Common use of Restrictions upon the General Partner Clause in Contracts

Restrictions upon the General Partner. (1) The General Partner’s power and authority does not extend to any powers, actions or authority not enumerated in Section 10.1 and Section 10.2 unless and until the requisite Special Resolution is passed by the Partners. Further, the General Partner will not: (a) commingle the funds of the Partnership with the funds of the General Partner or any of its Affiliates or Associates or with the funds of any other person; (b) dissolve the Partnership except in accordance with the provisions of Article 15 hereof; or (c) withdraw as General Partner except in accordance with the provisions of Section 10.14 hereof.

Restrictions upon the General Partner. (1) The General Partner’s power and authority does do not extend to any powers, actions or authority not enumerated in Section 10.1 Sections 7.1 and Section 10.2 7.2 unless and until the requisite Special Extraordinary Resolution is passed by the Partners. Further, the General Partner will not: (a) commingle the funds of the Partnership with the funds of the General Partner or any of its Affiliates or Associates or with the funds of any other personPerson; (b) dissolve the Partnership except in accordance with the provisions of Article 15 11 hereof; (c) except in accordance with Section 9.17(c), effect a sale of all or substantially all of the assets of the Partnership; or (cd) withdraw as General Partner except in accordance with the provisions of Section 10.14 7.15 hereof.