Common use of Borrowing Power Clause in Contracts

Borrowing Power. Without limiting the generality of Section 11.2, and subject to Section 11.4, the General Partner has full power and exclusive authority for and on behalf of the Partnership to borrow money for the business of the Partnership and, from time to time, without limit as to amount, to draw, make, execute and issue promissory notes, evidences of indebtedness and other negotiable or non-negotiable instruments, secure the payment of the sums so borrowed, mortgage, pledge, charge, assign and hypothecate, or assign in trust all or any part of or any interest in the undertaking, property or assets of the Partnership or assign any money owing or to be owing to the Partnership and to engage in any other means of financing.

Borrowing Power. Without limiting the generality of Section 11.2, section 9.4 and subject to Section 11.4section 6.4, the General Partner has full power and exclusive authority for and on behalf of the Partnership to borrow money for the business of the Partnership and, from time to time, without limit as to amount, to draw, make, execute and issue promissory notes, evidences of indebtedness and other negotiable or non-negotiable instruments, secure the payment of the sums so borrowed, mortgage, pledge, charge, assign and hypothecate, or assign in trust all or any part of or any interest in the undertaking, property or assets of the Partnership or assign any money owing or to be owing to the Partnership and to engage in any other means of financing.