Activities of the Partnership Clause Samples

The "Activities of the Partnership" clause defines the scope and nature of the business operations that the partnership is authorized to undertake. It typically outlines the specific types of activities, services, or industries in which the partnership will engage, and may set boundaries to prevent partners from pursuing unrelated ventures under the partnership's name. By clearly delineating what the partnership can and cannot do, this clause ensures all partners have a shared understanding of the business's purpose and helps prevent disputes over unauthorized activities.
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Activities of the Partnership. ‌ The activities of the Partnership shall be restricted to directly or indirectly investing in Securities, including, without limitation, investing in and acquiring Shares, the ROC Share and any other class of shares that may be issued by the U.S. REIT from time to time, providing Limited Partners with cash distributions on a periodic basis derived from the income and net proceeds realized by the Partnership from such investments, and deriving income therefrom with a view to making a profit. The Partnership may also engage in such other necessary acts and conduct such other activities related or incidental to the foregoing as the Partnership GP shall in good ▇▇▇▇▇ ▇▇▇▇ necessary. The Partnership shall have the power to do any and every act and thing necessary, proper, convenient or incidental to the accomplishment of its business and purposes.
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Activities of the Partnership. The parties agree that from and after the date hereof:
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Activities of the Partnership. The activities of the Partnership shall be restricted to directly or indirectly investing in Securities, including, without limitation, investing in and acquiring Shares and, if issued, the ROC Share, providing Limited Partners with cash distributions on a periodic basis derived from the income and net proceeds realized by the Partnership from such investments, and deriving income therefrom with a view to making a profit. The Partnership may also engage in such other necessary acts and conduct such other activities related or incidental to the foregoing as the Partnership GP shall in good ▇▇▇▇▇ ▇▇▇▇ necessary. The Partnership shall have the power to do any and every act and thing necessary, proper, convenient or incidental to the accomplishment of its business and purposes.
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Activities of the Partnership. The Partnership shall engage in making investments. The investment objective of the Partnership shall be as determined by the General Partner and disclosed to the Limited Partners from time to time. The financial instruments available for investment and the strategies employed are not otherwise limited and shall be within the discretion of the Manager. Some or all of the Partnership’s assets may from time to time be invested in cash or other investments as the Manager may deem prudent in the circumstances. The activities of the Partnership shall include all things necessary or advisable to give effect to the Partnership’s investment intentions and objectives.
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Activities of the Partnership. The Partnership was organized to exclusively engage in the Business with only such necessary incidental operations as the maintenance of records and the purchase and disposition of property as may be necessary to the operation of the Partnership in that regard. The Partners agree that this provision may be amended by a Special Resolution.
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Activities of the Partnership. Upon the occurrence of a Dissolution Event, the continuing operation of the Partnership's business shall be confined to those activities reasonably necessary to wind up the Partnership's affairs, discharge its obligations, and preserve and distribute its assets.
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Activities of the Partnership. The Partnership does not engage and has not engaged in any business or activity of any nature other than such activities as set forth in its partnership agreements, certificates of partnership or other organizational documents, or in connection with the transactions reflected in the Commitments.
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Related to Activities of the Partnership

  • BUSINESS OF THE PARTNERSHIP The purpose and nature of the business to be conducted by the Partnership is (i) to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Act, provided, however, that such business shall be limited to and conducted in such a manner as to permit the General Partner at all times to qualify as a REIT, unless the General Partner otherwise ceases to qualify as a REIT, and in a manner such that the General Partner will not be subject to any taxes under Section 857 or 4981 of the Code, (ii) to enter into any partnership, joint venture, co-ownership or other similar arrangement to engage in any of the foregoing or the ownership of interests in any entity engaged in any of the foregoing and (iii) to do anything necessary or incidental to the foregoing. In connection with the foregoing, and without limiting the General Partner’s right in its sole and absolute discretion to qualify or cease qualifying as a REIT, the Partners acknowledge that the General Partner intends to qualify as a REIT for federal income tax purposes and upon such qualification the avoidance of income and excise taxes on the General Partner inures to the benefit of all the Partners and not solely to the General Partner. Notwithstanding the foregoing, the Limited Partners agree that the General Partner may terminate its status as a REIT under the Code at any time to the full extent permitted under the Charter. The General Partner on behalf of the Partnership shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code.

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Activities of the Manager The services of the Manager to the Fund hereunder are not to be deemed exclusive, and the Manager and any of its affiliates shall be free to render similar services to others. Subject to and in accordance with the Agreement and Declaration of Trust and By-Laws of the Trust and Section 10(a) of the 1940 Act, it is understood that trustees, officers, agents and shareholders of the Trust are or may be interested in the Manager or its affiliates as directors, officers, agents or stockholders; that directors, officers, agents or stockholders of the Manager or its affiliates are or may be interested in the Trust as trustees, officers, agents, shareholders or otherwise; that the Manager or its affiliates may be interested in the Fund as shareholders or otherwise; and that the effect of any such interests shall be governed by said Agreement and Declaration of Trust, By-Laws and the 1940 Act.

  • Activities of the Adviser The services of the Adviser to the Fund hereunder are not to be deemed exclusive, and the Adviser and any of its affiliates shall be free to render similar services to others. Subject to and in accordance with the Agreement and Declaration of Trust and By-Laws of the Trust and Section 10(a) of the 1940 Act, it is understood that trustees, officers, agents and shareholders of the Trust are or may be interested in the Adviser or its affiliates as directors, officers, agents or stockholders; that directors, officers, agents or stockholders of the Adviser or its affiliates are or may be interested in the Trust as trustees, officers, agents, shareholders or otherwise; that the Adviser or its affiliates may be interested in the Fund as shareholders or otherwise; and that the effect of any such interests shall be governed by said Agreement and Declaration of Trust, By-Laws and the 1940 Act.

  • Other Activities of the Advisor Except as set forth in this Section 14 , nothing herein contained shall prevent the Advisor or any of its Affiliates from engaging in or earning fees from other activities, including the rendering of advice to other Persons (including other REITs) and the management of other programs advised, sponsored or organized by the Sponsor or its Affiliates; nor shall this Agreement limit or restrict the right of any director, officer, member, partner, employee or stockholder of the Advisor or any of its Affiliates to engage in or earn fees from any other business or to render services of any kind to any other Person and earn fees for rendering such services; provided, however , that the Advisor must devote sufficient resources to the Company’s business to discharge its obligations to the Company under this Agreement. The Advisor may, with respect to any investment in which the Company is a participant, also render advice and service to each and every other participant therein, and earn fees for rendering such advice and service. Specifically, it is contemplated that the Company may enter into Joint Ventures or other similar co-investment arrangements with certain Persons, and pursuant to the agreements governing such Joint Ventures or arrangements, the Advisor may be engaged to provide advice and service to such Persons, in which case the Advisor will earn fees for rendering such advice and service. The Advisor shall report to the Board the existence of any condition or circumstance, existing or anticipated, of which it has knowledge, which creates or could create a conflict of interest between the Advisor’s obligations to the Company and its obligations to or its interest in any other Person. If the Advisor, Director or Affiliates thereof have sponsored other investment programs with similar investment objectives which have investment funds available at the same time as the Company, the Advisor shall inform the Board of the method to be applied by the Advisor in allocating investment opportunities among the Company and competing investment entities and shall provide regular updates to the Board of the investment opportunities provided by the Advisor to competing programs in order for the Board (including the Independent Directors) to fulfill its duty to ensure that the Advisor and its Affiliates use their reasonable best efforts to apply such method fairly to the Company.