Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish: (1) any amendment to this Agreement; (2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and (3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act. (b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership. (c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney: (1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and (2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 26 contracts
Samples: Agreement of Limited Partnership (Hatteras Core Alternatives Fund, L.P.), Limited Partnership Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Limited Partnership Agreement (Hatteras Core Alternatives TEI Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Company as a substituted PartnerMember or upon the withdrawal of a Member from the Company pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 21 contracts
Samples: Limited Liability Company Agreement (PNC Long-Short Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the Partnership’s Fund's assets appointed under Section 6.2 of this Agreementand, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s such Member's Units, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (CSFB Alternative Capital Multi-Strategy Master Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Tactical Trading Institutional Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Long/Short Equity Institutional Fund, LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s 's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s 's consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s 's assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the whole or any portion of the Partner’s Units's Interest, except that, when the transferee of Units an Interest or portion of an Interest has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 10 contracts
Samples: Limited Partnership Agreement (Endowment Master Fund L P), Limited Partnership Agreement (Hatteras Multi-Strategy Fund I, L.P.), Limited Partnership Agreement (Hatteras Multi-Strategy TEI Institutional Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsAdvisor, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish, if necessary:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view of that legal counsel to the Partnership, Company from time to time may be required by deems necessary or appropriate to comply with the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omittedomitted as necessary. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The Each Member acknowledges that the authority granted pursuant to Section 8.2(a) is not necessary to give effect to any amendment to this Agreement or the Certificate or certain other actions of the Company approved in accordance with this Agreement, that such authority is granted for the purpose of ensuring that the Advisor can execute certain instruments, make filings and take other actions to evidence any such Amendment and to take other actions to ensure compliance with applicable law and that the decision to exercise such authority is in the sole discretion of the Advisor.
(d) This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Advisor and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Advisor shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s all or portion of such Member's Units, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Advisor to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation Portfolio LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Company as a substituted PartnerMember or upon the withdrawal of a Member from the Company pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC), Limited Liability Company Agreement (Mercantile Long Short Manager Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Ramius IDF Master Fund LLC), Limited Liability Company Agreement (Ramius IDF LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Te 2), LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipMaster Fund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipMaster Fund; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipMaster Fund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Master Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Master Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Master Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Master Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipMaster Fund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Master Fund or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Master Fund as a substituted PartnerMember or upon the withdrawal of a Member from the Master Fund pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (PNC Alternative Strategies Master Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Master Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Master Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Mezzacappa Multi Strategy Fund LLC), Limited Liability Company Agreement (Mezzacappa Partners, LLC), Limited Liability Company Agreement (Mezzacappa Long Short Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Limited Liability Company Agreement (Torrey International Strategy Partners LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of- attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Company as a substituted PartnerMember or upon the withdrawal of a Member from the Company pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund for Tax-Exempt/Deferred Investors (TEDI) LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsAdvisor, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Advisor and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Advisor shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitsall or portion of such Member's Interest, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Advisor to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives FB TEI Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives TEI Portfolio LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Adviser and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateArticles required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware Illinois or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Actlaws of the State of Illinois.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate Articles or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Directors and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Adviser and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Fund or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC), Operating Agreement (Asa Debt Arbitrage Fund LLC), Operating Agreement (Asa Hedged Equity Fund LLC)
Special Power of Attorney. (a) Each Partner Member irrevocably makes, constitutes and appoints the General Partner Managing Member and each of the Officers and Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to under Section 6.2 of this Agreement Agreement, with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the PartnerMember, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner Managing Member determines that the Partnership Fund should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s Member's consent. Each Partner Member agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner Member may assert with respect to the amendment or action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or the action to be lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner Managing Member and each of the Officers and Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the PartnershipFund, the General PartnerManaging Member, the Officers, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner Member of the Partner’s Unitsall or any part of its Interest, except that, when the transferee of Units an Interest has been approved by the General Partner Managing Member for admission to the Partnership Fund as a substituted PartnerMember, or upon the withdrawal of Member from the Fund in accordance with a periodic tender or otherwise, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General PartnerManaging Member, the Officers, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution and, upon completion of such substitution, will terminate (but, in the case of any transfer of a portion of an Interest, with respect to that portion of the Interest only).
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Jp Morgan Multi-Strategy Fund LLC), Limited Liability Company Agreement (Jp Morgan Multi-Strategy Fund LLC), Limited Liability Company Agreement (Jp Morgan Multi-Strategy Fund LLC)
Special Power of Attorney. (a) Each Partner Limited Partner, by becoming party to this Limited Partnership Agreement through purchasing Units, does hereby irrevocably makes, constitutes constitute and appoints appoint the General Partner and each officer of the DirectorsGeneral Partner, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the as his true and lawful representatives and attorneysattorney-in-fact offact, and in the his name, place and stead of, xxxxx (as may in the Partner, with reasonable judgment of the power from time General Partner be required by law): (i) to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, to (and deliver as may be appropriate) on his behalf and file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to and record in the Certificate, including, without limitation, any such amendment required to reflect appropriate public offices and publish any amendments to this AgreementLimited Partnership Agreement duly adopted as provided herein; (ii) to execute, acknowledge, swear to (and deliver as may be appropriate) on his behalf and file and record in the appropriate public offices and publish certificates of limited partnership in various jurisdictions, and includingamendments thereto, without limitationand of assumed name or of doing business under a fictitious name with respect to the Fund; (iii) to execute, an amendment acknowledge, swear to effectuate any change (and deliver as may be appropriate) on his behalf and file and record in the membership of appropriate public offices and publish all conveyances and other instruments which the Partnership; and
(3) all other such instruments, documents and certificates that, General Partner deems appropriate to qualify or continue the Fund in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction and the jurisdictions in which the General Partner determines that the Partnership should do Fund may conduct business, or any political subdivision which may be required to be filed by the Fund or agency the Partners under the laws of any such jurisdiction or under any amendments or successor statutes to the Act, to reflect the dissolution or termination of the Fund or the Fund being governed by any amendments or successor statutes to the Act or to reorganize or refile the Fund in a different jurisdiction, provided that such reorganization or that legal counsel may deem necessary or appropriate to effectuate, implement and continue refiling does not result in a material change in the valid existence and business rights of the Partnership as a Partners; (iv) to admit additional Limited Partners and, to the extent that it is necessary under the laws of any jurisdiction to file amended certificates or agreements of limited partnership under or other instruments to reflect such admission, to execute, file and deliver such certificates, agreements and instruments; and (v) to file, prosecute, defend, settle or compromise litigation, claims and arbitrations on behalf of the Delaware Act.
