The General Partners. The determination of the value of the repurchased Units will be based upon, among other factors, the current fair market value of the Facilities and the Fund Property, less all Fund debts and obligations. The Fund will not repurchase Units prior to the Termination Date of the Offering and is not obligated to repurchase Units at any time. Units acquired by the General Partners and their Affiliates or by the Assignor Limited Partner will not be eligible for repurchase by the Fund. Units purchased by the Fund during any month shall be deemed canceled effective as of the first day of the month following the effective date of such purchase.
The General Partners. 9.1 The General Partners shall have complete discretion in the management and control of the business of the Partnership for the purposes herein stated, shall make all decisions affecting the business of the Partnership and shall manage and control the affairs of the Partnership to the best of their abilities and use their best efforts to carry out the purposes of the Partnership. The powers of the General Partners include, but are not limited to, the powers:
The General Partners. The General Partners of the Partnership shall be TCC and Lehigh. Except as otherwise expressly provided herein or as required by law, the business of the Partnership shall be managed, conducted and controlled by the General Partners through the Management Committee and by delegation of authority to the officers of the Partnership as provided herein.
The General Partners. The General Partners of the Partnership shall be TLCC GP and Lehigh GP. Except as otherwise expressly provided herein or as required by law, the business of the Partnership shall be managed, conducted and controlled by the General Partners through the Management Committee and by delegation of authority to the officers of the Partnership as provided herein."
The General Partners. The General Partners shall have exclusive control of the business of the Partnership and shall have all the rights and powers of a general partner in a partnership without limited partners. Except as otherwise required under this Agreement, all actions taken on behalf of the Partnership shall be determined by the vote or consent of Two-Thirds in Interest of the General Partners. Notwithstanding the foregoing, no third party need question the authority of any General Partner acting alone to bind and act for the Partnership, except as otherwise provided under the Partnership Act.
The General Partners. (a) No General Partner has ever (i) made a general assignment for the benefit of creditors, (ii) filed, or had filed against such General Partner, any bankruptcy petition or similar filing, (iii) suffered the attachment or other judicial seizure of all or a substantial portion of such General Partner's assets, (iv) admitted in writing such General Partner's inability to pay his or her debts as they become due, or (v) taken or been the subject of any action that may have an adverse effect on his ability to comply with or perform any of his covenants or obligations under any of the Transactional Agreements.
The General Partners. (a) Except as otherwise provided in this Agreement, the business and affairs of the Partnership shall be managed by and under the direction of the General Partners. A General Partner may execute on behalf of the Partnership all instruments, documents and contracts, exercise all of the powers of the Partnership, and do all such lawful acts and things, that are not by law, the Certificate or this Agreement directed or required to be exercised or done by the Limited Partners. Any decision or act of a General Partner within the scope of its power and authority granted hereunder shall control and shall bind the Partnership. No Limited Partner, in such capacity (except one who may also be a General Partner and then only in such capacity), shall have any authority to participate in the control of the business of the Partnership or act for or bind the Partnership, except as part of an action of the Partners as specifically authorized or required by this Agreement.
The General Partners. The decision of a majority of the General Partners.
The General Partners
