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Yes, and that's actually the most common use case

Partner You'll exile a card from each opponent who was dealt damage, not from all of your opponents

Not a rules text issue, but a minor change to the next set that might see their previous cards changed to be in line with this

While its controller is limited to one of these tokens per turn, this can still provide considerable value for a mere two mana

You can execute that whole infinite mana loop and then exile all your opponents nonland permanents using Preston's activated ability

On top of that, if you have mana to spare, you have the ability to Regenerate it in response to a traditional kill spell or board wipe