Purpose of the Partnership. The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.
Purpose of the Partnership. The principal purpose of the Partnership is to act as the sole general partner or special limited partner (as the case may be) of each Fund and certain Voting Affiliated Feeder Funds pursuant to their respective Fund LP Agreements or other governing documents and to undertake such related and incidental activities and execute and deliver such related documents necessary or incidental thereto. The purpose of the Partnership shall be limited to serving as a general partner or special limited partner of direct investment funds, including any of their Affiliates, and the provision of investment management and advisory services.
Purpose of the Partnership. The Partnership has been organized to acquire the Land and the Apartment Complex located thereon and to develop, finance, own, rehabilitate, maintain, operate and sell or otherwise dispose of the Apartment Complex, in order to obtain long-term appreciation, cash income, Tax Credits and tax losses and to manage the Apartment Complex in a manner that provides and preserves safe, decent, affordable housing and needed supportive services.
Purpose of the Partnership. The purpose of the Partnership shall be to: (a) acquire and hold direct and indirect equity interests in Xxx, Transit, CanHoldco and, subject to the approval of the General Partner, any other Persons; (b) engage in any activity related to the capitalization and financing of the Partnership’s interests in such corporations and such other Persons; and (c) engage in any activity that is incidental to or in furtherance of the foregoing or any other business that it deems appropriate and that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized under the Act and this Agreement; provided, however, that, (i) except pursuant to Section 9.4, the Partnership shall not engage, directly or indirectly, in any business activity that the General Partner determines would cause the Partnership to be treated as an association taxable as a corporation under U.S. Treasury Regulations Section 301.7701-3 or Section 7704 of the Code; and (ii) the General Partner shall conduct the affairs of the Partnership in a manner that does not cause the Partnership or Partners, solely as a result of being a limited partner in the Partnership, (A) to be treated as engaged in a “commercial activity” (as defined in Section 892(a)(2)(A)(i) of the Code) or (B) to be treated as engaged in a “trade or business” within the United States for purposes of Section 864 of the Code.
Purpose of the Partnership. The purpose and business of the Partnership will be any business which lawfully may be conducted by a limited partnership formed pursuant to the Delaware Act, including primarily, but without limitation, to own, maintain, operate, improve and dispose of the Initial Assets, to pursue, finance, develop, construct, own, operate, and dispose of the Newly Acquired Assets and to do the same with respect to any additional facilities, and to conduct any other lawful business (together with such incidental and other activities related to or arising from the foregoing) as the General Partner, from time to time, deems necessary or appropriate to promote and maintain the assets and businesses of the Partnership, subject to Applicable Law.
Purpose of the Partnership. The purpose of the Partnership shall be to do any or all things that may lawfully be done by a limited partnership pursuant to the Act. The Partnership shall have any and all powers necessary or desirable to carry out the purpose and business of the Partnership to the extent the same may be legally exercised by limited partnerships under the Act. The partnership shall carry out the foregoing activities pursuant to the Certificate of Limited Partnership and this Agreement.
Purpose of the Partnership. The purpose of the Partnership is to prepare, approve and maintain globally applicable Technical Specifications and Technical Reports related to access-independent M2M Solutions. It is expected that such Technical Specifications and Technical Reports will be transposed into appropriate deliverables (e.g., standards).
Purpose of the Partnership. 2.1 Under Section 75 of the XXX Xxx 0000 powers are provided to enable health and local authority partners to work together more effectively. The specific powers this partnership intends to use are those which allow for integrated provision - the partners can join together their staff, resources, and management structures to integrate the provision of a service from managerial level to the front line.
2.2 This arrangement aims to deliver the Integrated Commissioning of Adult Social Care and certain Health Services outlined in Clause 8 dedicated to the St Helens population the following outcome:
2.3 Improvements to adult health and wellbeing through shared commissioning of an integrated model of assessment and service provision, focussed on improved delivery of outcomes for individuals, families and neighbourhoods.
2.4 This will be achieved through: • Colocation and shared management of staff • Co-ordinated commissioning of adult health and wellbeing services and co-location of teams • A shared work plan based on the priorities outlined in the St Helens Health and Wellbeing Strategy. • Maximising value for money. • Co-ordinated customer information systems
2.5 Through this arrangement the Partners intend to support the meeting of their responsibilities for strategic planning, commissioning and delivery of Adult Social Care and Health Services.
Purpose of the Partnership. The Partnership has been organized exclusively to develop the Apartment Development primarily so as to allocate to the Partners (i) tax losses and Tax Credit in the amount of the Projected Credit, (ii) Net Cash Flow in the maximum amount allowable for distribution under ADFA/HOME rules, and (iii) Sale or Refinancing Proceeds or Liquidation Proceeds in the maximum obtainable amount.
