Common use of Specific Powers of the General Partner Clause in Contracts

Specific Powers of the General Partner. Subject to the other provisions of this Agreement, the General Partner, in the Partnership's name and on its behalf, may: (a) employ, contract and otherwise deal with, from time to time, Persons whose services are necessary or appropriate in connection with management and operation of the Partnership business, including, without limitation, contractors, agents, brokers, Accountants and Management Agents (provided that the selection of any Accountant or Management Agent has received the Consent of the Special Limited Partner and HUD where applicable) and attorneys, on such terms as the General Partner shall determine within the scope of this Agreement; (b) pay as a Partnership expense any and all costs and expenses associated with the formation, development, organization and operation of the Partnership, including the expense of annual audits, tax returns and LIHTC compliance; (c) deposit, withdraw, invest, pay, retain and distribute the Partnership's funds in a manner consistent with the provisions of this Agreement, subject to the obligations and limitations imposed by the HAP Contract; (d) execute the Mortgage; and (e) execute, acknowledge and deliver any and all instruments to effectuate any of the foregoing.

Specific Powers of the General Partner. Subject to the other provisions of this Agreement, the General Partner, in the Partnership's name and on its behalf, may: (a) employ, contract and otherwise deal with, from time to time, Persons whose services are necessary or appropriate in connection with management and operation of the Partnership business, including, without limitation, contractors, agents, brokers, Accountants and Management Agents (provided that the selection of any Accountant or Management Agent has received the Consent of the Special Limited Partner and HUD where applicable) and attorneys, on such terms as the General Partner shall determine within the scope of this Agreement; (b) pay as a Partnership expense any and all costs and expenses associated with the formation, development, organization and operation of the Partnership, including the expense of annual audits, tax returns and FEDERAL LIHTC compliance; (c) deposit, withdraw, invest, pay, retain and distribute the Partnership's funds in a manner consistent with the provisions of this Agreement, subject to the obligations and limitations imposed by the HAP Contract; (d) execute the Mortgage; and (e) execute, acknowledge and deliver any and all instruments to effectuate any of the foregoing.