Common use of Right to Rely on Authority of General Partner Clause in Contracts

Right to Rely on Authority of General Partner. No Person that is not a Partner, in dealing with the General Partner, shall be required to determine such General Partner's authority to make any commitment or engage in any undertaking on behalf of the Partnership, or to determine any fact or circumstance bearing upon the existence of the authority of the General Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Met Ed Capital Trust), Limited Partnership Agreement (Penelec Capital Trust)

AutoNDA by SimpleDocs

Right to Rely on Authority of General Partner. No Person that is not a Partner, in person dealing with the General Partner, Partner shall be required to determine such General Partner's its authority to make any commitment or engage in any undertaking on behalf of the Partnership, or nor to determine any fact or circumstance bearing upon the existence of the authority of the General Partnerits authority.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

Right to Rely on Authority of General Partner. No Person that is not a Partner, in person dealing --------------------------------------------- with the General Partner, Partner shall be required to determine such General Partner's its authority to make any commitment or engage in any undertaking on behalf of the Partnership, or nor to determine any fact or circumstance bearing upon the existence of the authority of the General Partnerits authority.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

Right to Rely on Authority of General Partner. No Person that is not a Partner, in dealing with the General Partner, shall be required to determine such General 13 Partner's authority to make any commitment or engage in any undertaking on behalf of the Partnership, or to determine any fact or circumstance bearing upon the existence of the authority of the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Metropolitan Edison Co)

AutoNDA by SimpleDocs

Right to Rely on Authority of General Partner. No Person that is not a Partner, in dealing with the General Partner, shall be required to determine such the General Partner's ’s authority to make any commitment or engage in any undertaking on behalf of the Partnership, Partnership or to determine any fact or circumstance bearing upon the existence of the authority of the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!