(b) Each Partner is aware that the terms Fund. The Power of this Agreement permit certain amendments to this Agreement Attorney granted herein shall be irrevocable and deemed to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full a power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor and shall survive and shall not be affected by the subsequent incapacity, disability or death of a Limited Partner. Each Limited Partner agrees to be bound by any representation made by the General Partner and each of the Directorsby any successor thereto, acting severallyin good faith pursuant to such Power of Attorney. In addition to the Power of Attorney granted hereby, and any liquidator each Limited Partner agrees, upon the request of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors to execute one or any liquidator has had notice more special Powers of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission Attorney to the Partnership as a substituted Partnerforegoing effect, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling in form and substance satisfactory to the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionon documents separate from this Limited Partnership Agreement.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Ml Select Futures I Lp), Limited Partnership Agreement (Ml Select Futures I Lp), Limited Partnership Agreement (Ml Select Futures I Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement 7.2 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of AmericaStates, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s whole or any portion of such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Old Mutual Emerging Managers Institutional Fund, LLC), Limited Liability Company Agreement (Old Mutual Emerging Managers Fund, L.L.C.), Limited Liability Company Agreement (Old Mutual Absolute Return Institutional Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Investment Manager and each of the DirectorsManagers, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Investment Manager and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Aetos Distressed Investment Strategies Fund LLC), Limited Liability Company Agreement (Aetos Market Neutral Strategies Fund LLC), Limited Liability Company Agreement (Aetos Long Short Strategies Fund LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the whole or any portion of the Partner’s UnitsInterest, except that, when the transferee of Units an Interest or portion of an Interest has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Endowment Master Fund L P), Limited Partnership Agreement (Morgan Stanley Institutional Fund of Hedge Funds II LP), Limited Partnership Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Advisor and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Advisor and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General PartnerAdvisor, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power this power-of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General PartnerAdvisor, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Gam Avalon Multi-Global LLC), Limited Liability Company Agreement (Gam Avalon Multi Market Neutral LLC), Limited Liability Company Agreement (Gam Avalon Multi Us LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement Administrator with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Shareholder's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Administrator shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partner’s Unitsall or portion of such Shareholder's Shares, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerShareholder, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Administrator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios (Series M) LLC), Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC), Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Special Power of Attorney. (a) Each Limited Partner by the execution of this Agreement does irrevocably makes, constitutes constitute and appoints appoint the General Partner and each of with the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the as his true and lawful representatives and attorneysattorney-in-fact offact, and in the his name, place and stead ofxxxxx, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verifyfile and record in his behalf in the appropriate public offices and publish (i) this Agreement and a Certificate of Limited Partnership, deliver, record, file and/or publish:
including amendments thereto; (1ii) any amendment to this Agreement;
(2) any amendment to all instruments which the Certificate, including, without limitation, any such amendment required General Partner deems necessary or appropriate to reflect any amendments to amendment, change or modification of the Partnership in accordance with the terms of this Agreement; (iii) certificates of Assumed Name; (iv) all instruments which the General Partner deems necessary or appropriate to qualify the Partnership to do business as a foreign limited partnership in other jurisdictions; (v) customer agreements with any dealers, commodity brokerage firms or banks; (vi) advisory agreements with any commodity trading advisors and including, without limitation, an amendment to effectuate (vii) such other certificates or instruments (including amendments or modifications of any change in the membership of the Partnership; and
(3foregoing) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time as may be required to be filed by the Partnership or the Partners under the laws of the United States of America, the State of Delaware or any other jurisdiction in which or as the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate desirable to effectuatecarry out the purpose and intent of this Agreement. The Power of Attorney granted herein shall be irrevocable and deemed to be a power coupled with an interest and shall survive the death, implement and continue legal incapacity, insolvency or dissolution of a Limited Partner or the valid existence and business delivery of any assignment by a Limited Partner of the Partnership whole or any portion of his interest, and any assignee of a Limited Partner does hereby constitute each person from time to time serving as a limited partnership an officer of the General Partner his attorney in the same manner and with the same force and for the same purposes as does the assignor. Each Limited Partner hereby agrees to be bound by any representation made by the General Partner and by any successor thereto, acting in good faith pursuant to such Power of Attorney, and each Limited Partner hereby waives any and all defenses which may be available to contest, negate or disaffirm the action of the General Partner and any successor thereto, taken in good faith under the Delaware Actsuch Power of Attorney.
(b) Each Limited Partner is aware that the terms agrees to execute such special Power(s) of Attorney on documents separate from this Agreement permit certain amendments to as the General Partner may request. In the event of any conflict between this Agreement to be effected and certain other actions to be taken or omitted any instruments filed by or with respect such attorney pursuant to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power Power of substitution, to exercise the authority Attorney granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of Paragraph, this special power of attorney with a view to the orderly administration of the affairs of the PartnershipAgreement shall control.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Bridgeton Global Directional Fund, Lp), Limited Partnership Agreement (Bridgeton Global Directional Fund, Lp), Limited Partnership Agreement (RFMC Global Directional Fund LP)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the Partnershipcounsel, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipCompany, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer transfer by a Partner Member of the Partnerwhole or any portion of such Member’s Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Fund LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Tei Fund LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement Administrator with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Shareholder’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Administrator shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partnerall or portion of such Shareholder’s UnitsShares, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerShareholder, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Administrator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Skybridge G II Fund, LLC), Limited Liability Company Agreement (Skybridge G II Fund, LLC), Limited Liability Company Agreement (Skybridge Diversified Hedge Fund Portfolio, LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of all or any portion of the Partner’s UnitsShares, except that, when the transferee of Units Shares has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (PMF TEI Fund, L.P.), Limited Partnership Agreement (PMF Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Sponsor and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power Pursuant to Section 18-204(c) of the Delaware Act, this power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is irrevocable and is coupled with an interest sufficient in law to support an irrevocable power in favor of the General Partner Sponsor and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death death, disability, incapacity, dissolution, termination of existence or incapacity of bankruptcy of, or any Person other event concerning, any party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s its Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board or the Sponsor for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General PartnerBoard, the Directors Sponsor, or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (AMG Pantheon Infrastructure Fund, LLC), Limited Liability Company Agreement (AMG Pantheon Private Equity Master Fund, LLC), Limited Liability Company Agreement (AMG Pantheon Private Equity Master Fund, LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s 's assets appointed pursuant to Section SECTION 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s 's consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section SECTION 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section SECTION 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s 's assets appointed under Section SECTION 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the whole or any portion of the Partner’s Units's Interest, except that, when the transferee of Units an Interest or portion of an Interest has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Hatteras Multi-Strategy Fund I, L.P.), Limited Partnership Agreement (Hatteras Multi-Strategy TEI Fund, L.P.), Limited Partnership Agreement (Hatteras Master Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s whole or any portion of such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Torrey International Strategy Partners LLC), Limited Liability Company Agreement (Torrey Multi Strategy Partners LLC), Limited Liability Company Agreement (Torrey Us Strategy Partners LLC)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the such Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the such Partner’s 's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Partner agrees that, notwithstanding any objection that the which such Partner may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner of the whole or any portion of such Partner’s Units's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner for admission to the Partnership Fund as a substituted Partner, the power this power-of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Gam Avalon Multi-Europe Lp), Limited Partnership Agreement (Gam Avalon Multi Technology Lp), Limited Partnership Agreement (Gam Avalon Multi-Global Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Company or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC)
