Common use of Absence of Control Over Partnership Business Clause in Contracts

Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners of the powers conferred on them by this Agreement. No Limited Partner (except one who may also be a General Partner) shall participate in or have any control over the Partnership business or have any right or authority to act for or to bind the Partnership. No Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his Capital Contribution returned except as provided in this Agreement.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Krupp Realty Fund LTD Iii), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii)

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Absence of Control Over Partnership Business. The Limited Partners and Unitholders hereby consent to the exercise by the General Partners of the powers conferred on them by this Agreement. No Limited Partner or Unitholder (except one who may also be a General Partner, and then only in his capacity as General Partner) shall participate in or have any control over the Partnership business or have any right or authority to act for or to bind the Partnership. No Limited Partner or Unitholder shall have the right to have the Partnership dissolved and liquidated or to have his Capital Contribution returned except as provided in this Agreement.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Krupp Cash Plus Ii LTD Partnership), Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership), Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership)

Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners of the powers conferred on them by this Agreement. No Limited Partner (except one who may also be a General Partner, and then only in his capacity as General Partner) shall participate in or have any control over the Partnership business or have any right or authority to act for or to bind the Partnership. No Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his Capital Contribution returned except as provided in this Agreement.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Krupp Realty LTD Partnership V), Agreement of Limited Partnership (Krupp Realty LTD Partnership V)

Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners Partner of the powers conferred on them the General Partner by this Agreement. No Limited Partner (except one who may also be a General Partner) shall participate in or have any control over the Partnership Partnership's business or have any right or authority to act for for, or to bind or otherwise obligate, the PartnershipPartnership (except one who is also the General Partner, and then only in its capacity as the General Partner). No Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his all or any part of such Limited Partner's Capital Contribution or Capital Account returned except as provided in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Icon Holdings Corp)

Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners Partner of the powers conferred on them the General Partner by this Agreement. No Limited Partner (except one who may also be a General Partner) shall participate in in, or have any control over over, the Partnership Partnership’s business or Real Estate Investments, nor have any right or authority to act for for, or to bind or otherwise obligate, the Partnership. No Except as otherwise provided in this Agreement, no Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his all, or any part of, the Limited Partner’s Subscription Funds, Capital Contribution or Capital Account returned except as provided in this Agreementto the Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Resource Real Estate Investors 7, L.P.)

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Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners Partner of the powers conferred on them the General Partner by this Agreement. No Limited Partner (except one who may also be a General Partner) shall participate in or have any control over the Partnership Partnership's business or have any right or authority to act for for, or to bind or otherwise obligate, the PartnershipPartnership (except one who is also a General Partner, and then only in its capacity as a General Partner). No Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his all or any part of such Limited Partner's Capital Contribution or Capital Account returned except as provided in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lease Equity Appreciation Fund II, L.P.)

Absence of Control Over Partnership Business. The Limited Partners and Unitholders hereby consent to the exercise by the General Partners of the powers conferred on them by this Agreement. No Limited Partner or Unitholder (except one who may also be a General Partner, and then only in his capacity as General Partner) shall participate in or have any control over the Partnership business or have any right or authority to act for or to bind the Partnership. No Limited Partner or Unitholder shall have the right to have the Partnership dissolved and liquidated or to have his Capital Contribution Contribution, returned except as provided in this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Krupp Cash Plus LTD Partnership)

Absence of Control Over Partnership Business. The Limited Partners hereby consent to the exercise by the General Partners Partner of the powers conferred on them the General Partner by this Agreement. No Limited Partner (except one who may also be a General Partner) shall participate in in, or have any control over over, the Partnership Partnership’s business or Real Estate Investments, nor have any right or authority to act for for, or to bind or otherwise obligate, the Partnership. No Except as otherwise provided in this Agreement, no Limited Partner shall have the right to have the Partnership dissolved and liquidated or to have his all, or any part of, the Limited Partner’s Subscription Funds, Capital Contribution returned except as provided in this Agreementor Capital Account returned.

Appears in 1 contract

Samples: Limited Partnership Agreement (Resource Real Estate Investors 6 LP)

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