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Common use of No Participation in Management Clause in Contracts

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.

Appears in 23 contracts

Samples: Limited Partnership Agreement (United States 12 Month Oil Fund, LP), Limited Partnership Agreement (United States Oil Fund, LP), Limited Partnership Agreement (United States 12 Month Natural Gas Fund, LP)

No Participation in Management. No The Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall not take part in the management of the business of the Partnership’s business, transact any business in for the Partnership’s name or , have the power to sign documents for or otherwise to bind the PartnershipPartnership to any agreement or document, or otherwise act as an agent for the Partnership for any purpose, except as may be set forth in any other agreement between the Partnership and the Limited Partner. Except as may be otherwise so agreed, such powers to manage and transact Partnership business, to bind or otherwise act as the agent of the Partnership are vested solely and exclusively in the General Partner.

Appears in 12 contracts

Samples: Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.), Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.), Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.)

No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) , in its capacity as such, shall take part participate in the management control or business 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 PartnershipPartnership in any other way.

Appears in 3 contracts

Samples: Exempted Limited Partnership Agreement (SiriusPoint LTD), Exempted Limited Partnership Agreement (Third Point Reinsurance Ltd.), Exempted Limited Partnership Agreement (Third Point Reinsurance Ltd.)

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 participate in the management control, management, direction or operation of the business or affairs 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Enerkem Inc.), Limited Partnership Agreement (Enerkem Inc.)

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 business of the Partnership’s business, transact any business in for the Partnership’s name or , have the power to sign documents for or otherwise to bind the PartnershipPartnership to any agreement or document, or otherwise act as an agent for the Partnership for any purpose. Such powers to manage and transact Partnership business, to bind the Partnership or otherwise to act as the agent of the Partnership are vested solely and exclusively in the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hit Entertainment Inc), Limited Partnership Agreement (Hit Entertainment Inc)

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 conduct or control of the Partnership’s business or the management of the Partnership’s business, transact any business in the Partnership’s name or have the power any right or authority to sign documents act for or on the behalf of, or otherwise bind bind, the PartnershipPartnership (except a Limited Partner who may also be a General Partner and then only in such Partner’s capacity as a General Partner within the scope of such Partner’s authority hereunder).

Appears in 2 contracts

Samples: Limited Partnership Agreement (Call Now Inc), Limited Partnership Agreement (Call Now Inc)

No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) , in its capacity as such, shall take part in the management 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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Strategic Timber Trust Inc)

No Participation in Management. No The Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall not take part in the management of the business of the Partnership’s business, transact any business in for the Partnership’s name or , have the power to sign documents for or otherwise to bind the PartnershipPartnership to any agreement or document, or otherwise act as an agent for the Partnership for any purpose, except as may be set forth in any other agreement between the Partnership and the Limited Partner. Except as may be otherwise so agreed, such powers to manage and transact Partnership business, to bind or otherwise act as the agent of the Partnership are vested solely and exclusively by the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.)

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 business of the Partnership’s business, transact any business in for the Partnership’s name or , have the power to sign documents for or otherwise to bind the PartnershipPartnership to any agreement or document, or otherwise act as an agent for the Partnership for any purpose. Such powers to manage and transact Partnership business, to bind or otherwise act as the agent of the Partnership are vested solely and exclusively in the General Partner.

Appears in 1 contract

Samples: Amendment to Agreement and Certificate of Limited Partnership (HEALTHSOUTH of Toms River, Inc.)

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.

Appears in 1 contract

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