Special Power of Attorney. (a) Each Partner Member irrevocably makes, constitutes and appoints the General Partner and each duly named officer of the DirectorsFund, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneys-in-fact attorney‑in‑fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this Agreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 of this Agreement);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdiction, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact attorney‑in‑fact appointed under this Agreement are is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner Fund and each duly named officer of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Fund and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has such officer shall have had notice of the such death or incapacity; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerall or portion of such Member’s UnitsShares, except that, that when the transferee of Units such Share has been approved by the General Partner Board of Directors for admission to the Partnership Fund as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator such officer to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Fintan Alternative Fixed Income Institutional Fund, LLC), Limited Liability Company Agreement (Fintan Alternative Fixed Income Advisory Fund, LLC), Limited Liability Company Agreement (Fintan Alternative Fixed Income Master Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement 7.2 with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreement7.2 hereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC), Limited Liability Company Operating Agreement (Rochdale Alternative Total Return Fund LLC), Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this Agreement;
Agreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof); (2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
and (3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the Partnership’s Fund's assets appointed under Section 6.2 of this Agreementand, and as such the power of attorney:
such: (1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
and (2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitssuch Member's Shares, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (ASGI Corbin Multi-Strategy Fund, LLC), Limited Liability Company Agreement (ASGI Mesirow Insight Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Prospero Capital Management, LLC and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Beaumont Fund LLC), Limited Liability Company Agreement (Curan Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of AmericaStates, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s whole or any portion of such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Robeco-Sage Multi-Strategy Master Fund, L.L.C.), Limited Liability Company Agreement (Robeco-Sage Triton Master Fund, L.L.C.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the PartnershipFund’s assets appointed under Section 6.2 of this Agreementand, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnersuch Member’s UnitsUnitsShares, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC)
Special Power of Attorney. (a) Each Limited Partner by executing this Agreement does irrevocably makes, constitutes constitute and appoints appoint the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the as his true and lawful representatives and attorneysattorney-in-fact offact, and in the his name, place and stead of, the Partner, with the power from time to time to make, sxxxx to:
(a) execute, sign, acknowledge, swear toto (and deliver as may be appropriate) on his behalf and file and record in the appropriate public offices and publish (as may be appropriate):
(i) this Agreement, verifyincluding any amendments adopted as provided herein,
(ii) certificates of limited partnership in various jurisdictions, deliverand amendments thereto, recordand certificates of assumed name or doing business under a fictitious name with respect to the Partnership,
(iii) all conveyances and other instruments which the General Partner deems appropriate to qualify or continue the Partnership in the jurisdictions in which the Partnership may conduct business which may be required to be filed by the Partnership or the Partners under the laws of any jurisdiction to reflect the dissolution or termination of the Partnership or to reorganize or refile the Partnership in a different jurisdiction, provided that the reorganization or refiling does not result in a material change in the rights of the partners; wxxxxx futures fund, l.p. (us) EXHIBIT A-9
(b) admit additional Limited Partners and, to the extent that it is necessary under the laws of any jurisdiction, to file amended certificates or agreements of limited partnership or other instruments to reflect such admission, to execute, file and/or publish:
(1) any amendment to this Agreementand deliver such certificates, agreements and instruments;
(2c) any amendment to the Certificatefile, includingprosecute, without limitationdefend, any such amendment required to reflect any amendments to this Agreementsettle or compromise litigation, and including, without limitation, an amendment to effectuate any change in the membership claims or arbitrations on behalf of the Partnership; and
(3d) all other such instruments, documents and certificates that, in enter into agreements with third parties (including affiliates of the view of legal counsel General Partner) to carry out the Partnership, from time ’s business. The Power of Attorney granted herein shall be irrevocable and deemed to time may be required a power coupled with an Interest and shall survive the incapacity or death of a Limited Partner. Each Limited Partner agrees to be bound by the laws of the United States of America, the State of Delaware or any other jurisdiction in which representation made by the General Partner determines that the Partnership should do businessand by any successor thereto, or acting in good faith pursuant to such Power of Attorney, and each Limited Partner hereby waives any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that all defenses which may be necessary available to contest, negate or appropriate to permit disaffirm the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and any successor thereto, taken in good faith under such Power of Attorney. In addition to this Power of Attorney, each Limited Partner agrees to execute a special Power of Attorney on a document separate from this Agreement. The form of Power of Attorney to be executed is included in the Directors, acting severally, Subscription Agreement attached to the Memorandum. In the event of any conflict between this Agreement and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as instruments filed by such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission attorney pursuant to the Partnership as a substituted PartnerPower of Attorney granted in this Paragraph 13, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionthis Agreement shall control.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Winton Futures Fund Lp (Us)), Agreement of Limited Partnership (Winton Futures Fund Lp (Us))
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act. The Adviser xxxxxx accepts the appointment provided in this Section 8.2 and agrees to assume and perform its obligations thereunder.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person Member granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board of Managers or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerall or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, or upon withdrawal of a Member from the power Fund pursuant to a repurchase of Interests or otherwise, this power-of-attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionshall terminate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Partners Group Growth, LLC), Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints each Manager and the General Partner and each of the DirectorsAdviser, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement 5.2 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 7.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware ActAct (including any such conveyances and other instruments deemed necessary to effect the authorized dissolution or termination of the Fund).
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of each Manager and the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Adviser and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the Corporate General Partner and Partner, each of the DirectorsIndividual General Partners, acting severally, and any liquidator of the Partnership’s 's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the such Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the Partnership, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the such Partner’s 's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, each Partner agrees that, notwithstanding any objection that the which such Partner may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the Corporate General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Individual General Partners and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, Partnership or the Corporate General Partner, the Directors Partner or any liquidator has Individual General Partners shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner of the whole or any portion of such Partner’s Units's Interest, except that, when that where the transferee of Units thereof has been approved by the Individual General Partner Partners for admission to the Partnership as a substituted Partner, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the Corporate General Partner, the Directors Partner or any liquidator Individual General Partners to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Levco Put Fund I L P), Limited Partnership Agreement (Levco Zero Coupon Put Fund I Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Manager and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Manager and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Pw Sequoia Fund LLC), Limited Liability Company Agreement (Pw Redwood Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Db Hedge Strategies Fund LLC), Limited Liability Company Agreement (Db Absolute Return Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Company or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s whole or any portion of such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Operating Agreement (Acp Strategic Opportunities Fund Ii LLC), Operating Agreement (Acp Continuum Return Fund Ii LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the Partnershipcounsel, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipCompany, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Feg Absolute Access Tei Fund LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person Member granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board of Managers or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerall or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, or upon withdrawal of a Member from the power Fund pursuant to a repurchase of Interests or otherwise, this power-of-attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionshall terminate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC), Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of AmericaStates, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Old Mutual 2100 Emerging Managers Master Fund, L.L.C.), Limited Liability Company Agreement (Old Mutual 2100 Absolute Return Master Fund, L.L.C.)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsPartner, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact ofof such Partner, and in the name, place and stead of, the of such Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any publish all such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents instruments and certificates thatwhich, in the view opinion of legal counsel to retained by the PartnershipGeneral Partner, may from time to time may be required by the laws of Israel, the United States of AmericaStates, the State States of Delaware or California or any other jurisdiction state in which the General Partner determines that the Partnership should shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which said legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid and subsisting existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consentPartnership. Each Partner agrees that if an amendment to the Certificate or this Agreement or If any action by or with respect to the Partnership is taken by the General Partner in the manner contemplated by this Agreement, notwithstanding any objection each Partner agrees that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are special attorney specified above is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the amendment such action to be made or action lawfully taken or omitted. Each Partner is fully aware that it and each other Partner has executed this power-of-attorney, and that each Partner will rely on the effectiveness of this special power of attorney such powers with a view to the orderly administration of the affairs of the Partnership.
