Common use of Management of Business Clause in Contracts

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 44 contracts

Samples: Agreement (Navios Maritime Containers L.P.), Agreement (Navios Maritime Containers Inc.), Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP)

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Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 5 contracts

Samples: Fourth (Teekay LNG Partners L.P.), Teekay LNG Partners L.P., Teekay Corp

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Mxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx Sxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 5 contracts

Samples: Exchange Agreement (KNOT Offshore Partners LP), KNOT Offshore Partners LP, Altera Infrastructure L.P.

Management of Business. No Limited PartnerPartner or Assignee, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and 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: Teekay LNG Partners L.P., Teekay LNG Partners L.P., Teekay LNG Partners L.P.

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 3 contracts

Samples: Dynagas LNG Partners LP, FAREASTERN SHIPPING LTD, Dynagas LNG Partners LP

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Section 30 of the Xxxxxxxx Xxxxxxx Islands Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 2 contracts

Samples: GasLog Partners LP, q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx Sexxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Teekay LNG Partners L.P.

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Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.. Section 3.3

Appears in 1 contract

Samples: Exchange Agreement (Teekay Corp)

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx Sexxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Golar LNG Partners LP

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.Xxxxxxx

Appears in 1 contract

Samples: GasLog Partners LP

Management of Business. No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Mxxxxxxx Islands 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. Any action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee, manager, member, general partner, agent or trustee of a Group Member, in 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 Xxxxxxx Sxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx Act) and shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Teekay LNG Partners L.P.

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