Common use of Limitation on Powers Clause in Contracts

Limitation on Powers. No Partner shall: (a) use the Partnership name or assets in any way except for the transaction of legitimate Partnership business or do any act in contravention of this Agreement; or (b) do any act which would make it impossible to carry on the business of the Partnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Argosy of Iowa Inc), Limited Partnership Agreement (Argosy of Iowa Inc), Limited Partnership Agreement (Argosy of Iowa Inc)

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Limitation on Powers. No As between the Partners and subject to Section 2.03(c), no Partner shall: : (ai) use Use the Partnership name or assets in any way except for the transaction of legitimate Partnership business or do any act in contravention of this Agreementthese Articles of Partnership; or or (bii) do Do any act which would make it impossible to carry on the business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Duke Realty Investments Inc)

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