(c) The power of . This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each (i) may be exercised for a Partner by a facsimile signature of the DirectorsGeneral Partner or, acting severallyafter listing all of the Limited Partners including such Partner, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice by a single signature of the death or incapacityGeneral Partner acting as attorney-in-fact for all of them; and
and (2ii) will shall survive the delivery of a Transfer an assignment by a Limited Partner of the Partner’s Unitswhole or any portion of its interest in the Partnership, except that, when that where the transferee of Units assignee thereof has been approved by the General Partner for admission to the Partnership partnership as a substituted Substituted Limited Partner, the power of this power-of-attorney given by the transferor will assignor shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Partner to execute, acknowledge acknowledge, and file any instrument necessary to effect such substitution. The powers of attorney granted under this Section 11.1 cannot be utilized by the substitutionGeneral Partner to increase or extend any financial obligation or liability of a Limited Partner, to alter the method of division of profits and losses or the method of distributions in connection with the investment of a Limited Partner or to alter the rights and obligations of a Limited Partner without the written consent of such Limited Partner. In addition, the powers of attorney granted under this Section 11.1 may not be utilized by the General Partner to amend this Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Shamrock Holdings of California Inc), Limited Partnership Agreement (Trefoil Israel FSL Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipMaster Portfolio’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipMaster Portfolio; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipMaster Portfolio, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Master Portfolio shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Master Portfolio as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Master Portfolio without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Master Portfolio is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipMaster Portfolio.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Master Portfolio or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Master Portfolio as a substituted PartnerMember or upon the withdrawal of a Member from the Master Portfolio pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the General Partner (and each of the Directorstheir successors and permitted assigns), acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partner, such Partner with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any an amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 9.1);
(2ii) the Certificate and any amendment to the Certificate, including, without limitation, any such amendment thereof required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipAgreement is amended; and
(3iii) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the Partnership, may from time to time may be required by the laws of the United States of America, the State States of Delaware Delaware, New York, or any other jurisdiction in which the General Partner determines that the Partnership should shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid and subsisting existence and business of the Partnership as a limited partnership under or to effect the Delaware Actdissolution or termination of the Partnership.
(b) Each Limited Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s his consent. Each Partner agrees that if If an amendment to of the Certificate or this Agreement or any action by or with respect to the Partnership is taken by the General Partner in the manner contemplated by this Agreement, each Limited Partner agrees that, notwithstanding any objection that the which such Limited Partner may assert with respect to the such amendment or action, the attorneys-in-fact appointed under this Agreement are General Partner in its sole discretion is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each other Partner will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of . This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, Partnership or the General Partner, the Directors or any liquidator has Partner shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer an assignment by a Limited Partner of the Partner’s Unitswhole or any portion of his interest in the Partnership, except that, when that where the transferee of Units assignee thereof has been approved by the General Partner for admission to the Partnership as a substituted Limited Partner, the power of this power-of-attorney given by the transferor will assignor shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Partner to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Partnership Agreement (American Physicians Capital Inc), Limited Partnership Agreement (American Physicians Capital Inc)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator liquidating Director of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement 7.2 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Fund or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Shares, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner (and any successor thereto) and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement duly adopted pursuant to Section 8.1;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the whole or any portion of the Partner’s UnitsInterest, except that, when the transferee of Units an Interest or portion of an Interest has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (HarbourVest - Origami Structured Solutions L.P.), Agreement of Limited Partnership (Endowment PMF Master Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Master Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whistler Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManagers, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement 6.02 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.01 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power Pursuant to Section 18-204(c) of the Delaware Act, this power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is irrevocable and is coupled with an interest sufficient in law to support an irrevocable power in favor of the General Partner and each of the DirectorsManagers, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreement6.02 hereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death death, disability, incapacity, dissolution, termination of existence or incapacity of bankruptcy of, or any Person other event concerning, any party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s its Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (SVX LLC), Limited Liability Company Operating Agreement (Silicon Valley Access Fund LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement Administrator with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
and (3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Shareholder’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Administrator shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partnerall or portion of such Shareholder’s UnitsShares, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerShareholder, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Administrator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Limited Liability Company Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints each Manager and the General Partner and each of the DirectorsAdviser, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement 5.2 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 7.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware ActAct (including any such conveyances and other instruments deemed necessary to effect the authorized dissolution or termination of the Fund).
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of each Manager and the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Adviser and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of- attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsAdviser, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Adviser and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Adviser shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerall or portion of such Member’s Units, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Adviser to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Zea Capital Fund LLC), Limited Liability Company Agreement (Zea Capital Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC), Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the PartnershipFund’s assets appointed under Section 6.2 of this Agreementand, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnersuch Member’s UnitsInterestShares, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each duly named officer of the DirectorsCompany, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner Company and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, duly named officer thereof and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has such officer shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerall or portion of such Member’s UnitsShares, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator such officer to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cadogan Opportunistic Alternatives Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Company's assets appointed pursuant to Section 6.2 of this Agreement 7.2 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s whole or any portion of such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Man FRM Alternative Multi-Strategy Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of- attorney, regardless of whether the PartnershipFund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CPG Carlyle Private Equity Master Fund, LLC)
Special Power of Attorney. (a) Each Limited Partner irrevocably makes, hereby constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the substitution as his true and lawful representatives agent and attorneysattorney-in-fact ofin- fact, with full power and authority in the its name, place and stead ofstead, the Partner, with the power from time to time to make, to:
(i) execute, sign, acknowledge, swear to, verifyacknowledge, deliver, record, file and/or publish:
and record in the appropriate public offices (1A) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, all Certificates and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) other instruments and all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in amendments thereof which the General Partner determines that the Partnership should do businessreasonably deems appropriate or necessary to form, qualify, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of qualification of, the Partnership as a limited partnership under (or a partnership in which limited partners have limited liability) in all jurisdictions in which the Delaware ActPartnership may conduct business or own property in accordance with this Agreement; (B) all instruments which the General Partner reasonably deems appropriate or necessary to reflect any amendment, change, modification or restatement of this Agreement properly made in accordance with Sections 11.2 and 11.3 (whether or not such specific Limited Partner voted in favor thereof); (C) all conveyances and other instruments or documents which the General Partner reasonably deems appropriate or necessary to reflect, in accordance with this Agreement, the acquisition or disposition of all or any portion of the Securities, the admission or withdrawal of any Partner and the dissolution and liquidation of the Partnership; and (D) all instruments relating to the admission, withdrawal or substitution of any Partner pursuant to and in accordance with this Agreement; and
(ii) swear to, represent or acknowledge, confirm, or ratify that any vote, consent, approval, agreement or other action, which is made or given properly by the Partners hereunder or is consistent with the terms of this Agreement has been made or given (whether or not such specific Limited Partner voted in favor thereof or consented thereto).
