Limitations on Limited Partners. Except as may be expressly required or permitted by the Partnership Act, Limited Partners as such shall have no right to, and shall not, take part in the management, conduct or control of the Partnership’s business or act for or bind the Partnership, and shall have only the rights and powers granted to Limited Partners herein.
Limitations on Limited Partners. Neither any Limited Partner nor any Class B Limited Partner in its capacity as such shall: (a) be permitted to take part in the control of the business or affairs of the Partnership; (b) have any voice in the management or operation of any Partnership property; or (c) have the authority or power in his capacity as a Limited Partner or Class B Limited Partner to act as agent for or on behalf of the Partnership or any other Partner, to do any act which would be binding on the Partnership or any other Partner, or to incur any expenditures on behalf of or with respect to the Partnership.
Limitations on Limited Partners. The Limited Partners shall not: (a) be permitted to take part in the business or control of the business or affairs of the Partnership; (b) have any voice in the management or operation of any Partnership property; or (c) have the authority or power to act as agent for or on behalf of the Partnership or any other Partner, to do any act which would be binding on the Partnership or any other Partner, or to incur any expenditures on behalf of or with respect to the Partnership. No Partner shall hold out or represent to any third party that the Limited Partners have any such power or right or that the Limited Partners are anything other than "limited partners" in the Partnership.
Limitations on Limited Partners. No Limited Partner shall: (i) be permitted to take part in the management or control of the business or affairs of the Partnership, (ii) have any voice in the management or operation of any property, (iii) have the power to remove the General Partner, (iv) have the power to influence the management of the Partnership, whether by voting or approval rights or by changing or altering any Section of this Agreement, including this Section 1.08, by vote, consent or otherwise, or (v) have the authority or power in its capacity as a Limited Partner to act as agent for or on behalf of the Partnership, or any other Limited Partner, to do any act that would be binding on the Partnership, or any other Limited Partner, or to incur any expenditures on behalf of or with respect to the Partnership.
Limitations on Limited Partners. No Limited Partner shall have the right:
(a) To take part in the control of the Partnership business or to sign for or to bind the Partnership, such power being vested in the General Partner;
(b) To have its capital contribution repaid except to the extent provided in this Agreement;
(c) To require partition of Partnership property or to compel any sale or appraisement of Partnership assets or sale of a deceased Partner’s interest therein; or
(d) To sell or assign his interest in the Partnership or to constitute the vendee or assignee thereunder a substituted Limited Partner, except as provided in Article VII hereof.
Limitations on Limited Partners. No Limited Partner, in its capacity as a Limited Partner, shall (i) be permitted to take part in the management or control of the business or affairs of the Partnership; (ii) have any voice in the management or operation of any Partnership assets; (iii) have the authority or power in its capacity as a Limited Partner to act as agent for or on behalf of the Partnership or any other Partner, to do any act which would be binding on the Partnership or any other Partner or to incur any expenditures on behalf of or with respect to the Partnership; or (iv) hold itself out as having any status other than that of a Limited Partner or as having rights, powers or privileges other than those provided by this Agreement or the Transfer Agreement. Any Limited Partner which acts in contravention of this Agreement and thereby causes itself to be deemed a general partner for liability purposes shall under no circumstances be construed as receiving a grant of power or authority to act in such capacity under any provision of this Agreement. The exercise by any Limited Partner of any rights granted pursuant to any provision of this Agreement or the Transfer Agreement shall not be deemed to constitute management or control of the Partnership business or otherwise to contravene the provisions of the preceding sentence.
Limitations on Limited Partners. 24 7.2 Diversification......................................................24 7.3 Co-Investment Rights.................................................24 7.4 Removal of General Partner...........................................25 7.5 Deficit Capital Accounts at Liquidation..............................25
Limitations on Limited Partners. A Limited Partner shall not participate in the management or control of the Partnership, engage in any activity which creates the potential for control of the Partnership, transact any business on behalf of the Partnership, or have any power to act for or bind the Partnership.
Limitations on Limited Partners. 20 SECTION 6.3.
Limitations on Limited Partners. Except as otherwise expressly set forth herein, the Limited Partners (in such capacity) shall in no event (i) be permitted to take part in the control of the business or affairs of the Partnership; or (ii) have the authority or power, in the capacity of a limited Partner, to act as agent for or on behalf of the Partnership or any other Partner to do any act which would be binding on the Partnership or any other Partner, including without limitation the incurring of any expenditures on behalf of the Partnership.
