No Participation in Management. Except as expressly permitted hereunder, the Limited Partners shall not 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.
No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) 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.
No Participation in Management. Except as expressly provided herein, no Member (other than a Manager) shall take part in the conduct or control of the Company’s business or have any right or authority to act for or bind the Company.
No Participation in Management. No Limited Partner may, in the capacity of a Limited Partner, take part in the management of the business of the Fund or transact any business for the Fund, nor will any Limited Partner have the power to sign for or bind the Fund in their capacity as a Limited Partner. All management responsibility and authority to act on behalf of the Fund is vested in the General Partner as provided in Section 7.1. The rights of Limited Partners to consent to specified actions are set forth in Article 10 and are limited to the rights so specified. The Limited Partners may, however, at the General Partner’s request, consult with and advise the General Partner as to the business of the Fund.
No Participation in Management. The Limited Partner shall not take part in the management or control of the Limited Partnership’s investment or other activities, take an active part in the affairs of the Limited Partnership, transact any business in the Limited Partnership’s name or have the power to sign documents for or otherwise bind the Limited Partnership to the extent that it would cause the Limited Partner to be liable for the debts and obligations of the Limited Partnership under the Act or otherwise. The exercise by the Limited Partner of any right conferred herein shall not be construed to constitute participation by the Limited Partner in the control of the investment or other activities of the Limited Partnership so as to make the Limited Partner liable for the debts and obligations of the Limited Partnership for purposes of the Act or otherwise.
No Participation in Management. Except as expressly permitted hereunder, the Members, in their capacities as Members of the Company, will not take part in the management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company; except that, this provision is not intended to limit the authority of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the Company.
No Participation in Management. The management of the business ------------------------------ and affairs of the Company shall be vested in whole in the Managing Member in accordance with Article VI of this Agreement. Except with respect to the ---------- execution and filing of the Certificate, as otherwise specifically provided by this Agreement or required by the Act, no Member, acting solely in the capacity of Member, shall participate in the management of or be an agent of the Company or have any authority to act for or bind the Company.
No Participation in Management. The Limited Partners shall not participate in the conduct, control, management, direction or operation of the affairs of the Partnership and shall have no power to bind the Partnership.
No Participation in Management. The Unit Holders shall not participate in the management of the business of, or transact any business for, the Company and shall have only such rights and powers as a Unit Holder as are expressly provided herein or provided by applicable law.
No Participation in Management. No Limited Partner shall take part in the management or control of the Partnership’s business nor shall any Limited Partner transact any business in the Partnership’s name or have the power to sign documents for or otherwise to bind the Partnership; provided, however, that no Limited Partner shall be deemed to be taking part in the management or control of the Partnership’s business or otherwise taking any action prohibited by this Section 7.1 as a result of such Limited Partner’s taking any action (a) permitted by Section 7.2 or (b) otherwise listed in Section 17-303 of the Partnership Act (or any successor provision) as activities that are not considered to constitute a Limited Partner’s participating in the control of the Partnership’s business.
