NO RIGHT TO MANAGE OR REPRESENT PARTNERSHIP. (a) No Limited Partner (or group of Limited Partners) shall take part in the management of the business of the Partnership, transact any business for the Partnership or have the power to sign for or to bind the Partnership to any agreement or document, said powers being vested solely and exclusively with the General Partner as set forth herein.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Fulcrum Fund Limited Partnership), Limited Partnership Agreement (Dennis Fund LTD Partnership)
NO RIGHT TO MANAGE OR REPRESENT PARTNERSHIP. (a) No The Limited Partner (or group of Limited Partners) shall not take part in the management of the business of the Partnership, transact any business for the Partnership Partnership, or have the power to sign for or to bind the Partnership to any agreement or documentdocuments, said powers being vested solely and exclusively with in the General Partner as set forth hereinPartner.
Appears in 1 contract
Samples: RFS Partnership Lp
NO RIGHT TO MANAGE OR REPRESENT PARTNERSHIP. (a) No Limited Partner (or group of Limited Partners) shall take part in the management of the business of the Partnership, transact any business for the Partnership Partnership, or have the power to sign for or to bind the Partnership to any agreement or documentdocuments, said powers being vested solely and exclusively with in the General Partner as set forth hereinPartner; provided, however that the Partners acknowledge and agree that the exercise of any of the powers or rights granted to the Limited Partners hereunder shall not be deemed taking part in the management of the business of the Partnership.
Appears in 1 contract
Samples: Sonesta International Hotels Corp
