Common use of Business Control Clause in Contracts

Business Control. The Limited Partner shall not participate in or have any control over the Partnership business, except as specifically set forth in this Agreement or as required by law. The Limited Partner hereby consents to the exercise by the General Partner of the powers conferred upon it by this Agreement and to the employment, when, if in the discretion of the General Partner, the same is deemed necessary or advisable, of such employees, agents, attorneys or other professionals as the General Partner may determine (notwithstanding that any parties to this Agreement may have an interest in, or be one of, such employees, agents, attorneys or other professionals). The Limited Partner shall not have any authority or right to act for or bind the Partnership.

Business Control. The No Limited Partner shall not participate in or have any control over the Partnership business, except as specifically set forth in this Agreement or as required by law. The Limited Partner Partners hereby consents consent to the exercise by the General Partner of the powers conferred upon on it by this Agreement and to the employment, when, when and if in the discretion of the General Partner, Partner the same is deemed necessary or advisable, of such employeesbrokers, agents, agents or attorneys or other professionals as the General Partner may determine (notwithstanding that any parties to this Agreement may have an interest in, or be one of, such employeesbrokers, agents, attorneys agents or other professionalsattorneys). The No Limited Partner shall not have any authority or right to act for or bind the Partnership.

Business Control. The No Limited Partner shall not participate in or have any control over the Partnership business, except as specifically set forth in this Agreement or as required by law. The Limited Partner Partners hereby consents consent to the exercise by the General Partner of the powers conferred upon on it by this Agreement and to the employment, when, when and if in the discretion of the General Partner, Partner the same is deemed necessary or advisable, of such employeesbrokers, agents, agents or attorneys or other professionals as the General Partner Partner, may determine (notwithstanding that any parties to this Agreement may have an interest in, or be one of, such employeesbrokers, agents, attorneys agents or other professionalsattorneys). The No Limited Partner shall not have any authority or right to act for or bind the Partnership.