Common use of Power of Attorney Executed Concurrently Clause in Contracts

Power of Attorney Executed Concurrently. Concurrently with the written acceptance and adoption of the provisions of this Agreement, each Limited Partner shall execute and deliver to the General Partner a Power of Attorney as part of the Subscription Agreement, or in such other form as may be prescribed by the General Partner. Each Limited Partner, by its execution and delivery hereof, irrevocably constitutes and appoints the General Partner as the true and lawful attorney-in-fact and agent for such Limited Partner with full power and authority to act in his name and on his behalf in the execution, acknowledgment, filing and publishing of Partnership documents, which will include but not be limited to the following: (1) Any certificates and other instruments, including but not limited to a Certificate of Limited Partnership and amendments thereto and any applications for authority to do business and amendments thereto, which the General Partner deems appropriate to qualify or continue the Partnership as a limited partnership in the jurisdictions in which the Partnership may conduct business, so long as such qualifications and continuations are in accordance with the terms of this Agreement or any amendment hereto, or which may be required to be filed by the Partnership or the Partners under the laws of any jurisdiction; (2) Any other instrument which may be required to be filed by the Partnership under the laws of any state or by any governmental agency, or which the General Partner deems advisable to file; and (3) This Agreement and any documents which may be required to effect an amendment to this Agreement approved under the terms of the Agreement, and the continuation of the Partnership, the admission of the signer of the Power of Attorney as a Limited Partner or of others as additional or substituted Limited Partners, or the dissolution and termination of the Partnership, provided such continuation, admission or dissolution and termination is in accordance with the terms of this Agreement.