Limitation on Authority of Limited Partners Sample Clauses

Limitation on Authority of Limited Partners. The Limited Partner in its capacity as limited partner will not be entitled to:
Sample 1Sample 2Sample 3See All (48)
AutoNDA by SimpleDocs
Limitation on Authority of Limited Partners. ‌ A Limited Partner may from time to time inquire as to the state and progress of the business of the Partnership and may provide comment as to its management. However, no Limited Partner shall, except in his, her or its capacity as an officer, director, agent, or employee of the Partnership GP or an Affiliate thereof:
Sample 1Sample 2Sample 3See All (6)
Limitation on Authority of Limited Partners. With the exception of the General Partner and any person, including the Manager, acting on authority delegated by the General Partner, each of which may also be a Limited Partner, no Limited Partner shall:
Sample 1
Limitation on Authority of Limited Partners. No Limited Partner (other than any Limited Partner that is also the General Partner or who is also a director or officer of the General Partner) shall:
Sample 1

Related to Limitation on Authority of Limited Partners

  • Limitation on Authority A. Grantee shall not have any authority to act for or on behalf of the System Agency or the State of Texas except as expressly provided for in the Grant Agreement; no other authority, power, or use is granted or implied. Grantee may not incur any debt, obligation, expense, or liability of any kind on behalf of System Agency or the State of Texas.

  • Limitations on Authority (a) The authority of the Member over the conduct of the business affairs of the Company shall be subject only to such limitations as are expressly stated in this Agreement or in the Act.

  • Restrictions on Authority (a) Notwithstanding any other Section of this Agreement, the General Partner shall have no authority to perform any act in violation of any applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations or requirements of any Lender, the terms of such Regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), the General Partner, acting in its capacity as General Partner, shall not have the authority, without the Consent of the Special Limited Partner:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!