Common use of Management of Business Clause in Contracts

Management of Business. Subject to the rights and powers of the General Partner hereunder, no Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 38 contracts

Samples: Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Rexford Industrial Realty, Inc.)

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Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in, or have any liability in respect of, the operations, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Creative Media & Community Trust Corp), Limited Partnership Agreement (Parking REIT, Inc.), Agreement of Limited Partnership (Parking REIT, Inc.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no (a) No Limited Partner or Assignee (other than the General Partner, the Sponsor any of its Affiliates their Affiliates, including the Business Manager, or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership Partnership, the Sponsor or any of their Affiliates, including the Business Manager, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. . (b) The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.)

Management of Business. Subject to the rights and powers of the General Partner Managing Member hereunder, no Limited Partner Member or Assignee (other than the General PartnerManaging Member, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the PartnershipCompany’s business, transact any business in the PartnershipCompany’s name or have the power to sign documents for or otherwise bind the PartnershipCompany. The transaction of any such business by the General PartnerManaging Member, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Members or Assignees under this Agreement.

Appears in 5 contracts

Samples: Operating Agreement (Lineage, Inc.), Operating Agreement (Lineage, Inc.), Limited Liability Company Agreement (Kimco Realty OP, LLC)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no Limited Partner No Member or Assignee (other than in its separate capacity as the General PartnerManaging Member, the Manager, any of its their Affiliates or any officer, director, manager, member, employee, partner, agent agent, representative or trustee of the General PartnerManaging Member, the Partnership Company, the Manager or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the PartnershipCompany’s business, transact any business in the PartnershipCompany’s name or have the power to sign documents for or otherwise bind the PartnershipCompany. The transaction of any such business by the General PartnerManaging Member, any of its Affiliates or any officer, director, manager, member, employee, partner, agent, representative, representative or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Members or Assignees under this Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (BrightSpire Capital, Inc.), Limited Liability Company Agreement (Colony NorthStar Credit Real Estate, Inc.), Master Combination Agreement (NorthStar Real Estate Income II, Inc.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any Affiliate of its Affiliates the General Partner designated by the General Partner for such purpose, or any officer, trustee, director, member, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their AffiliatesAffiliate thereof, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership or the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any Affiliate of its Affiliates the General Partner, or any officer, trustee, director, member, employee, partner, agent, representative, partner or trustee agent of the General Partner, the Partnership or any of their AffiliatesAffiliate thereof, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Clipper Realty Inc.), Limited Partnership Agreement (Forest City Enterprises Inc)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than in its separate capacity as the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (CyrusOne Inc.), Agreement of Limited Partnership (CyrusOne Inc.), Agreement of Limited Partnership (CyrusOne Inc.)

Management of Business. Subject to (a) Neither the rights and powers of the General Special Limited Partner hereunder, no nor any Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. . (b) The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Special Limited Partner, the Limited Partners or Assignees under this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than Assignee, in its capacity as such, nor the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, in their its capacity as such) , if such Person shall take part also be a Limited Partner or Assignee, shall participate in the operationsoperation, management or control (within the meaning of the Delaware Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction Any action taken by any Affiliate of any such business by the General Partner, any of its Affiliates Partner or any officer, director, employee, member, employee, general partner, agent, representative, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, or any officer, director, employee, member, general partner, agent or trustee of a Group Member, in their its capacity as such, shall not be deemed to be participation in the control of the business of the Partnership by a limited partner of the Partnership (within the meaning of Section 17-303(a) of the Delaware Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 2 contracts

Samples: Contribution Agreement (Resource America Inc), Contribution Agreement (Atlas Pipeline Partners Lp)

Management of Business. Subject to (a) Neither the rights and powers of the Associate General Partner hereunder, no nor any Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. . (b) The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of limitations, the Limited Partners or Assignees under this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)

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Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, in their its capacity as such, if such Person shall also be a Limited Partner or Assignee) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such the business on behalf of the Partnership by the General Partner, any Affiliate of its Affiliates or the General Partner, any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any Affiliates of their Affiliatesthe Partnership, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Bellingham II Associates, L.L.C.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, general partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) ), in its capacity as such, shall take part in the operations, management or control (within the meaning of the Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, general partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Subsidiaries and Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Capital Holdings Inc)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, member, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business's business (except as limited rights may be specified in an Applicable Contribution Agreement), transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agentmember, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Burnham Pacific Properties Inc)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, the Special General Partner, or any of its their Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Special General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, the Special General Partner, any of its their Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Special General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (United Dominion Realty Trust Inc)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such) shall take part in, or have any liability in respect of, the operations, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Mobile Infrastructure Corp)

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