Common use of RELIANCE ON ACT OF GENERAL PARTNER Clause in Contracts

RELIANCE ON ACT OF GENERAL PARTNER. No financial institution or any other person, firm or corporation dealing with the General Partner or the Partnership shall be required to ascertain whether the General Partner is acting in accordance with this Agreement, but such financial institution or such other person, firm or corporation shall be protected in relying solely upon the assurance of and the execution of any instrument or instruments by the General Partner.

Appears in 30 contracts

Samples: Agreement of Limited Partnership (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Prime, Inc.)

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RELIANCE ON ACT OF GENERAL PARTNER. No financial institution or any other personPerson, firm or corporation dealing with the General Partner or the Partnership shall be required to ascertain whether the General Partner is acting in accordance with this Agreement, but such financial institution or such other personPerson, firm or corporation shall be protected in relying solely upon the assurance of and the execution of any instrument or instruments by the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)

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RELIANCE ON ACT OF GENERAL PARTNER. No financial institution or any other person, firm or corporation dealing with the General Partner or the Partnership shall be required to ascertain whether the General Partner is acting in accordance with this Agreement, but such financial institution or such other person, firm firm, or corporation shall be protected in relying solely upon the deed, transfer or assurance of and the execution of any such instrument or instruments by the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Keithley Joseph P)

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