(b) Each Partner The foregoing power of attorney hereby is aware that the terms of this Agreement permit certain amendments to this Agreement declared to be effected irrevocable and certain other actions a power coupled with an interest, and it shall survive and not be affected by the subsequent death, incompetency, disability, incapacity, dissolution, bankruptcy or termination of any Partner and the transfer of all or any portion of its Partnership Interest and shall extend to be taken or omitted by or with respect to the Partnership without the such Partner’s consent's heirs, successors, assigns and personal representatives. Each Partner agrees that if an amendment shall execute and deliver to the Certificate or General Partner at the principal office of the Partnership, within fifteen (15) days after receipt of the General Partner's request therefor, such further designations, powers of attorney and other instruments as the General Partner deems necessary to effectuate this Agreement or any action by or with respect to and the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs purposes of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 1 contract
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement 6.02 hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.01 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power Pursuant to Section 18-204(c) of the Delaware Act, this power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is irrevocable and is coupled with an interest sufficient in law to support an irrevocable power in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreement6.02 hereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death death, disability, incapacity, dissolution, termination of existence or incapacity of bankruptcy of, or any Person other event concerning, any party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitsits Shares, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Morrison Street Income Fund, LLC)
Special Power of Attorney. (a) Each Partner Member and the Special Advisory Member hereby irrevocably makesmake, constitutes constitute and appoints the General Partner appoint HSBCAdmin and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner is Member and the Special Advisory Member are aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member and the Special Advisory Member agree that, notwithstanding any objection that the Partner which such member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is Member and the Special Advisory Member are fully aware that each Partner Member and the Special Advisory Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner HSBCAdmin and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (HSBC Absolute Return Portolio LLC)
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section SECTION 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section SECTION 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section SECTION 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section SECTION 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the whole or any portion of the Partner’s UnitsInterest, except that, when the transferee of Units an Interest or portion of an Interest has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hatteras Master Fund, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement Merrill Lynch Alternative Investments LLC with full power of substitutionpowex xx xxbxxxxxtion, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Merrill Lynch Alternative Investments LLC and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacityMerrill Lynch Alternative Investments LLC shall hxxx xxx xxxxxe thereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s all or portion of such Member's Units, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General PartnerMerrill Lynch Alternative Investments LLC to xxxxxxx, the Directors or any liquidator to execute, acknowledge xxknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Multi-Strategy Hedge Opportunities LLC)
Special Power of Attorney. (a) Each Partner Investor hereby irrevocably makes, constitutes and appoints each Manager and the General Partner and each of the DirectorsAdviser, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Investor, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Investor is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Investor's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Investor agrees that, notwithstanding any objection that the Partner such Investor may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Investor is fully aware that each Partner Investor will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of each Manager and the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Adviser and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner an Investor of the Partner’s Unitswhole or any portion of such Investor's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerInvestor, the power of this power-of- attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Arden Registered Institutional Advisers LLC)
Special Power of Attorney. (a) Each Limited Partner by the execution of this Agreement does irrevocably makes, constitutes constitute and appoints appoint the General Partner and each of with the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the as his true and lawful representatives and attorneysattorney-in-fact offact, and in the his name, place and stead ofstead, the Partner, with the power from time to time to make, execute, sign, acknowledgeacknowlxxxx, swear to, verifyfile and record in his behalf in the appropriate public offices and publish (i) this Agreement and a Certificate of Limited Partnership, deliver, record, file and/or publish:
including amendments thereto; (1ii) any amendment to this Agreement;
(2) any amendment to all instruments which the Certificate, including, without limitation, any such amendment required General Partner deems necessary or appropriate to reflect any amendments to amendment, change or modification of the Partnership in accordance with the terms of this Agreement; (iii) certificates of Assumed Name; (iv) all instruments which the General Partner deems necessary or appropriate to qualify the Partnership to do business as a foreign limited partnership in other jurisdictions; (v) customer agreements with any dealers, commodity brokerage firms or banks; (vi) advisory agreements with any commodity trading advisors and including, without limitation, an amendment to effectuate (vii) such other certificates or instruments (including amendments or modifications of any change in the membership of the Partnership; and
(3foregoing) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time as may be required to be filed by the Partnership or the Partners under the laws of the United States of America, the State of Delaware or any other jurisdiction in which or as the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate desirable to effectuatecarry out the purpose and intent of this Agreement. The Power of Attorney granted herein shall be irrevocable and deemed to be a power coupled with an interest and shall survive the death, implement and continue legal incapacity, insolvency or dissolution of a Limited Partner or the valid existence and business delivery of any assignment by a Limited Partner of the Partnership whole or any portion of his interest, and any assignee of a Limited Partner does hereby constitute each person from time to time serving as a limited partnership an officer of the General Partner his attorney in the same manner and with the same force and for the same purposes as does the assignor. Each Limited Partner hereby agrees to be bound by any representation made by the General Partner and by any successor thereto, acting in good faith pursuant to such Power of Attorney, and each Limited Partner hereby waives any and all defenses which may be available to contest, negate or disaffirm the action of the General Partner and any successor thereto, taken in good faith under the Delaware Actsuch Power of Attorney.
(b) Each Limited Partner is aware that the terms agrees to execute such special Power(s) of Attorney on documents separate from this Agreement permit certain amendments to as the General Partner may request. In the event of any conflict between this Agreement to be effected and certain other actions to be taken or omitted any instruments filed by or with respect such attorney pursuant to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power Power of substitution, to exercise the authority Attorney granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of Paragraph, this special power of attorney with a view to the orderly administration of the affairs of the PartnershipAgreement shall control.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Willowbridge Fund Lp)
Special Power of Attorney. (a) Each Partner irrevocably Member hereby makes, constitutes and appoints the General Partner Managing Member and each of the Directorsany successor or substitute Managing Member(s), acting jointly and severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitutionsubstitution and resubstitution, the such Member's true and lawful representatives and attorneys-in-fact ofattorney for it in its name, place, and in the name, place stead and stead of, the Partner, with the power from time for its use and benefit to time to make, execute, signcertify, acknowledge, swear to, verifyfile and record this Agreement, deliverand to certify, recordacknowledge, swear to, file and/or publishand record all instruments amending this Agreement, as now or hereafter amended in accordance with this Agreement, and to sign, execute, certify, acknowledge, swear to, file and record all such other documents that are necessary or appropriate:
(1i) to reflect the exercise by the Managing Member of any amendment of the powers granted to the Managing Member under this Agreement;
; (2ii) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments made to Schedule 1 by the Managing Member pursuant to, and in accordance with, this Agreement, ; and including, without limitation, an amendment (iii) to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time reflect actions which may be required of the Company or the Managing Member by the applicable laws of any jurisdiction. Each Member authorizes the United States attorney-in-fact to take any further action which such attorney-in-fact shall consider necessary or advisable in connection with any of Americathe foregoing, hereby giving such attorney-in-fact full power and authority to do and perform each and every act or thing whatsoever requisite or advisable to be done in and about the foregoing as fully as the Member might or could do if personally present, and hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Notwithstanding the foregoing, the State of Delaware or any other jurisdiction in which Managing Member may not, without the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business Consent of the Partnership Members Committee, take any action pursuant to the powers granted in this Section 6.9 if, as a limited partnership under result of such action, the Delaware Actrights or obligations of one or more Members would be changed (unless the rights and obligations of all Members would be so changed).
