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.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement
No Participation in Management. The Limited Partners shall not participate in the conduct, control, management, direction management or operation control of the affairs of Partnership's business, nor shall the Limited Partners transact any business for the Partnership and shall or have no the power to act for or bind the Partnership, said powers being vested solely and exclusively in the General Partners.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Brookdale Living Communities Inc)
No Participation in Management. The Limited Partners (in their capacity as such) shall not participate in the conduct, control, management, direction direction, or operation of the affairs of the Partnership and shall have no power to bind the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))
No Participation in Management. The Limited Partners shall not participate in the conduct, control, management, direction management or operation control of the affairs of Partnership’s business, nor shall the Limited Partners transact any business for the Partnership and shall or have no the power to act for or bind the Partnership, said powers being vested solely and exclusively in the General Partners.
Appears in 1 contract
No Participation in Management. The Limited Partners (in their capacity as such) 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.
Appears in 1 contract
Samples: Limited Partnership Agreement
No Participation in Management. The Limited Partners (in each case, in their capacity as such) 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.
Appears in 1 contract
Samples: Partnership Agreement
