No Management by Limited Partners. No Limited Partner, in its capacity as such, shall take part in the day-to-day management, operation or control of the business and affairs at the Partnership. The Limited Partner shall not have any right, power, or authority to transact any business in the name of the Partnership or to act for or on behalf of or to bind the Partnership. A Limited Partner shall have no rights other than those specifically provided herein or granted by law.
No Management by Limited Partners. The Limited Partners shall take no part in, or at any time interfere in any manner with, the management, conduct, or control of the Partnership's business and operations and shall have no right or authority to act for or bind the Partnership except as set forth in this Agreement. The rights and powers of such Limited Partners shall not extend beyond those set forth in this Agreement and those granted under the Certificate of Limited Partnership and any attempt to participate in the control of the Partnership in a manner contrary to the rights and powers granted herein and under the Certificate of Limited Partnership shall be null and void and without force and effect. Subject to the decisions and judgment with respect to all professional medical or clinical matters of qualified medical personnel, the General Partner, and the Investor General Partner to the extent expressly provided for in this Agreement, shall have the right to determine when and how the operations of the Partnership shall be conducted in accordance with the terms of this Agreement. The exercise by any Limited Partner of any of the rights granted to the Limited Partner hereunder shall not be deemed to be taking part in the control of the business of the Partnership and shall not constitute a violation of this Section.
No Management by Limited Partners. Except as specifically --------------------------------- required under the Act or permitted under this Agreement, the Limited Partners shall not take part in the management or control of, and shall not bind or act for, the Partnership.
No Management by Limited Partners. No Limited Partner shall take part in the day-to-day management, operation or control of the business and affairs of the Partnership or have any right, power or authority to act for or on behalf of or to bind the Partnership or transact any business in the name of the Partnership. The Limited Partners shall have no rights other than those specifically provided herein or granted by law where consistent with a valid provision hereof. In the event any laws, rules or regulations applicable to the Partnership, or to its sale or issuance of interests in the Partnership, require a Limited Partner, or any group or class thereof, to have certain rights, options, privileges or consents not granted by the terms of this Agreement, then such Limited Partners shall have and enjoy such rights, options, privileges and consents as long as (but only as long as) the existence thereof does not result in a loss of the limitation on liability enjoyed by the Limited Partners under the Virginia RULPA or the applicable laws of any other jurisdiction.
No Management by Limited Partners. The Limited Partners shall not take part in the day-to-day management, operation or control of the business and affairs of the Partnership. The Limited Partners shall not have any right, power or authority to transact any business in the name of the Partnership or to act for or on behalf of or to bind the Partnership. The Limited Partners shall have no rights other than those specifically provided herein or granted by law where consistent with a valid provision hereof. In the event any laws, rules or regulations applicable to the Partnership, or to the sale or issuance of securities by a Limited Partner, require the Limited Partners to have certain rights, options, privileges or consents not granted by the terms of this Agreement, then the Limited Partner shall have and enjoy such rights, options, privileges and consents so long as (but only so long as) the existence thereof does not result in a loss of the limitation on liability enjoyed by the Limited Partners under the Delaware RULPA or the applicable laws of any other jurisdiction.
No Management by Limited Partners. No Limited Partner as such shall take part in the management 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. Limited Partners will not participate in any investment decisions made on behalf of the Partnership, although members of the Merchant Banking Group and the Investment Committee may invest in the Partnership if they are Eligible Investors.
No Management by Limited Partners. The Limited Partners shall take no part in the management of or transact any business for or on behalf of the Partnership and neither shall have any right or authority to act for or bind the Partnership. The exercise of the rights and powers of a Limited Partner under Sections 7.2 and 7.4 hereof shall not be deemed taking part in the day-to-day affairs of the Partnership of the exercise of control over Partnership affairs.
No Management by Limited Partners. No Limited Partner shall take part in the day-to-day management, operation or control of the business and affairs of the Partnership or have any right, power or authority to act for or on behalf of or to bind the Partnership or transact any business in the name of the Partnership. The Limited Partners shall have no rights other than those specifically provided herein or granted by law where consistent with a valid provision hereof. In the event any laws, rules or regulations applicable to the Partnership, or to its sale or issuance of interests in the Partnership, require a Limited Partner, or any group or class thereof, to have certain rights, options, privileges or consents not granted by the terms of this Agreement, then such Limited Partners shall have and enjoy such rights, options, privileges and consents as long as (but only as long as) the existence thereof does not result in a loss of the limitation on liability enjoyed by the Limited Partners under the Pennsylvania RULPA or the applicable laws of any other jurisdiction.
No Management by Limited Partners. Limitation of ------------------------------------------------------------ Liability. ---------
(A) Except as otherwise expressly provided in this Agreement, the Limited Partners, in their capacity as limited partners, shall not take part in the day-to-day management, operation or control of the business and affairs of the Partnership or have any right, power or authority to act for or on behalf of or to bind the Partnership or transact any business in the name of the Partnership. The Limited Partners shall have no rights other than those specifically provided herein or granted by law where consistent with a valid provision hereof, and any of the approvals rendered or withheld by the Limited Partners pursuant to this Agreement shall be deemed as consultation or advice to the General Partner in connection with the business of the Partnership and in accordance with the Act, and shall not be deemed as participation by the Limited Partners in the business of the Partnership and are not intended to create any inference that the Limited Partners should be classified as general partners under the Act.
(B) The Limited Partners shall have no liability under this Agreement except to the extent expressly provided herein (including with respect to withholding under Section 7.6) or under the Act.
(C) The General Partner shall not take any action which would subject a Limited Partner (in its capacity as Limited Partner) to liability as a general partner.
No Management by Limited Partners. (a) No Limited Partner shall take part in the day-to-day management, operation or control of the business and affairs of the Partnership or have any right, power, or authority to act for or on behalf of or to bind the Partnership or transact any business in the name of the Partnership. In the event any laws, rules or regulations applicable to the Partnership, or to its sale or issuance of interests in the Partnership, require a Limited Partner, or any group or class thereof, to have certain rights, options, privileges or consents not granted by the terms of this Agreement, then such Limited Partners shall have and enjoy such rights, options, privileges and consents so long as (but only so long as) the existence thereof does not result in a loss of the limitation on liability enjoyed by the Limited Partners under the Delaware RULPA or the applicable laws of any other jurisdiction.
(b) No Limited Partner (if not a natural person, its directors, officers, partners, etc.) shall act as an employee of the Partnership if such Limited Partner's functions, directly or indirectly, relate to the Partnership's international communications satellite facilities.
(c) No Limited Partner shall serve, in any material capacity, as an independent contractor or agent with respect to the management or operation of the Partnership's international communications satellite facilities (except with regard to tracking, telemetry and command and related services).
(d) No Limited Partner shall communicate with the General Partner on matters pertaining to the day-to-day operations of the Partnership's international communications satellite facilities.
(e) No Limited Partner shall perform any services to the Partnership materially relating to the management or operation of the Partnership's international communications satellite facilities, with the exception of making loans to, or acting as a surety for, the Partnership.
(f) No Limited Partner shall become actively involved in the management or operation of the Partnership's international communications satellite facilities.
(g) The General Partner may contract with any Limited Partner or any Affiliate of any Limited Partner for any purpose not otherwise restricted by this Agreement, in particular for provision of customer support, marketing and related services with respect to the sale of the Partnership's international communications satellite facilities; provided, however, that any such activity undertaken by a Limited Partner shall ...
