Common use of Management of Business Clause in Contracts

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware 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 a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Buckeye Partners, L.P.), Merger Agreement (Buckeye GP Holdings L.P.), Limited Partnership Agreement

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Management of Business. No Limited Partner shall(other than the General Partner, any Affiliate thereof or a general partner, shareholder, director, officer, employee, member or agent thereof solely in his or its capacity as a Limited Partner, such) shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, shall transact any business in the Partnership’s name or shall have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner any such Person in such Person’s capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Cedar Fair L P), Agreement of Limited Partnership (Cedar Fair L P), Limited Partnership Agreement (Cedar Fair L P)

Management of Business. No The Limited Partner shall, in its capacity as a Limited Partner, shall not 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 a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Teppco Partners Lp), Agreement of Limited Partnership (Teppco Partners Lp), Limited Partnership Agreement (Teppco Partners Lp)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a director, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) 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 (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate 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 a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Star Gas Partners Lp), Limited Partnership Agreement (Ap Eagle Finance Corp), Limited Partnership Agreement (Amerigas Partners Lp)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate 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 a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ferrellgas Partners L P), Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement (Ferrellgas Finance Corp)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware 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 a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Third Amended and Restated Agreement of Limited Partnership, Limited Partnership Agreement (Ferrellgas Finance Corp)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate 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 a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) 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 (Eott Energy Canada Lp), Limited Partnership Agreement (Eott Energy Partners Lp), Limited Partnership Agreement (Eott Energy Canada Lp)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, 's business or transact any business in the Partnership’s name 's name, unless such Limited Partner is a Person employed or have the power engaged to sign documents for transact any such business by or otherwise bind on behalf of a General Partner or the Partnership. The transaction of any such business by a director, officer, manager, member, employee Limited Partner employed or agent engaged to do so by or on behalf of the General Partner or an Affiliate the Partnership shall not be deemed to constitute participation in control of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) Partnership and shall not affect, impair or eliminate the limitations on the liability of the a Limited Partners Partner under this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (TWP Capital Corp), Limited Partnership Agreement (Transwestern Holdings Lp)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, 's business or transact any business in the Partnership’s name 's name, unless such Limited Partner is also the General Partner or have other Person employed or engaged to transact any such business by or on behalf of the power to sign documents for General Partner or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee Limited Partner employed or agent engaged to do so by or on behalf of the General Partner or an Affiliate the Partnership shall not be deemed to constitute participation in control of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) Partnership and shall not affect, impair or eliminate the limitations on the liability of the a Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Board of Trade of the City of Chicago Inc)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware 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 a directorthe General Partner, any of its Affiliates or any member, officer, managerdirector, memberemployee, employee partner, agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Star Gas Finance Co)

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Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a director, partner, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the a General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) 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 (New England Investment Companies L P)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a the General Partner, any of its Affiliates, including, without limitation, TriNet, or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner Partner, the Partnership or an Affiliate any of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) their Affiliates, including, without limitation, TriNet, 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 (Trinet Corporate Realty Trust Inc)

Management of Business. No Limited Partner shall(other than the General Partner, any Affiliate thereof or their directors, officers, general partners, employees or agents in its their capacity as a Limited Partner, 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 a director, officer, manager, membergeneral partner, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (FFP Real Estate Trust)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) 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 (Buckeye Partners L P)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a the General Partner, any of its affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent -11- 11764.0001 345760.13 trustee of the General Partner Partner, the Partnership or an Affiliate any of the General Partner their affiliates, in such Person’s their capacity as such (whether or not such Person is also a Limited Partner) 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 (Metropolis Realty Trust Inc)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, 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 a director, partner, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) 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 (New England Investment Companies L P)

Management of Business. No The Limited Partner shallPartners, in its their capacity as a Limited Partnersuch, shall not take part in the operation, management or control (within the meaning of the Delaware 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 a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) 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 (Terra Nitrogen Co L P /De)

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