Common use of Rights Powers and Duties of General Partner Clause in Contracts

Rights Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's assets, business and affairs. Except as otherwise herein expressly provided, the General Partner shall have, and is hereby granted, full and complete power and authority, and exclusive discretion, to manage and control the business and affairs of the Partnership and take any and all such actions for and on behalf of the Partnership and in the Partnership's name as the General Partner shall deem necessary or appropriate to conduct the Partnership's business and to carry out the purposes for which the Partnership was organized. Without limiting the generality of the foregoing, except as otherwise expressly provided herein, the General Partner shall, on behalf of and at the expense of the Partnership, have the right, power and authority:

Rights Powers and Duties of General Partner. (a) The General Partner shall be responsible for the management of the Partnership's assets, business and affairs. Except as otherwise herein expressly provided, the General Partner shall have, and is hereby granted, full and complete power and authority, and exclusive discretion, to manage and control the business and affairs of the Partnership and take any and all such actions for and on behalf of the Partnership and in the Partnership's name as the General Partner shall deem necessary or appropriate to conduct the Partnership's business and to carry out the purposes for which the Partnership was organized. Without limiting the generality of the foregoing, except as otherwise expressly provided herein, the General Partner shall, on behalf of and at the expense of the Partnership, have the right, right power and authority: