Common use of LIMITS ON GENERAL PARTNER'S POWERS Clause in Contracts

LIMITS ON GENERAL PARTNER'S POWERS. (a) Anything in this Agreement to the contrary notwithstanding, the General Partner shall not cause or permit the Partnership to: (i) acquire any assets other than as expressly provided herein; (ii) do any act that would make it impractical or impossible to carry on the ordinary business of the Partnership; (iii) possess Partnership property other than for a Partnership purpose; (iv) perform any act that would subject any Limited Partner to liability as a general partner in any jurisdiction; (v) engage in any activity that is not consistent with the purposes of the Partnership, as set forth in Section 2.3; or (vi) borrow money or become liable for the borrowings of any third party or to engage in any financial or other trade or business. (b) The General Partner shall not revoke any action previously authorized or approved by a vote of such Holders except by subsequent vote of the Holders of not less than 66 2/3% in Liquidation Preference of the Preferred Securities of such series.

LIMITS ON GENERAL PARTNER'S POWERS. (a) Anything in this Agreement to the contrary notwithstanding, the General Partner shall not cause or permit the Partnership to: (i) acquire any assets other than as expressly provided herein; (ii) do any act that which would make it impractical or impossible to carry on the ordinary business activity of the PartnershipPartnership as set forth in Section 2.3; (iii) possess Partnership property for other than for a Partnership purpose; (iv) admit a Person as a Partner, except as expressly provided in this Agreement; (v) make any advances of funds to the General Partner or its Affiliates, other than such as represented by the Affiliate Investment Instruments; (vi) perform any act that would subject any Limited Partner to liability as a general partner in any jurisdiction; (vvii) engage in any activity that is not consistent with the purposes of the Partnership, as set forth in Section 2.3; or; (viviii) borrow money or become liable for without the borrowings of any third party or to engage in any financial or other trade or business. (b) The General Partner shall not revoke any action previously authorized or approved by a vote of such Holders except by subsequent vote written consent of the Holders of not less than 66 66-2/3% in Liquidation Preference of the Partnership Preferred Securities of such series.Securities, have an order for relief entered with respect to the Partnership or