Common use of Limitations on Limited Partners Clause in Contracts

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. Neither any Except as otherwise expressly set forth herein, the Limited Partner nor any Class B Limited Partner Partners (in its capacity as such shall: capacity) shall in no event (ai) 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 (cii) have the authority or power power, in his the capacity as of a Limited Partner or Class B Limited Partner Partner, to act as agent for or on behalf of the Partnership or any other Partner, Partner to do any act which would be binding on the Partnership or any other Partner, or to incur including without limitation the incurring of any expenditures on behalf of or with respect to the Partnership.

Limitations on Limited Partners. Neither any A Limited Partner nor any Class B Limited Partner in its capacity as such shalla limited partner shall not if inconsistent with the Act: (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 in his its 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. Neither any No 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 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.