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.
Appears in 19 contracts
Samples: Limited Partnership Agreement (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.), Agreement of Limited Partnership (Blackstone Inc.)
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 hereinherein or in the Partnership Act.
Appears in 9 contracts
Samples: Agreement of Exempted Limited Partnership (Blackstone Group L.P.), Agreement of Exempted Limited Partnership (Blackstone Group L.P.), Agreement of Exempted Limited Partnership (Blackstone Group L.P.)
Limitations on Limited Partners. Except as may be expressly required or permitted by the Partnership Act, The Limited Partners as such shall have take no right to, and shall not, take part in the management, conduct management or control of the Partnership’s business Partnership business, and have no right or authority to act for the Partnership or bind to vote on matters other than the Partnership, and shall have only matters set forth in this Agreement or in the rights and powers granted to Limited Partners hereinAct.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Divine Interventures Inc), Limited Partnership Agreement (Divine Interventures Inc), Limited Partnership Agreement (Divine Interventures Inc)
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 hereinof a limited partner as provided in both the Partnership Act and this Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Blackstone Group L.P.), Agreement of Limited Partnership (Blackstone Group L.P.)
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 hereinof the applicable class herein or in the Partnership Act.
Appears in 1 contract
Samples: Agreement of Exempted Limited Partnership (Blackstone Group L.P.)
