Common use of Management of Business Clause in Contracts

Management of Business. No Limited Partner (other than any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its capacity as such) shall take part in the operation, 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, employee, partner, 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 under this Agreement.

Appears in 15 contracts

Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)

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Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, trustee, director, member, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, trustee, director, member, employee, partner, partner or 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 9 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties)

Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 8 contracts

Samples: Limited Partnership Agreement (Ventas, Inc.), Partnership Agreement (Mission West Properties Inc), Limited Partnership Agreement (Mission West Properties Inc)

Management of Business. No Limited Partner or Assignee (other than the General Partner, the Parent, any of their Affiliates, or any officer, director, employee, partner, agent or trustee of the General Partner, the Parent, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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 Parent, any of its their Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Parent, 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 (Freehold Properties, Inc.), Limited Partnership Agreement (Education Realty Operating Partnership L P), Limited Partnership Agreement (MedEquities Realty Trust, Inc.)

Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee representative of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall have any right to take part in the operationoperations, 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, partner, agent or trustee representative 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 6 contracts

Samples: Limited Partnership Agreement (Pacific Office Properties Trust, Inc.), Partnership Agreement (Arizona Land Income Corp), Limited Partnership Agreement (Arizona Land Income Corp)

Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 6 contracts

Samples: Limited Partnership Agreement (Iac Capital Trust), Limited Partnership Agreement (Post Apartment Homes Lp), Limited Partnership Agreement (Post Apartment Homes Lp)

Management of Business. No Limited Partner (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 under this Agreement.

Appears in 4 contracts

Samples: Limited Partnership Agreement (CNL Hospitality Properties Inc), Limited Partnership Agreement (CNL Health Care Properties Inc), Limited Partnership Agreement (CNL American Properties Fund Inc)

Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, partner or 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 3 contracts

Samples: Limited Partnership Agreement (Shelbourne Properties Ii Inc), Limited Partnership Agreement (Shelbourne Properties I Inc), Limited Partnership Agreement (Shelbourne Properties Iii Inc)

Management of Business. No Limited Partner (other than any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its capacity as such) shall take part in the operation, 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, employee, partner, 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 under this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)

Management of Business. No Limited Partner or Assignee (other than any of the General Partner's Affiliates or any officer, director, employee, partner, agent member, agent, or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operationoperations, 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, employee, partner, agent member, 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 under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (CRT Properties Inc)

Management of Business. No Limited Partner (other than the General Partner or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 (other than the General Partner in its capacity as such) under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (CNL American Properties Fund Inc)

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Management of Business. No Limited Partner (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, partner or 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 (Newkirk Master Lp)

Management of Business. No Limited Partner (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, in his, her or its capacity as such) shall take part in the operation, 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 of any such business by the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, in their its capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Plum Creek Timber Co Inc)

Management of Business. No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, partner or 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 (First Union Real Estate Equity & Mortgage Investments)

Management of Business. No None of Metropolis, the Limited Partner or any Assignee thereof (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 Metropolis, the Limited Partners Partner or any Assignee thereof under this Agreement.

Appears in 1 contract

Samples: Partnership Agreement (Metropolis Realty Trust Inc)

Management of Business. No Limited Partner (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its their capacity as such) shall take part in the operation, 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, employee, partner, 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 under this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Macerich Co)

Management of Business. No Limited Partner (other than any officer, director, employee, partner, member, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in his, her or its capacity as such) shall take part in the operation, 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, employee, partner, member, 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 under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Copi Colorado Lp)

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