Common use of Management in General Clause in Contracts

Management in General. (a) Subject to the provisions of this Agreement, the management and control of the business of the Partnership shall be vested exclusively in the General Partner, and the General Partner shall have exclusive power and authority, in the name of and on behalf of the Partnership, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Partnership. No Partner other than the General Partner shall have the power to sign for or bind the Partnership to any agreement or document, but the General Partner may delegate the power to sign for or bind the Partnership to one or more Officers of the Partnership. The General Partner shall be authorized to act, and to execute documents and instruments alone on all material matters affecting the Partnership's business.