Limits of Partnership. The relationship between and among the Partners will be limited to carrying on the business of the Partnership in accordance with the terms of this Agreement. Such relationship will be construed and deemed to be a partnership for the sole and limited purpose of carrying on such business. Nothing contained in this Agreement will be construed to create a general partnership between the parties or to authorize any party to act as general agent for any other party.
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Samples: Limited Partnership Agreement (Stratus Properties Inc), Limited Partnership Agreement (Stratus Properties Inc), Limited Partnership Agreement (Stratus Properties Inc)
Limits of Partnership. The relationship between and among the Partners will parties hereto shall be limited to the carrying on of the business of the Partnership in accordance with the terms of this Agreement. Such relationship will shall be construed and deemed to be a limited partnership for the sole and limited purpose of carrying on such business. Nothing contained Except as otherwise provided for or contemplated in this Agreement will Agreement, nothing herein shall be construed to create a general partnership between the parties Partners or to authorize any party Partner to act as general agent for any other partyPartner.
Appears in 3 contracts
Samples: Sales and Marketing Contract (New Home Co Inc.), Agreement (Phymed Inc), Suiza Foods Corp
Limits of Partnership. The relationship between and among the Partners will parties hereto shall be limited to the carrying on of the business of the Partnership in accordance with the terms of this Agreement. Such relationship will shall be construed and deemed to be a limited partnership for the sole and limited purpose of carrying on such business. Nothing contained Except as otherwise provided for or contemplated in this Agreement will Agreement, nothing herein shall be construed to create a general partnership between the parties Partners or to authorize any party Partner to act as general agent for any the other partyPartner.
Appears in 2 contracts
Samples: Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc), Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc)
Limits of Partnership. The relationship between and among the parties hereto or any future Partners will shall be limited to the carrying on of the business of the Partnership in accordance with the terms of this Agreement. Such relationship will shall be construed and deemed to be a limited partnership for the sole and limited purpose of carrying on such business. Nothing contained in this Agreement will be construed to create a general partnership between the parties or to authorize any party to act as general agent for any other party.
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Limits of Partnership. The relationship between and among the Partners will parties hereto shall be limited to the carrying on of the business of the Partnership in accordance with the terms of this Agreement. Such relationship will shall be construed and deemed to be a limited partnership for the sole and limited purpose of carrying on such business. Nothing contained in this Agreement will herein shall be construed to create a general partnership between the parties or to authorize any party to act as the general agent for of any other party.
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