Common use of Limited Partners Shall Not Manage or Control Clause in Contracts

Limited Partners Shall Not Manage or Control. The Limited Partners shall take no part in the management or control of the Partnership business, and shall have no power to act for or to bind the Partnership. Without limiting the generality of the foregoing, no Limited Partner and no director, officer, partner or stockholder thereof (other than natural persons who are United States citizens acting in their capacities as officers or directors of the General Partner) shall (i) act as an employee of the Partnership; (ii) act as an independent contractor or agent with respect to the Partnership; (iii) communicate with the General Partner on matters pertaining to the day-to-day operations of the Partnership; (iv) become actively involved in the management or operation of the Partnership; (v) vote on any matter pertaining to the day-to-day operations or investment decisions of the Partnership; or (vi) vote on the admission of additional general partners to the Partnership except as provided in Section 8.4 hereof.

Limited Partners Shall Not Manage or Control. The Limited Partners shall take no part in the management or control of the Partnership business, and shall have no power to act for or to bind the Partnership. Without limiting the generality of the foregoing, no Limited Partner and no director, officer, partner or stockholder thereof (other than natural persons who are United States citizens acting in their capacities as officers or directors of the General Partner) shall (i) act as an employee of the Partnership; (ii) act as an independent contractor or agent with respect to the Partnership; (iii) communicate with the General Partner on matters pertaining to the day-to-day day. operations of the Partnership; (iv) become actively involved in the management or operation of the Partnership; (v) vote on any matter pertaining to the day-to-day operations or investment decisions of the Partnership; or (vi) vote on the admission of additional general partners to the Partnership except as provided in Section 8.4 hereof.