RIGHTS, OBLIGATIONS AND POWERS Sample Clauses

RIGHTS, OBLIGATIONS AND POWERS. OF THE GENERAL PARTNER
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RIGHTS, OBLIGATIONS AND POWERS. OF THE GENERAL PARTNER 27 6.1 Management of the Partnership 27 6.2 Delegation of Authority 29
Sample 1
RIGHTS, OBLIGATIONS AND POWERS. OF THE CORPORATE MANAGER 26 SECTION 4.1 Management of the Company. 26 SECTION 4.2 Authority of Corporate Manager. 27 SECTION 4.3 Indemnification and Exculpation of Indemnitees. 27 SECTION 4.4 Liability of the Corporate Manager. 28 SECTION 4.5 Corporate Expenses and Administrative Expenses. 29 SECTION 4.6 Outside Activities. 30 SECTION 4.7 Title to Company Assets. 30 ARTICLE V ACCOUNTING, TAX AND FISCAL MATTERS 30 SECTION 5.1 Fiscal and Taxable Year. 30 SECTION 5.2 Books. 30 SECTION 5.3 Records. 30 SECTION 5.4 Company Funds. 31 SECTION 5.5 Tax Returns. 31 SECTION 5.6 Tax Elections. 32 SECTION 5.7 Tax Matters, Tax Elections and Special Basis Adjustments. 32 SECTION 5.8 Access to Records. 32 ARTICLE VI ALLOCATIONS AND DISTRIBUTIONS 33 SECTION 6.1 Allocations. 33 SECTION 6.2 Cash Available for Distribution. 34 SECTION 6.3 No Right to Distributions in Kind. 36 SECTION 6.4 Limitations on Distributions. 36 SECTION 6.5 Distributions Upon Liquidation. 36 SECTION 6.6 Substantial Economic Effect. 37 SECTION 6.7 Quarter-End Convention. 37
Sample 1
RIGHTS, OBLIGATIONS AND POWERS. OF THE GENERAL PARTNER 20 6.1 Management of the Partnership 20 6.2 Delegation of Authority 22 6.3 Indemnification and Exculpation of Indemnitees 22 6.4 Liability of the General Partner 24 6.5 Reimbursement of General Partner 25 6.6 Outside Activities 25 6.7 Employment or Retention of Affiliates 25 6.8 General Partner Participation 26 6.9 Title to Partnership Assets 26 6.10 Miscellaneous 26 6.11 No Duplication of Fees or Expenses 26 ARTICLE 7 CHANGES IN GENERAL PARTNER 27 7.1 Transfer of the General Partner’s Partnership Interest 27 Source: TNP STRATEGIC RETAIL TRUST, INC., EX-10.3, 5/11/2009 | Powered by Intelligize
Sample 1

Related to RIGHTS, OBLIGATIONS AND POWERS

  • Rights Obligations and Powers of the General Partner 6.1 Management of the Partnership.

  • Modifications and Waivers; Obligation of the Company Absolute The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of at least a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed.

  • Rights and Powers The Company may, without obligation to do so, exercise one or more of the following rights and powers with respect to the Collateral:

  • CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL The obligation hereunder of the Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each of the following conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions of the Company’s Obligations at the Closing The obligations of the Company owed to the Purchaser to consummate the Closing under Section 1 of this Agreement, unless otherwise waived in writing by the Company, are subject to the fulfillment at or before the Closing of each of the following conditions:

  • Conditions of the Company’s Obligations at Closing The obligations of the Company to each Purchaser under this Agreement are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived:

  • Conditions of the Company’s Obligations The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

  • Conditions of Company's Obligations The obligations of the Company to sell and deliver the Bonds are subject to the following conditions:

  • Obligations of Company Unconditional Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.

  • Duties and Powers The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-Laws required to be exercised or done by the stockholders.

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