Power Coupled With an Interest Sample Clauses

Power Coupled With an Interest. The grant of authority by each Limited Partner in Section 18.01: (i) is a special power of attorney coupled with an interest in favor of the attorneys-in-fact, shall be irrevocable and shall survive the death, incapacity, insolvency, dissolution or termination of the Limited Partner; (ii) may be exercised for the Limited Partner by a single listing or signature of the Limited Partner’s name by any one of the attorneys-in-fact or by listing, referring to or signing the names of all of the Limited Partners, including the Limited Partner, and by executing any instrument with a single signature of any one of the attorneys-in-fact acting as attorney-in-fact for all of the Limited Partners; and (iii) shall survive the Assignment by any Limited Partner of the whole or any portion of the Limited Partner’s Units, provided that if any Assignee of all of a Limited Partner’s Units has furnished a power of attorney to the General Partner that complies with the provisions of Section 18.01, or otherwise has agreed to be bound by Section 18.01, and the admission to the Partnership of the Assignee as a Substitute Limited Partner has been approved by the General Partner, this power of attorney shall survive the Assignment with respect to the assignor Limited Partner for the sole purpose of enabling the attorneys-in-fact to execute, acknowledge and file any instrument necessary to effect the Assignment and admission of the Assignee as a Substitute Limited Partner and shall thereafter terminate with respect to the assignor Limited Partner.

Power Coupled With an Interest. The appointment by Special Limited Partner of each IPT Partner as attorney-in-fact shall be deemed to be a power coupled with an interest, in recognition of the fact that the Special Limited Partner will be relying upon the power of each IPT Partner to act as contemplated by this Agreement in any filing and other action by it on behalf of the Special Limited Partner, and shall survive, and not be affected by, the subsequent bankruptcy, death, incapacity, disability, adjudication of incompetence or insanity or dissolution of the Special Limited Partner hereby giving such power and the transfer or assignment of all or any part of the Special Limited Partner’s Interest; provided, however, that the foregoing power of attorney of each IPT Partner shall survive only until such time as all required documents and instruments shall have been duly executed, filed and recorded to consummate the Sale.

Power Coupled With an Interest. The power of attorney granted pursuant to Section 10.01 shall be deemed to be a power coupled with an interest, and shall survive the death, legal incapacity, or insolvency of a Limited Partner or the delivery of an assignment of a Partnership Interest hereunder.

Power Coupled With an Interest. The power of attorney granted to the Collateral Trustee under Section 3.1 hereof is a power coupled with an interest and shall be irrevocable.

Power Coupled With an Interest. The foregoing grant of authority: (i) is a special power of attorney coupled with an interest in favor of the General Partners and as such shall be irrevocable and shall survive the death or insanity of each Limited Partner; (ii) may be exercised for each Limited Partner by a signature of any General Partner of the Partnership or by listing the names of all of the Limited Partners, including such Limited Partner, and executing any instrument with a single signature of any General Partner acting as attorney-in-fact for all of them; and (iii) shall survive the Assignment by any Limited Partner of the whole or any portion of his Interest (including the assignment by the Corporate Limited Partner to the Unitholders under Section 7.6 hereof), except that, where the assignee of the whole thereof has furnished a power of attorney and has been approved by the General Partners for admission to the Partnership as a Substitute Limited Partner, this power of attorney shall survive such Assignment with respect to the assignor for the sole purpose of enabling a General Partner to execute, acknowledge and file any instrument necessary to effect such substitution and shall thereafter terminate with respect to any Partner who assigns his entire Interest.

Power Coupled With an Interest. The foregoing power-of-attorney shall be deemed to be coupled with an interest and shall survive the delivery of an assignment by a Limited Partner of the whole or any portion of its Units, except that where an assignee of such Units has been approved by the General Partners as a substituted Limited Partner, then the foregoing power-of-attorney of the assignor Limited Partner shall survive the delivery of such assignment for the sole purpose of enabling the General Partners to execute, acknowledge and file any and all instruments necessary to effectuate such substitution.

Power Coupled With an Interest. The proxies and powers granted by the Buyer and the Company pursuant to this Agreement are coupled with an interest and are given to secure the performance of the Buyer and the Company under this Agreement.

Power Coupled With an Interest. The foregoing grant of authority by each Limited Partner: (a) is a special power of attorney coupled with an interest in favor of such attorney-in-fact and as such shall be irrevocable and shall survive the death, incapacity, insolvency, dissolution or termination of such Limited Partner; (b) may be exercised for such Limited Partner by a signature of such attorney-in-fact or by listing or referring to the names of all of the Limited Partners, including such Limited Partner, and executing any instrument with a single signature of any one of such attorneys-in-fact acting as attorney-in-fact for all of them; and (c) shall survive the Assignment by any Limited Partner of the whole or any portion of such Limited Partner's Partnership Interest, provided that, if -------- any Assignee of an entire Partnership Interest shall have furnished to the General Partner a power of attorney complying with the provisions of Section 15.1 of this Agreement and the admission to the Partnership of such Assignee as a Substitute Limited Partner shall have been approved by the General Partner, this power of attorney shall survive such Assignment with respect to the assignor Limited Partner for the sole purpose of enabling such attorneys-in-fact to execute, acknowledge and file any instrument necessary to effect such Assignment and admission and shall thereafter terminate with respect to such Limited Partner.

Power Coupled With an Interest. The power-of-attorney given in Section 9.05 shall be a power coupled with an interest which, together with the license given in Section 9.04, cannot be revoked until the Completion of the Improvements in accordance with this Agreement.