Rights and Duties of Partners Sample Clauses

Rights and Duties of Partners. No Limited Partner shall take part in the control, direction or operation of the affairs of the Partnership other than to exercise the rights specifically provided in this Agreement, nor may any Limited Partner act for or bind the Partnership. Subject to the terms and restrictions of this Agreement, at all times the sole control of the Partnership shall rest exclusively with the General Partner who shall have all of the rights and powers which may be possessed by general partners under the Act. No prior consent or approval of a Limited Partner is required for any act or transaction to be taken by the General Partner unless otherwise specifically provided in this Agreement.
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Rights and Duties of Partners. 4.1 Duties and Obligations of the Administering General Partner. In addition to such duties as are described elsewhere in this Agreement, the Administering General Partner shall (i) prepare and deliver to WHGP and Blackstone GP (or cause to be prepared and delivered to WHGP and Blackstone GP) the Business Plan for each Budget Year, (ii) deliver to WHGP and Blackstone GP promptly upon its receipt, copies of all (x) summonses and complaints served on the Partnership, or the Administering General Partner (as a general partner of the Partnership) and (y) notices of default on any loan or other indebtedness of the Partnership or on any liens against any Partnership Asset, (iii) monitor compliance by the Partnership with any loan agreements, mortgages, purchase agreements and other material agreements to which the Partnership is bound (and take appropriate steps to cure any non-compliance to the extent permitted under this Agreement or otherwise promptly notify WHGP and Blackstone GP of any noncompliance of which it has obtained knowledge) and (iv) manage the Partnership and the Partnership Assets with the same care as it would use if it owned the Partnership Assets individually.
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Rights and Duties of Partners a) No partner shall without the consent in writing of all the other partners: -
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Rights and Duties of Partners. (a) Each Partner shall devote his or her best efforts to the work of the Partnership and pledges that the Partnership shall be his or her principal employment.
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Rights and Duties of Partners. Time Devoted to Partnership
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Rights and Duties of Partners. 25 Section 6.1 Management . . . . . . . . . . . . . . . . . . . . . . 25
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Rights and Duties of Partners. 4.1 Duties and Obligations of the Administering General Partner . . . . . . . . . . . . . . . . . . . . . . 40 4.2 Other Activities of the Partners . . . . . . . . . . . . 40 4.3 Indemnification . . . . . . . . . . . . . . . . . . . . 41
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Rights and Duties of Partners. 4.1 Duties and Obligations of the Administering General Partner....................................32 4.2 Other Activities of the Partners...............................................................33 4.3 Indemnification................................................................................34
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Rights and Duties of Partners 
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Related to Rights and Duties of Partners

  • Rights and Duties of Members Subject to the provisions of Article 3, members will have all of the rights and powers of members as provided under the Act and as otherwise provided by law.

  • Rights and Duties of Rights Agent The Rights Agent undertakes to perform only the duties and obligations expressly set forth in this Agreement and no implied duties or obligations shall be read into this Agreement against the Rights Agent. The Rights Agent shall perform its duties and obligations hereunder upon the following terms and conditions, by all of which the Company and the holders of Right Certificates, by their acceptance thereof, shall be bound:

  • Rights and Duties The Shareholders shall have the following rights, powers, privileges, duties and liabilities:

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V

  • Rights and Duties of Successor Entity In case of any such consolidation, merger, sale, assignment, transfer, lease or conveyance and upon any such assumption by a successor entity in accordance with Section 9.1, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named herein as the Company. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of NextEra Energy, Inc. any or all of the Certificates evidencing Units issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Purchase Contract Agent; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Agreement prescribed, the Purchase Contract Agent shall authenticate and execute on behalf of the Holders and deliver any Certificates which previously shall have been signed and delivered by the officers of the Company to the Purchase Contract Agent for authentication and execution, and any Certificate evidencing Units which such successor entity thereafter shall cause to be signed and delivered to the Purchase Contract Agent for that purpose. All the Certificates so issued shall in all respects have the same legal rank and benefit under this Agreement as the Certificates theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Certificates had been issued at the date of the execution hereof. In case of any such consolidation, merger, sale, assignment, transfer, lease or conveyance such change in phraseology and form (but not in substance) may be made in the Certificates evidencing Units thereafter to be issued as may be appropriate.

  • Rights and Duties of Warrant Agent (1) In the exercise of the rights and duties prescribed or conferred by the terms of this Indenture, the Warrant Agent shall exercise that degree of care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the Warrant Agent from liability for its own gross negligent action, wilful misconduct, bad faith or fraud under this Indenture.

  • Rights and Duties Upon Termination Upon termination of this Agreement for any reason:

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