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Common use of Managing Partner Clause in Contracts

Managing Partner. Whenever there is a Managing Partner, the Powers of Management shall be exercised only by the Managing Partner or by unanimous consent of the General Partners.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Weis Janet C), Limited Partnership Agreement (W E B Interests LTD), Limited Partnership Agreement (Bixby Joseph R)

Related Clauses

  • Managing Member
  • General Partner
  • General Partners
  • Limited Partner
  • Interest of Departing Partner and Successor General Partner

Parent Clauses

  • DEFINITIONS
  • Term
  • Management
  • Rights and Obligations of General Partner
  • Purpose

Sub-Clauses

  • The Managing Partners’ Remuneration
  • Appointment, resignation and removal from office
  • The Managing Partners’ Powers
  • Appointment
  • Resignation
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