Examples of General Partner in a sentence
Basis Limit: Ultimate Borrower: General Partner: Architect: General Contractor: Consultant: Property Management: To Be Determined Satellite AHA Development, Inc.
Upon the admission of a Subsequent Partner, the General Partner shall update the Token Schedule to take into account that person and the Capital Account of the Limited Partner shall, without further ado, be automatically ceded and assigned to the Subsequent Partner.
Each Limited Partner will be bound by any representation or action made or taken by the General Partner pursuant to the power of attorney granted herein and hereby waives any and all defenses which may be available to contest, negate or disaffirm any action of the General Partner taken in good faith under such power of attorney.
Should the General Partner elect not to appoint a Manager any fees payable by the Partnership to the Manager in terms of the Management Agreement shall be payable to the General Partner if it performs the management services itself.
The General Partner, on behalf of the Partnership, shall be entitled but not obligated to appoint the Manager as manager to the Partnership in terms of the Management Agreement, on and with effect from the Commencement Date.