The General Partner. The Partnership shall be managed by or under the sole direction of the General Partner. All decisions relating to the business and affairs of the Partnership shall be made, and all action proposed to be taken by or on behalf of the Partnership shall be taken, by or under the direction of the General Partner in its sole and absolute discretion and without the consent of the Limited Partners. All such decisions or actions made or taken by or under the direction of the General Partner hereunder shall be binding upon all of the Partners and the Partnership. All approvals, consents, or ratifications of actions taken by the General Partner required herein may be prospective or retroactive.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)
The General Partner. The Partnership shall be managed by or under the sole direction of the General Partner. All Unless otherwise specifically set forth herein, all decisions relating to the business and affairs of the Partnership shall be made, and all action proposed to be taken by or on behalf of the Partnership shall be taken, by or under the direction of the General Partner in its sole and absolute discretion and without the consent of the Limited Partners. All such decisions or actions made or taken by or under the direction of the General Partner hereunder shall be binding upon all of the Partners and the Partnership. All approvals, consents, or ratifications of actions taken by the General Partner required herein may be prospective or retroactive.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)
The General Partner. The Subject to the approval rights of the ITS Limited Partner set forth in Section 5(d) below, the Partnership shall be managed by or under the sole direction of the General Partner. All Unless otherwise set forth herein, all decisions relating to the business and affairs of the Partnership shall be made, and all action proposed to be taken by or on behalf of the Partnership shall be taken, by or under the direction of the General Partner in its sole and absolute discretion and without the consent of the Limited PartnersPartner. All such decisions or actions made or taken by or under the direction of the General Partner hereunder thereunder shall be binding upon all of the Partners and the Partnership. All Except as otherwise provided herein, all approvals, consents, or ratifications of actions such action taken by the General Partner required herein may be prospective or retroactive.
Appears in 1 contract
Samples: Limited Partnership Agreement (Inhale Therapeutic Systems Inc)
The General Partner. The Partnership shall be managed by or or, under the sole direction of the General Partner. All Unless otherwise specifically set forth herein, all decisions relating to the business and affairs of the Partnership shall be made, and all action proposed to be taken by or on behalf of the Partnership shall be taken, by or under the direction of the General Partner in its sole and absolute discretion and without the consent of the Limited Partners. All such decisions or actions made or taken by or under the direction of the General Partner hereunder shall be binding upon all of the Partners and the Partnership. All approvals, consents, or ratifications of actions taken by the General Partner required herein may be prospective or retroactive.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)