Limitation on Authority of Limited Partners. No Limited Partner will: (a) take part in the administration, control, management or operation of the business of the Partnership or exercise any power in connection with that control or management or transact business on behalf of the Partnership; (b) execute any document which binds or purports to bind any other Partner or the Partnership; (c) hold that Limited Partner out as having the power or authority to bind any other Partner or the Partnership; (d) have any authority or power to act for or undertake any obligation or responsibility on behalf of any other Partner or the Partnership; (e) bring any action for partition or sale or otherwise in connection with the Partnership, or any interest in any property of the Partnership, whether real or personal, tangible or intangible, or file or register or permit to be filed, registered or remain undischarged any lien or charge in respect of any property of the Partnership; or (f) compel or seek a partition, judicial or otherwise, of any of the assets of the Partnership distributed or to be distributed to the Partners in kind in accordance with this Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Restaurant Brands International Inc.), Limited Partnership Agreement (Restaurant Brands International Inc.), Arrangement Agreement and Plan of Merger (Burger King Worldwide, Inc.)
Limitation on Authority of Limited Partners. (1) No Limited Partner willshall:
(a) take part in the administration, control, management or operation of the business of the Partnership or exercise any power in connection with that control or management therewith or transact business on behalf of the Partnership;
(b) execute any document which binds or purports to bind any other Partner or the Partnership;
(c) hold that Limited Partner himself, herself or itself out as having the power or authority to bind any other Partner or the Partnership;
(d) have any authority or power to act for or undertake any obligation or responsibility on behalf of any other Partner or the Partnership;
(e) bring any action for partition or sale or otherwise in connection with the Partnership, Partnership or any interest in any property of the Partnership, whether real or personal, tangible or intangible, or file or register or permit to be filed, registered or remain undischarged any lien or charge in respect of any property of the Partnership; or
(f) compel or seek a partition, judicial or otherwise, of any of the assets of the Partnership distributed or to be distributed to the Partners in kind in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement
Limitation on Authority of Limited Partners. No Limited Partner will:
(a) take part in the administration, control, management or operation of the business of the Partnership or exercise any power in connection with that control or management or transact business on behalf of the Partnership;
(b) execute any document which binds or purports to bind any other Partner or the Partnership;
(c) hold that Limited Partner itself out as having the power or authority to bind any other Partner or the Partnership;
(d) have any authority or power to act for or undertake any obligation or responsibility on behalf of any other Partner or the Partnership;
(e) bring any action for partition or sale or otherwise in connection with the Partnership, or any interest in any property of the Partnership, whether real or personal, tangible or intangible, or file or register or permit to be filed, registered or remain undischarged any lien or charge in respect of any property of the Partnership; or
(f) compel or seek a partition, judicial or otherwise, of any of the assets of the Partnership distributed or to be distributed to the Partners in kind in accordance with this Agreement.
Appears in 1 contract
Limitation on Authority of Limited Partners. No Limited Partner will:
(a) take part in the administration, control, management or operation of the business of the Partnership or exercise any power in connection with that control or management therewith or transact business on behalf of the Partnership;
(b) execute any document which binds or purports to bind any other Partner or the Partnership;
(c) hold that Limited Partner itself out as having the power or authority to bind any other Partner or the Partnership;
(d) have any authority or power to act for or undertake any obligation or responsibility on behalf of any other Partner or the Partnership;
(e) except as contemplated in this Agreement, bring any action for partition or sale or otherwise in connection with the Partnership, or any interest in any property of the Partnership, whether real or personal, tangible or intangible, or file or register or permit to be filed, filed or registered or remain undischarged any lien or charge in respect of any property of the Partnership; or
(f) compel or seek a partition, judicial or otherwise, of any of the assets of the Partnership distributed or to be distributed to the Partners in kind in accordance with this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement