Common use of Survival of Power of Attorney Clause in Contracts

Survival of Power of Attorney. This power of attorney shall bind each Limited Partner, its heirs, executors, administrators and other legal representatives and the successors and assigns of such Limited Partner, notwithstanding the death, incapacity, dissolution, termination or bankruptcy of such Limited Partner. The granting of this power of attorney shall not terminate any continuing power of attorney previously granted by such Limited Partner and shall not be terminated by such Limited Partner on the execution of a continuing power of attorney in the future, and each Limited Partner xxxxxx agrees not to take any action in the future which results in the termination of this power of attorney. This power of attorney shall survive any dissolution or termination of the Partnership.