Common use of Management of the Partnership Clause in Contracts

Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent of any Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreement.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no Limited Partner shall have the power or authority to bind the Partnership partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent of any Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Management of the Partnership. No Limited Partner as such shall take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no No Limited Partner as such shall have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent of any Limited Partner shall be expressly required and except as otherwise expressly provided in this AgreementPartnership.

Appears in 3 contracts

Samples: Venture Agreement (WMS Hotel Corp), Venture Agreement (El Conquistador Partnership Lp), Venture Agreement (El Conquistador Partnership Lp Se)

Management of the Partnership. No Limited Partner shall may take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except No Limited Partner, in its capacity as otherwise expressly provided in this Agreementsuch, no Limited Partner shall have has the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No The Limited Partner shall Partner, in its capacity as such, will have any power or authority with respect no vote on matters related to the operation of the Partnership except insofar or its business other than as the consent of any Limited Partner shall be expressly required and except as otherwise expressly provided set forth in this AgreementAgreement or as required by law.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement (Tullys Coffee Corp)

Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent Consent of any Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership thePartnership except insofar as the consent of any Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no No Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement Agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent of any the Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreementherein.

Appears in 1 contract

Samples: Limited Partnership Agreement (Sonesta International Hotels Corp)

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Management of the Partnership. No Limited Partner shall take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no No Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement Agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent of any the Limited Partner shall be expressly required and except as otherwise expressly provided in this Agreementrequired.

Appears in 1 contract

Samples: Limited Partnership Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Management of the Partnership. No The Limited Partner shall not take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no The Limited Partner shall not have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No action taken by the Limited Partner in the exercise of its rights under this Agreement shall have any power give the General Partner or authority with respect to the Partnership except insofar as any right to claim the consent of any Limited Partner shall be expressly required and except has acted as otherwise expressly provided General Partner in this Agreementthe exercise of such rights.

Appears in 1 contract

Samples: Limited Partnership Agreement

Management of the Partnership. No Limited Partner in his capacity as such shall take part in the management or control of the business of the Partnership nor or transact any business in the name of the Partnership. Except as otherwise expressly provided in this Agreement, no No Limited Partner shall have the power or authority to bind the Partnership or to sign any agreement or document in the name of the Partnership. No Limited Partner shall have any power or authority with respect to the Partnership except insofar as the consent Consent of any the Limited Partner Partners shall be expressly required and except as otherwise expressly provided in by this Agreement. The exercise by the Limited Partners of any of their voting or other rights pursuant to and in accordance with this Agreement shall not constitute participating in or management or control over Partnership business.

Appears in 1 contract

Samples: Limited Partnership Agreement (Capital Preferred Yield Fund Iv Lp)

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