Common use of Xxxxxx of General Partner Clause in Contracts

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if the Shares (or comparable equity securities)of the General Partner Entity are not Publicly Traded, the General Partner maybe removed with cause with the Consent of the Limited Partners. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 and 7.11 below, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 hereof and to effectuate the purposes set forth in Section 3.01 hereof, including, without limitation:

Appears in 3 contracts

Samples: Gramercy Capital Corp, Gramercy Capital Corp, Gramercy Capital Corp

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Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if the Shares (or comparable equity securities)of securities) of the General Partner Entity are not Publicly Traded, the General Partner maybe may be removed with cause with the Consent of the Limited Partners. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 and 7.11 below, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 hereof and to effectuate the purposes set forth in Section 3.01 hereof, including, without limitation:

Appears in 2 contracts

Samples: Fourth (Gramercy Property Trust Inc.), Gramercy Property Trust

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if the Shares (or comparable equity securities)of securities) of the General Partner Entity are not Publicly Traded, the General Partner maybe may be removed with cause with the Consent of the Outside Limited Partners. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 7.6 and 7.11 below, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 3.2 hereof and to effectuate the purposes set forth in Section 3.01 3.1 hereof, including, without limitation:

Appears in 2 contracts

Samples: Sl Green Realty Corp, Mendik Co Inc

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; providedPROVIDED, howeverHOWEVER, that if the Shares (or comparable equity securities)of securities) of the General Partner Entity are not Publicly Traded, the General Partner maybe may be removed with cause with the Consent of the Outside Limited Partners. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 7.6 and 7.11 below, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 3.2 hereof and to effectuate the purposes set forth in Section 3.01 3.1 hereof, including, without limitation:

Appears in 2 contracts

Samples: Sl Green Realty Corp, Sl Green Realty Corp

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if except with the Shares (or comparable equity securities)of consent of the General Partner Entity are not Publicly TradedPartner, which can be withheld in the General Partner maybe removed with cause with the Consent of the Limited PartnersPartner’s sole and absolute discretion. In addition to the powers now or hereafter granted to a general partner of a limited partnership under applicable law or which that are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 Section 7.3 and 7.11 belowSection 7.5.A hereof, shall have full and exclusive power and authority to do all things deemed necessary necessary, desirable or desirable convenient by it in its sole and absolute discretion to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 3.2 hereof and to effectuate the purposes set forth in Section 3.01 3.1 hereof, including, without limitation:

Appears in 2 contracts

Samples: Limited Partnership Agreement (Clipper Realty Inc.), www.sec.gov

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Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if the Shares (or comparable equity securities)of securities) of the General Partner Entity are not Publicly Traded, the General Partner maybe removed with cause with the Consent of the Limited Partners. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 and 7.11 below, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 hereof and to effectuate the purposes set forth in Section 3.01 hereof, including, without limitation:

Appears in 2 contracts

Samples: Gramercy Property Trust Inc., Gramercy Capital Corp

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the Partnership. The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if except with the Shares (or comparable equity securities)of consent of the General Partner Entity are not Publicly TradedPartner, which can be withheld in the General Partner maybe removed with cause with the Consent of the Limited PartnersPartner’s sole and absolute discretion. In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 Section 7.3 and 7.11 belowSection 7.5.A hereof, shall have full and exclusive power and authority to do all things deemed necessary necessary, desirable or desirable convenient by it in its sole and absolute discretion to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 3.2 hereof and to effectuate the purposes set forth in Section 3.01 3.1 hereof, including, without limitation:

Appears in 1 contract

Samples: Limited Partnership Agreement (Forest City Realty Trust, Inc.)

Xxxxxx of General Partner. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Partnership are and shall be exclusively vested in the General Partner, and no Limited Partner shall have any right to participate in or exercise control or management power over the business and affairs of the PartnershipPartnership (it being acknowledged that the General Partner may hold Limited Partnership Interests and continue to act in the capacity as the General Partner). The General Partner may not be removed by the Limited Partners with or without cause; provided, however, that if cause (unless the Shares (or comparable equity securities)of of the General Partner Entity corresponding to Partnership Units are not Publicly Traded, in which case the General Partner maybe may be removed with or without cause with by the Consent of the Partners holding Partnership Interests representing more than fifty percent (50%) of the Percentage Interest of the Limited PartnersPartnership Interests, including the Limited Partnership Interests that are held by the General Partner or any General Partner Entity). In addition to the powers now or hereafter granted a general partner of a limited partnership under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Sections 7.06 and 7.11 belowSection 7.11, shall have full power and authority to do all things deemed necessary or desirable by it to conduct the business of the Partnership, to exercise all powers set forth in Section 3.02 hereof 3.2 and to effectuate the purposes set forth in Section 3.01 hereof3.1, including, without limitation:

Appears in 1 contract

Samples: Gadsden Growth Properties, Inc.

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