Common use of Limited Partners Clause in Contracts

Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Limited Partners shall not be required to assume, endorse or guarantee any liabilities of the Partnership.

Appears in 123 contracts

Samples: Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership), Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership), Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership)

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Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Partnership and no Limited Partners Partner (other than the General Partner if the General Partner is also a Limited Partner) shall not be required to assume, endorse participate in the conduct or guarantee any liabilities control of the Partnership's affairs or business.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Hartman Commercial Properties Reit), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Partnership and no Limited Partners Partner shall not be required to assume, endorse participate in the conduct or guarantee any liabilities control of the Partnership's affairs or business.

Appears in 5 contracts

Samples: Erp Operating Limited Partnership Agreement (Erp Operating LTD Partnership), Limited Partnership Agreement (Palace Reit), Limited Partnership Agreement (Chateau Communities Inc)

Limited Partners. The Limited Partners Partner shall not participate in or have any control over the general conduct or control management of the business of the Partnership or transact any business for the Partnership’s affairs and . The Limited Partner shall not have no right or authority any power to act sign for or to bind the Partnership. The Limited Partners Partner shall not be required have any right to assume, endorse withdraw from or guarantee any liabilities cause the dissolution of the PartnershipPartnership or to cause the partition of its properties.

Appears in 5 contracts

Samples: Limited Partnership Agreement (North American Pipe Corp), Limited Partnership Agreement (North American Pipe Corp), Agreement of Limited Partnership (North American Pipe Corp)

Limited Partners. The Limited Partners shall not participate in be limited partners within the general conduct or control meaning of the Partnership’s affairs Partnership Act. The Limited Partners as such shall not be bound by the obligations of the Partnership and shall have no right or authority not be obligated to act make contributions to the Partnership in excess of the amounts provided for or to bind the Partnershipin this Agreement. The Limited Partners shall not be required entitled to assume, endorse participate in the management and control of the Partnership and shall have no authority to act for or guarantee any liabilities of bind the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sun Communities Inc), Limited Partnership Agreement (Sun Communities Inc)

Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Partnership and no Limited Partners Partner shall not be required to assume, endorse participate in the conduct or guarantee any liabilities control of the Partnership’s affairs or business.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Erp Operating LTD Partnership), Limited Partnership Agreement (Equity Residential)

Limited Partners. The Limited Partners shall not participate have no right to, and shall not, take part in the general conduct management or control of the Partnership’s affairs and shall have no right business or authority to act for or to bind the Partnership. The ; provided, that, the Limited Partners shall not be required to assume, endorse or guarantee any liabilities have all of the Partnershiprights, powers and privileges granted to the Limited Partners in this Agreement and, where not inconsistent with the terms of this Agreement, under the Delaware Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (InterMedia Partners VII LP)

Limited Partners. The Limited Partners shall not participate in the hold themselves out as general conduct or control of the Partnership’s affairs partners and shall have no right or authority to act for or to bind the Partnership. The Except as explicitly provided in the Act, no Limited Partners Partner shall not be required to assumeliable for any debt, endorse liability or guarantee any liabilities other obligation of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genzyme Therapeutic Products Limited Partnership)

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Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority in their capacity as Limited Partners to act for or to bind the Partnership. The Partnership and no Limited Partners Partner shall not be required to assumeparticipate in, endorse transact, conduct or guarantee any liabilities of control the Partnership's management activities, decisions, affairs or business except as required by applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chastain Capital Corp)

Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership and no Limited Partner shall participate in the conduct or control of the Partnership. The 's affairs or business; provided, however, that the exercise of the Limited Partners Partners' rights under this Agreement shall not be required considered to assume, endorse be participation in such conduct or guarantee any liabilities of the Partnershipcontrol.

Appears in 1 contract

Samples: Limited Partnership Agreement (Acadia Realty Trust)

Limited Partners. The Limited Partners Partner(s) shall not participate take no part in the general conduct or control management of the Partnership’s affairs Partnership business, shall transact no business for the Partnership and shall have no right or authority power to act for or to bind the Partnership. The Notwithstanding that certain powers shall be subject to consent or approval of the Limited Partners shall not be required Partner(s), such consent or approval relates solely to assumethe Partners’ dealings among themselves, endorse or guarantee any liabilities and the Limited Partner(s) are prohibited from dealing with third parties on behalf of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (C2 Utility Contractors LLC)

Limited Partners. The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership and no Limited Partner shall participate in the conduct or control of the Partnership. The ’s affairs or business; provided, however, that the exercise of the Limited Partners Partners’ rights under this Agreement shall not be required considered to assume, endorse be participation in such conduct or guarantee any liabilities of the Partnershipcontrol.

Appears in 1 contract

Samples: Limited Partnership Agreement (Acadia Realty Trust)

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