Management and Operations of Business. Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.
Management and Operations of Business. 30 Section 7.1 Management .............................................................. 30 Section 7.2 Certificate of Limited Partnership ...................................... 34 Section 7.3 Restrictions on General Partner's Authority ............................. 34 (i) 3 Section 7.4 Reimbursement of the Crescent Group ..................................... 35 Section 7.5 Outside Activities of the Crescent Group ................................ 35 Section 7.6 Contracts with Affiliates ............................................... 36 Section 7.7 Indemnification ......................................................... 36 Section 7.8 Liability of the General Partner ........................................ 39 Section 7.9 Other Matters Concerning the General Partner ............................ 39 Section 7.10 Title to Partnership Assets ............................................ 40 Section 7.11 Reliance by Third Parties .............................................. 40 Section 7.12 Limited Partner Representatives ........................................ 41
Management and Operations of Business. 15 Section 7.1 Management.............................................................. 15 Section 7.2 Certificate of Limited Partnership...................................... 16 Section 7.3 Restrictions on General Partner's Authority...........................
Management and Operations of Business. 34 Section 7.1. Management....................................................................34
Management and Operations of Business. 26 7.1 Management........................................................ 26 7.2 Certificate of Limited Partnership................................ 29 7.3 Reimbursement of the General Partner.............................. 29 7.4 Acquisition of Limited Partner Interests by the General Partner... 30 7.5 Transactions with Affiliates...................................... 30 7.6 Indemnification................................................... 31 7.7 Liability of the General Partner.................................. 34 7.8 Other Matters Concerning the General Partner...................... 34 7.9 Title to Partnership Assets....................................... 35 7.10
Management and Operations of Business. 25 Section 7.1 Management ............................................... 25 Section 7.2 Certificate of Limited Partnership ....................... 29 Section 7.3 Reimbursement of the General Partner and the Company ...
Management and Operations of Business. Section 7.1
Management and Operations of Business. 7.1 MANAGEMENT -25-
(a) Management By the General Partner. Except as otherwise expressly provided in this Agreement, full, complete and exclusive discretion to manage and control the business and affairs of the Partnership are and shall be vested in the General Partner, and no Limited Partner other than the Advisor 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.
(b) Power and Authority of the General Partner. 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 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 3.2 hereof and to effectuate the purposes set forth in Section 3.1 hereof, including, without limitation:
(A) the making of any expenditures, the lending or borrowing of money (including, without limitation, making prepayments on loans and borrowing money to permit the Partnership to make distributions to its Partners in such amounts as will permit the Company (so long as the Company qualifies as a REIT) to (1) avoid the payment of any federal income or excise tax (including any excise tax pursuant to Section 4981 of the Code) and (2) make distributions to the Company in amounts sufficient to permit the Company to maintain REIT status), (B) the assumption or guarantee of, or other contracting for, indebtedness and other liabilities, (C) the issuance of any evidence of indebtedness (including the securing of the same by deed, mortgage, deed of trust or other lien or encumbrance on the Partnership's assets), and (D) the incurring of any obligations it deems necessary for the conduct of the activities of the Partnership, including the payment of all expenses associated with the General Partner;
(ii) the making of tax, regulatory and other filings, or rendering of periodic or other reports to governmental or other agencies having jurisdiction over the business or assets of the Partnership, the General Partner or the Company;
(iii) the acquisition, disposition, mortgage, pledge, encumbrance, hypothecation or exchange of any assets, including Real Estate Assets, of the Partnership (including the exer...
Management and Operations of Business. 31 Section 7.1 Management............................................................................ 31 Section 7.2 Certificate of Limited Partnership.................................................... 35 Section 7.3 Restrictions on General Partner's Authority........................................... 35 Section 7.4 Reimbursement of the Crescent Group................................................... 35 Section 7.5 Outside Activities of the Crescent Group.............................................. 36 Section 7.6 Contracts with Affiliates............................................................. 37 Section 7.7 Indemnification....................................................................... 37 Section 7.8 Liability of the General Partner...................................................... 39 Section 7.9 Other Matters Concerning the General Partner.......................................... 40 Section 7.10 Title to Partnership Assets........................................................... 41 Section 7.11 Reliance by Third Parties............................................................. 41 Section 7.12 Limited Partner Representatives....................................................... 41 ARTICLE VIII RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS.......................................................... 42 Section 8.1 Limitation of Liability............................................................... 42 Section 8.2 Management of Business................................................................ 42 Section 8.3 Outside Activities of Limited Partners................................................ 42 (ii) Section 8.4 Return of Capital..................................................................... 42 Section 8.5 Rights of Limited Partners Relating to the Partnership................................ 43 Section 8.6 Exchange Rights....................................................................... 44 Section 8.7 Covenants Relating to the Exchange Rights............................................. 44 Section 8.8 Other Matters Relating to the Exchange Rights......................................... 45 ARTICLE IX BOOKS, RECORDS, ACCOUNTING AND REPORTS................................................................ 46 Section 9.1 Records and Accounting................................................................ 46 Section 9.2 Fiscal Year........................................................................... 46 Section 9.3...
Management and Operations of Business. Section 8.1 Management. . . . . . . . . . . . . . . . . . . 23 Section 8.2
