Common use of No Management by Limited Partners Clause in Contracts

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. The No Limited Partners Partner as such shall take no part in the management of or 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 and neither shall have any right or authority to act for or bind the Partnership. The exercise , although members of the rights Merchant Banking Group and powers of a Limited Partner under Sections 7.2 and 7.4 hereof shall not be deemed taking part the Investment Committee may invest in the day-to-day affairs of the Partnership of the exercise of control over Partnership affairsif they are Eligible Investors.

No Management by Limited Partners. The No Limited Partners Partner as such shall take no part in the management of or 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 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. The No Limited Partners Partner as such shall take no part in the management of or 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 shall not participate in any investment decisions made 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.