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full The special power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary 6.9(a): (i) is irrevocable; (ii) is coupled with an interest; and (iii) shall survive a Member's death, incapacity or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnershipdissolution.
(c) The power of attorney contemplated by this Section 8.2 is a Managing Member may exercise the special power of attorney and is coupled with an interest granted in favor Section 6.9(a) by signature of a duly authorized officer of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionManaging Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Building Materials Holding Corp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement Administrator with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 9.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Administrator shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitsall or portion of such Member's Shares, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Administrator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipPR Act; and
(3iii) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State Commonwealth of Delaware Puerto Rico or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware PR Act. The Adviser hereby accepts the appointment provided in this Section 8.2 and agrees to assume and perform its obligations thereunder.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Shareholder’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person Shareholder granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board of Managers or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partnerall or any portion of such Shareholder’s UnitsShares, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerShareholder, or upon withdrawal of a Shareholder from the power Fund pursuant to a repurchase of Shares or otherwise, this power-of-attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionshall terminate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (X-Square Balanced Fund, LLC)
Special Power of Attorney. (a) Each Limited Partner by his execution of this Agreement does hereby irrevocably makes, constitutes constitute and appoints appoint the General Partner and each officer of the DirectorsGeneral Partner, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the as his true and lawful representatives and attorneysattorney-in-fact offact, and in the his name, place and stead ofxxxxx, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, to (and deliver as may be appropriate) on his behalf and file and/or publish:
and record in the appropriate public offices and publish (1as may in the reasonable judgment of the General Partner be required by law): (i) any amendment to this Agreement;
, including any amendments and/or restatements hereto duly adopted as provided herein; (2ii) certificates in various jurisdictions, and amendments and/or restatements thereto, and of assumed name or of doing business under a fictitious name with respect to each Series or the Partnership; (iii) all conveyances and other instruments which the General Partner deems appropriate to qualify or continue each Series or the Partnership in the State of Delaware and the jurisdictions in which each Series or the Partnership may conduct business, or which may be required to be filed by each Series or the Limited Partners under the laws of any amendment jurisdiction or under any amendments or successor statutes to the CertificateAct, to reflect the dissolution or termination of each Series or the Partnership, or each Series or the Partnership being governed by any amendments or successor statutes to the Act or to reorganize or refile each Series or the Partnership in a different jurisdiction; and (iv) to file, prosecute, defend, settle or compromise litigation, claims or arbitrations on behalf of each Series. The Power of Attorney granted herein shall be irrevocable and deemed to be a power coupled with an interest (including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership interest of the Partnership; and
(3) all other such instruments, documents and certificates that, Limited Partners in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate being able to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view General Partner’s authority to the orderly administration of the affairs of the Partnership.
(c) The power of attorney act as contemplated by this Section 8.2 is a special power of attorney 15) and is coupled with an interest in favor of the General Partner shall survive and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will shall not be irrevocable and continue in full force and effect notwithstanding affected by the subsequent incapacity, disability or death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Limited Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Superfund Green, L.P.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) . any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) . any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) . all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.24
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will . shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Company or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will . shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Operating Agreement (PARADIGM Multi Strategy Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Fund or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Chartist Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipCompany’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Company or any liquidator has Board of Managers shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board of Managers to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Master Fund's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipMaster Fund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Master Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Master Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Master Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Master Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipMaster Fund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s assets Master Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipMaster Fund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Master Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Special Power of Attorney. (a) Each Partner irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s 's assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the Partnership, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s 's consent. Each Partner agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner may assert with respect to the action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Endowment Master Fund L P)
Special Power of Attorney. (a) Each Limited Partner hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsIndividual General Partners, acting severally, and any liquidator of the Partnership’s 's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the such Partner, with the -35- 40 power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the Partnership, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership as a limited partnership under the Delaware Act.
(b) Each Limited Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the such Partner’s 's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership is taken in the manner contemplated by this Agreement, each Limited Partner agrees that, notwithstanding any objection that the which such Partner may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Limited Partner is fully aware that each Partner will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Individual General Partners and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the Partnership or Individual General Partner, the Directors or any liquidator has Partners shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Limited Partner of the whole or any portion of such Partner’s Units's Interest, except that, when that where the transferee of Units thereof has been approved by the Individual General Partner Partners for admission to the Partnership as a substituted Limited -36- 41 Partner, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the Individual General Partner, the Directors or any liquidator Partners to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Wynstone Partners Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the PartnershipFund’s assets appointed under Section 6.2 of this Agreementand, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnersuch Member’s Units, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wells Fargo Family Office Master Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner other Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly o rderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Managers and any liquidator of the PartnershipFund’s assets appointed under Section 6.2 of this Agreementand, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnersuch Member’s Units, except that, when that where the transferee of Units Transferee thereof has been approved by the General Partner for admission to the Partnership as a substituted PartnerBoard, the power of this power-of-attorney given by the transferor will Transferor shall survive the delivery of the assignment such Transfer for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the substitutionsuch Transfer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Master Fund I, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s TEI's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipTEI; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipTEI, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should TEI shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership TEI as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership TEI without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership TEI is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipTEI.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors TEI or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership TEI as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Man Glenwood Tei LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3iii) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act. The Adviser hxxxxx accepts the appointment provided in this Section 8.2 and agrees to assume and perform its obligations thereunder.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Shareholder’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person Shareholder granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board of Managers or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partnerall or any portion of such Shareholder’s UnitsShares, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerShareholder, or upon withdrawal of a Shareholder from the power Fund pursuant to a repurchase of Shares or otherwise, this power-of-attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionshall terminate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipTEI Fund’s assets appointed pursuant to Section 6.2 of this Agreement Section6.2 with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipTEI Fund, from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should TEI Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership TEI Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership TEI Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership TEI Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipTEI Fund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipTEI Fund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipTEI Fund, the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership TEI Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund TEI LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsAdvisor, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish, if necessary:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view of that legal counsel to the Partnership, Company from time to time may be required by deems necessary or appropriate to comply with the the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omittedomitted as necessary. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The power of attorney contemplated by Each Member acknowledges that the authority granted pursuant to Section 8.2(a) is not necessary to give effect to any amendment to this Section 8.2 is a special power of attorney and is coupled with an interest in favor Agreement or the Certificate or certain other actions of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of Company approved in accordance with this Agreement, that such authority is granted for the purpose of ensuring that the Advisor can execute certain instruments, make filings and as take other actions to evidence any such Amendment and to take other actions to ensure compliance with applicable law and that the power of attorney:
(1) will be irrevocable and continue decision to exercise such authority is in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has had notice sole discretion of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner of the Partner’s Units, except that, when the transferee of Units has been approved by the General Partner for admission to the Partnership as a substituted Partner, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionAdvisor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner which such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner Adviser and each of the Directors, acting severally, and any liquidator of the PartnershipFund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of- attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s its Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Fund, LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Portfolio Company's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipPortfolio Company; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipPortfolio Company, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Portfolio Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Portfolio Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Portfolio Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Portfolio Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipPortfolio Company.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Portfolio Company or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitssuch Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Portfolio Company as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Man-Glenwood Lexington Associates Portfolio LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipMaster Fund’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipMaster Fund; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipMaster Fund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Master Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Master Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Master Fund without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Master Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipMaster Fund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of- attorney, regardless of whether the Partnership, the General Partner, the Directors Master Fund or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Master Fund as a substituted PartnerMember or upon the withdrawal of a Member from the Master Fund pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the General Partner (and each of the Directorsits successors and permitted assigns), acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partner, such Partner with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or or publish:
(1i) any an amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1);
(2ii) the Certificate and any amendment to the Certificatethereof required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, including an amendment to effectuate any change in the membership of the PartnershipPartnership or in the capital contributions of the Partners; and
(3iii) all such other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the Partnership, may from time to time may be required by the laws of the United States of America, the State of Delaware Texas, or any other jurisdiction in which the General Partner Partnership determines that the Partnership should to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid and subsisting existence and business of the Partnership as a limited partnership under or to effect the Delaware Actdissolution or termination of the Partnership.
