Common use of Management and Control of Partnership Clause in Contracts

Management and Control of Partnership. Except as otherwise expressly provided or limited by the provisions of this Agreement (including, without limitation, the provisions of Article VIII), the Managing General Partner shall have full, exclusive, and complete discretion to manage and control the business and affairs of the Partnership and the Operating Partnership, to make all decisions affecting the business and affairs of the Partnership and the Operating Partnership, and to take all such actions as it deems necessary or appropriate to accomplish the purposes of the Partnership and the Operating Partnership as set forth herein and in the Operating Partnership Agreement. The Managing General Partner shall use reasonable efforts to carry out the purposes of the Partnership and shall devote to the management of the business and affairs of the Partnership and the Operating Partnership such time as the Managing General Partner, in its reasonable discretion, shall deem to be reasonably required for the operation thereof. No Limited Partner or Assignee shall have any authority, right, or power to bind the Partnership or the Operating Partnership, or to manage or control, or to participate in the management or control of, the business and affairs of the Partnership or the Operating Partnership in any manner whatsoever.

Management and Control of Partnership. Except Subject to the limitations of Section 7.03, and except as otherwise expressly provided or limited by the provisions of this Agreement (including, without limitationAgreement, the provisions of Article VIII), the Managing General Partner shall have fullthe exclusive right and full authority to manage, exclusiveconduct, control and complete discretion to manage and control operate the business and affairs of the Partnership and the Operating Partnership, to make all decisions affecting the business and affairs of the Partnership and the Operating Partnershippartnership, and to take all such actions as it deems necessary or appropriate to accomplish the purposes of the Partnership and the Operating Partnership as set forth herein and in the Operating Partnership Agreementherein. The Managing General Partner shall use reasonable efforts to carry out the purposes of the Partnership and shall devote to the management of the business and affairs of the Partnership and the Operating Partnership such time as the Managing General Partner, in its reasonable discretion, shall deem to be reasonably required for the operation thereof. No Neither the General Partner nor its officers or directors shall be required to devote full time to the business or affairs of the Partnership. Except as otherwise expressly set forth in this Agreement, no Limited Partner or Assignee Partner, in his capacity as such, shall have any authority, right, or power to bind the Partnership or the Operating Partnership, or to manage or controlmanage, or to participate in the management or control of, the business and affairs of the Partnership or the Operating Partnership in any manner whatsoever.