenants, conditions and limitations contained in this Agreement and any other agreement entered into by the Partnership, the Partnership shall have full power and authority, directly or through its interests in the Financing Partnership, the Financing Corporation or any other partnership, subsidiary, limited liability company, other entity or joint venture, to enter into, perform and carry out contracts of any kind, to borrow money and to issue evidences of indebtedness, whether or not secured by mortgage, trust deed, pledge or other lien, and directly or indirectly to acquire and construct additional properties as necessary or useful in connection with its business.
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Purpose and Powers of Partnership 
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Related to Purpose and Powers of Partnership

  • Purpose and Powers of the Company The Company is organized for the purpose of carrying on any lawful activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all of the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company contemplated by this Agreement.

  • Purpose and Powers of the Trust The purpose of the common law trust, as created hereunder, is to engage in the following activities:

  • Purpose and Powers (a) The Company is organized for the purposes of undertaking such activities as determined by the Board and, subject to the terms and conditions herein and of the Delaware Act, the Members, which are permitted by applicable law and engaging in activities incidental or ancillary thereto. Notwithstanding the forgoing, the Company has been organized to form a subsidiary which will acquire the artwork as identified on Schedule 1 (the “Painting”) and undertake certain actions with respect thereto.

  • Formation Term Purpose and Powers Section 2.01.

  • Purposes and Powers of the Trust The purpose of the trust, as created hereunder, is to engage in the following activities:

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Rights And Powers Of Trustee With respect to Subject Shares where the Purchaser is the Beneficial Owner, the Trustee shall, in person or by nominees, agents, attorneys-in-fact, or proxies, have the right and the obligation to exercise its discretion with respect to all Voting Matters requiring holders of VMTP Shares to vote or consent with respect to and including voting or consenting to any corporate or shareholder action of any kind whatsoever, subject to the terms of this Agreement. The Trustee shall be obligated to vote any Voting Matter in accordance with the provisions of this Agreement.

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

  • Organization, Qualification and Power The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all requisite corporate power and authority, and all governmental licenses, governmental authorizations, governmental consents and governmental approvals, required to carry on its business as now conducted and to own, lease and operate the assets and properties of the Company as now owned, leased and operated. The Company is duly qualified or licensed to do business as a foreign corporation and is in good standing in every jurisdiction in which the character or location of its properties and assets owned, leased or operated by the Company or the nature of the business conducted by the Company requires such qualification or licensing, except where the failure to be so qualified, licensed or in good standing in such other jurisdiction could not, individually or in the aggregate, have a Material Adverse Effect (as defined herein) on the Company. The Company has heretofore delivered to the Investors complete and accurate copies of its Articles of Incorporation and Bylaws, as currently in effect. The Company has previously delivered to the Investors a complete and accurate list of all jurisdictions in which the Company is qualified or licensed to do business as of the date hereof.

  • Purposes and Powers The purpose of the Trust is to engage in the following activities:

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