Common use of Proscriptions Clause in Contracts

Proscriptions. The General Partner shall not have the authority to: (a) Do any act in contravention of this Agreement; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such Person shall be fully protected in relying upon such authority.

Proscriptions. The General Partner shall not have the authority to: (a) Do any act in contravention of this AgreementAgreement or which would make it impossible to carry on the ordinary business of the Partnership; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such Person shall be fully protected in relying upon such authority.

Proscriptions. The General Partner shall not have the authority to: (a) Do any act in contravention of this Agreement; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.

Proscriptions. The Managing General Partner shall not have the authority to: (a) Do any act in contravention of this Agreement; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person doing business with the Partnership to inquire as to whether or not the Managing General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such Person shall be fully protected in relying upon such authority.

Proscriptions. The General Partner shall not have the authority toauthority: (a) Do to do any act in contravention of this AgreementAgreement or the Loan Documents or which would make it impossible to carry on the ordinary business of the Partnership, provided that a sale of the Property shall not be deemed to be such an act; (b) Possess to possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or (c) Do to do any act in contravention of applicable law. 27 Nothing herein contained shall impose any obligation on any Person or firm doing business with the Partnership to inquire as to whether or not the General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such third Person shall be fully protected in relying upon such authority.

Proscriptions. The Managing General Partner shall not have the authority to: (a) Do any act in contravention of this Agreement; (b) Possess any Partnership property or assign rights in specific Partnership property for other than Partnership purposes; or. (c) Do any act in contravention of applicable law. Nothing herein contained shall impose any obligation on any Person doing business with the Partnership to inquire as to whether or not the Managing General Partner has properly exercised its authority in executing any contract, lease, mortgage, deed or any other instrument or document on behalf of the Partnership, and any such Person shall be fully protected in relying upon such authority.