(b) Each Limited Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Partner’s his consent. Each Partner agrees that if If an amendment to of the Certificate or this Agreement or any action by or with respect to the Partnership is taken by the General Partner in the manner contemplated by this Agreement, each Limited Partner agrees that, notwithstanding any objection that the which such Limited Partner may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement are General Partner in its sole discretion is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each other Partner will rely relies on the effectiveness of this special power of power- of-attorney with a view to the orderly administration of the affairs of the Partnership.
(c) The power of . This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorneysuch:
(1i) will be is irrevocable and continue continues in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, Partnership or the General Partner, the Directors or any liquidator Partner has had notice of the death or incapacitythereof; and
(2ii) will survive survives the delivery of a Transfer an assignment by a Limited Partner of the Partner’s Unitswhole or any portion of his Interest, except that, when that where the transferee of Units assignee thereof has been approved by the General Partner for admission to the Partnership as a substituted Limited Partner, the power of this power-of-attorney given by the transferor will survive assignor survives the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Partner to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Value Partners LTD /Tx/)
Special Power of Attorney. (a) Each Partner hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the such Partner, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership Partnership of the PartnershipFund; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipFund, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership Limited Partnership under the Delaware Act.
(b) Each Partner is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the such Partner’s 's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Partner agrees that, notwithstanding any objection that the such Partner may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is fully aware that each Partner will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Fund or Board of Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner of the whole or any portion of such Partner’s Units's Interests, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Fund as a substituted Partner, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Board of Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Partnership Agreement (Persimmon Growth Partners Fund Lp)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes constitutes, and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipMaster Fund’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place place, and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipMaster Fund , from time to time may be required by the laws of the United States of America, the State of Delaware Delaware, or any other jurisdiction in which the General Partner determines that the Partnership should Master Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Master Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Master Fund without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Master Fund is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipMaster Fund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipMaster Fund’s assets assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipMaster Fund , the General PartnerBoard, the Directors or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Master Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-attorneys- in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipPR Act; and
(3iii) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State Commonwealth of Delaware Puerto Rico or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware PR Act. The Adviser hereby accepts the appointment provided in this Section 8.2 and agrees to assume and perform its obligations thereunder.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such Shareholder's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of power- of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, Adviser and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person Shareholder granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board of Managers or any liquidator has shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Shareholder of the Partner’s Unitsall or any portion of such Shareholder's Shares, except that, when that where the transferee of Units thereof has been approved by the General Partner Board of Managers for admission to the Partnership Fund as a substituted PartnerShareholder, or upon withdrawal of a Shareholder from the power Fund pursuant to a repurchase of Shares or otherwise, this power-of- attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitutionshall terminate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (X-Square Balanced Fund, LLC)
Special Power of Attorney. (a) Each Partner Shareholder hereby irrevocably makes, constitutes and appoints FIMM (the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement "Attorney-in-Fact") with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Shareholder, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this Agreement;
(2) any amendment to Agreement that complies with the Certificate, including, without limitation, any such amendment required to reflect any amendments to provisions of this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the Partnership; and
(3ii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Shareholder is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Shareholder's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Shareholder agrees that, notwithstanding any objection that the Partner such Shareholder may assert with respect to the such action, the attorneysAttorney-in-fact Fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Shareholder is fully aware that each Partner Shareholder will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Attorney-in-Fact and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Attorney-in-Fact shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer or transfer by a Partner Shareholder of the Partner’s Unitsall or portion of such Shareholder's Shares, except that, when the transferee of Units has been approved by the General Partner for admission that transfer thereof is permitted pursuant to the Partnership as a substituted Partnerterms of this Agreement, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Attorney-in-Fact to execute, acknowledge and file any instrument necessary to effect such transfer and the substitutionadmission of the Company of the transferee as the substituted Shareholder.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC)
Special Power of Attorney. (a) Each Partner Member irrevocably makes, constitutes and appoints the General Partner and each of the Officers and Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed pursuant to under Section 6.2 of this Agreement Agreement, with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the PartnerMember, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this Agreement;
(2) any amendment to the Certificate, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipFund; and
(3) all other such instruments, documents and certificates that, in the view of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner Board of Directors determines that the Partnership Fund should do business, or any political subdivision or agency of any such jurisdiction, or that legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the PartnerMember’s consent. Each Partner Member agrees that if an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, notwithstanding any objection that the Partner Member may assert with respect to the amendment or action, the attorneys-in-fact appointed under this Agreement are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 in any manner that may be necessary or appropriate to permit the amendment to be made or the action to be lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Officers and Directors, acting severally, and any liquidator of the PartnershipFund’s assets appointed under Section 6.2 of this Agreement, and as such the power of attorney:
(1) will be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person granting the power of attorney, regardless of whether the PartnershipFund, the General PartnerOfficers, the Directors or any liquidator has had notice of the death or incapacity; and
(2) will survive the delivery of a Transfer by a Partner Member of the Partner’s Unitsall or any part of its Interest, except that, when the transferee of Units an Interest has been approved by the General Partner Fund for admission to the Partnership Fund as a substituted Partnermember, or upon the withdrawal of a Member from the Fund in accordance with a periodic tender or otherwise, the power of attorney given by the transferor will survive the delivery of the assignment for the sole purpose of enabling the General PartnerOfficers, the Directors or any liquidator to execute, acknowledge and file any instrument necessary to effect the substitution and, upon completion of such substitution, will terminate (but, in the case of any transfer of a portion of an Interest, with respect to that portion of the Interest only).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Jp Morgan Access Multi-Strategy Fund LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsAdvisor, acting severally, and any liquidator of the Partnership’s assets appointed pursuant to Section 6.2 of this Agreement with full power of substitution, the true and lawful representatives representative and attorneysattorney-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipCompany; and
(3) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipCompany, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Company shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Company as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Company without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Company is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneysattorney-in-fact appointed under this Agreement are hereby is authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of attorney with a view to the orderly administration of the affairs of the PartnershipCompany.
