Sole Managing Partner Clause Samples

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Sole Managing Partner. The Business of the Partnership shall be managed by the Managing Partner of the Partnership, until and unless replaced by TRT LLC in accordance with Section 6.15. Managing Partner shall have such rights, duties and powers as are specified in this Agreement or, unless expressly provided to the contrary in this Agreement, are conferred upon Managing Partner pursuant to the Act.
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Sole Managing Partner. The Business of the Partnership shall be managed by the Managing Partner of the Partnership, until and unless replaced by TRT LLC in accordance with Section 6.15. Managing Partner shall have such rights, duties and powers as are specified in this Agreement or, unless expressly provided to the contrary in this Agreement, are conferred upon Managing Partner pursuant to the Act. 6.1.1 Managing Partner as Agent of the Partnership. Managing Partner is an agent of the Partnership for the purpose of its business, for purposes of the execution in name of the Partnership of any instrument for carrying on in the usual way the Business of the Partnership, and Managing Partner’s acts shall bind the Partnership, unless such act is in contravention of this Agreement or any Senior Loan Document. 6.1.2 Acts of Managing Partner as Conclusive Evidence of Authority. Subject to Section 6.4, every contract, deed, mortgage, deed of trust, pledge, lease and other credit agreement or instrument executed by Managing Partner, including, without limitation, any Senior Loan Document, shall be conclusive evidence in favor of every Person relying thereon or claiming thereunder that at the time of the delivery thereof: (a) the Partnership was in existence, (b) neither this Agreement nor the Certificate of Formation had been amended in any manner so as to restrict the delegation of authority among the Partners to Managing Partner and (c) the execution and delivery of such instrument was duly authorized by the Partnership; provided, however, that Managing Partner shall not (and shall not have authority to), without the prior consent of TRT LLC, bind or take any action on behalf of or in the name of the Partnership, or enter into any commitment or obligation binding upon the Partnership, except for actions authorized under this Agreement and actions authorized by TRT LLC in the manner set forth herein. Any Person may always rely on a certificate addressed to such Person and signed by Managing Partner hereunder: (i) setting forth the names of the Partners or Managing Partner hereunder, (ii) as to the existence or non-existence of any fact which constitutes a condition precedent to acts by the Partners or Managing Partner or in any other manner germane to the affairs of the Partnership, (iii) setting forth the Persons who are authorized to execute and deliver any instrument or document on behalf of the Partnership, (iv) certifying as to the authenticity of any copy of this Agreement, any ame...
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  • General Partner The name and address of the general partner of the Partnership is Outback Steakhouse of Florida, Inc., ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Sole Member As of the date hereof, the Member is the sole member of the Company and owns 100% of the membership interests of the Company and no other person has any right to take part in the ownership of the Company.

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

  • Joint Union/Management Committee It shall be appropriate for either the Union or the University to request that a Joint Union/Management committee be convened, with Environmental Health and Safety as a participating member, to discuss health and safety concerns and to explore options for addressing those concerns through appropriate training or other approaches.