Common use of Authority of Limited Partner Clause in Contracts

Authority of Limited Partner. The Limited Partner shall not have any right or power to participate in the management or control of the business of the Partnership, to transact any business for the Partnership, or to sign for or bind the Partnership.

Authority of Limited Partner. The Limited Partner shall not have any right or power no authority (a) to participate take part in the management or control of the Partnership or of its business of the Partnership, or affairs or (b) to transact any business for the Partnership, or to sign act for or bind the PartnershipPartnership in any matter.

Authority of Limited Partner. The Limited Partner shall in its capacity as such does not have any right the power or power authority to participate in the management or control of the Partnership’s business of the Partnership, to transact any business for the Partnership, and affairs or to sign act for or bind the Partnership. The Limited Partner shall have the right to vote or consent with respect to a Partnership matter only when so provided in this Agreement or by any nonvariable provision of the Act.

Authority of Limited Partner. The Limited Partner shall not have any right take no part or power to otherwise participate in the management conduct or control of the the. Partnership business of the Partnership, and shall have no right or authority to transact any business act for the Partnership, or to sign for or bind the Partnership. The exercise of any of the rights and powers of the Limited Partner pursuant to the terms of this Agreement shall not be deemed taking part or otherwise participating in the day-to-day affairs of the Partnership or the exercise of control over Partnership affairs.