(c) The This power of attorney contemplated by this Section 8.2 is a special power of attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Advisor and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the this power of attorney, regardless of whether the Partnership, the General Partner, the Directors or any liquidator has Advisor shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s all or portion of such Member's Units, except that, that when the transferee of Units thereof has been approved by the General Partner Board of Directors for admission to the Partnership Company as a substituted PartnerMember, the this power of attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Advisor to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsManager, acting severally, and any liquidator of the Partnership’s Lexington's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file file, and/or publish:
(1) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipLexington; and
(3) all such other such instruments, documents documents, and certificates that, in the view opinion of legal counsel to the PartnershipLexington, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Lexington shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement implement, and continue the valid existence and business of the Partnership Lexington as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Lexington without the Partner’s such Member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Lexington is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipLexington.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Managers and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Lexington or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s such Member's Units, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Lexington as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge acknowledge, and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Man Glenwood Lexington LLC)
Special Power of Attorney. (a) Each Partner Member and the Special Advisory Member hereby irrevocably makesmake, constitutes constitute and appoints the General Partner appoint PWAdmin and each of the Directors, acting severally, and any liquidator of the Partnership’s Fund's assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1) any amendment to this AgreementAgreement which complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2) any amendment to the Certificate, including, without limitation, any such amendment Certificate required to reflect any amendments to because this Agreement, and including, without limitation, an amendment to effectuate any change in Agreement is amended or as otherwise required by the membership of the PartnershipDelaware Act; and
(3) all other such instruments, documents and certificates thatwhich, in the view opinion of legal counsel to the PartnershipFund, from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Fund shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that which such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Fund as a limited partnership liability company under the Delaware Act.
(b) Each Partner is Member and the Special Advisory Member are aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Fund without the Partner’s such member's consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Fund is taken in the manner contemplated by this Agreement, each Member and the Special Advisory Member agree that, notwithstanding any objection that the Partner which such member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that which may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner is Member and the Special Advisory Member are fully aware that each Partner Member and the Special Advisory Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipFund.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner PWAdmin and each of the Directors, acting severally, and any liquidator of the Partnership’s assets Fund's assets, appointed under pursuant to Section 6.2 of this Agreementhereof, and as such the power of attorneysuch:
(1) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the PartnershipFund, the General Partner, the Directors Board or any liquidator has shall have had notice of the death or incapacitythereof; and
(2) will shall survive the delivery of a Transfer by a Partner Member of the Partner’s Unitswhole or any portion of such Member's Interest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Fund as a substituted PartnerMember, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment for the sole purpose of enabling the General Partner, the Directors Board or any liquidator to execute, acknowledge and file any instrument necessary to effect the such substitution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Pw Technology Partners LLC)
Special Power of Attorney. (a) Each Partner Member hereby irrevocably makes, constitutes and appoints the General Partner and each of the DirectorsDirector, acting severally, and any liquidator of the PartnershipPortfolio’s assets appointed pursuant to Section 6.2 of this Agreement hereof with full power of substitution, the true and lawful representatives and attorneys-in-fact of, and in the name, place and stead of, the Partnersuch Member, with the power from time to time to make, execute, sign, acknowledge, swear to, verify, deliver, record, file and/or publish:
(1i) any amendment to this AgreementAgreement that complies with the provisions of this Agreement (including the provisions of Section 8.1 hereof);
(2ii) any amendment to the CertificateCertificate required because this Agreement is amended, including, without limitation, any such amendment required to reflect any amendments to this Agreement, and including, without limitation, an amendment to effectuate any change in the membership of the PartnershipPortfolio; and
(3iii) all such other such instruments, documents and certificates that, in the view opinion of legal counsel to the PartnershipPortfolio, may from time to time may be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should Portfolio shall determine to do business, or any political subdivision or agency of any such jurisdictionthereof, or that such legal counsel may deem necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership Portfolio as a limited partnership liability company under the Delaware Act.
(b) Each Partner Member is aware that the terms of this Agreement permit certain amendments to this Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership Portfolio without the Partnersuch Member’s consent. Each Partner agrees that if If an amendment to the Certificate or this Agreement or any action by or with respect to the Partnership Portfolio is taken in the manner contemplated by this Agreement, each Member agrees that, notwithstanding any objection that the Partner such Member may assert with respect to the such action, the attorneys-in-fact appointed under this Agreement hereby are authorized and empowered, with full power of substitution, to exercise the authority granted in this Section 8.2 above in any manner that may be necessary or appropriate to permit the such amendment to be made or action lawfully taken or omitted. Each Partner Member is fully aware that each Partner Member will rely on the effectiveness of this special power of power-of-attorney with a view to the orderly administration of the affairs of the PartnershipPortfolio.
(c) The power of This power-of-attorney contemplated by this Section 8.2 is a special power of power-of-attorney and is coupled with an interest in favor of the General Partner and each of the Directors, acting severally, and any liquidator of the Partnership’s assets appointed under Section 6.2 of this Agreement, Directors and as such the power of attorneysuch:
(1i) will shall be irrevocable and continue in full force and effect notwithstanding the subsequent death or incapacity of any Person party granting the power of this power-of-attorney, regardless of whether the Partnership, the General Partner, the Directors Portfolio or any liquidator has Board shall have had notice of the death or incapacitythereof; and
(2ii) will shall survive the delivery of a Transfer by a Partner Member of the Partnerwhole or any portion of such Member’s UnitsInterest, except that, when that where the transferee of Units thereof has been approved by the General Partner Board for admission to the Partnership Portfolio as a substituted PartnerMember or upon the withdrawal of a Member from the Portfolio pursuant to a periodic tender, the power of this power-of-attorney given by the transferor will shall survive the delivery of the such assignment or withdrawal for the sole purpose of enabling the General Partner, the Directors or any liquidator Board to execute, acknowledge and file any instrument necessary to effect the substitutionsuch substitution or withdrawal.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Growth Capital TEI Portfolio, LLC)