Rights and Powers of the General Partner. (i) Except as otherwise provided herein, the General Partner shall have the full and exclusive right, power and authority to manage and control the business and affairs of the Partnership and to make all decisions regarding the business of the Partnership, and the General Partner shall have all of the rights, powers and obligations of a general partner of a limited partnership under the Act.
Appears in 3 contracts
Samples: Limited Liability Limited Partnership Agreement (Shells Seafood Restaurants Inc), Limited Partnership Agreement (Hops Grill & Bar Inc), Limited Partnership Agreement (Hops Grill & Bar Inc)
Rights and Powers of the General Partner. (i) Except as otherwise provided hereinIn addition to the rights and powers possessed by general partners under law, the General Partner shall have all specific rights and powers required for or appropriate, in its judgment, to the full and exclusive right, power and authority to manage and control the business and affairs of the Partnership and to make all decisions regarding the business management of the Partnership's Business. Such rights and powers shall include, by way of illustration but not by way of limitation, the following rights and the General Partner shall have all powers in furtherance of the rights, powers and obligations Business of a general partner of a limited partnership under the Act.Partnership:
Appears in 1 contract
Samples: Maverick Tube Corporation
Rights and Powers of the General Partner. (i) Except as otherwise provided hereinSubject to Section 3.4, in addition to the rights and powers possessed by general partners under law, the General Partner shall have all specific rights and powers required for or appropriate, in its judgment, to the full and exclusive right, power and authority to manage and control the business and affairs management of the Partnership Partnership's business. Such rights and to make all decisions regarding powers shall include, by way of illustration but not by way of limitation, the following rights and powers in furtherance of the business of the Partnership, and the General Partner shall have all of the rights, powers and obligations of a general partner of a limited partnership under the Act.:
Appears in 1 contract
Samples: Limited Partnership Agreement (Big Buck Brewery & Steakhouse Inc)