OTHER RIGHTS OF LIMITED PARTNERS. The Limited Partners shall not participate in the management or control of the business of, or transact any business for, the Partnership. The Limited Partners shall have no power to sign for or bind the Partnership in their capacity as Limited Partners. Limited Partners owning 90% or more of the outstanding Units held by Limited Partners will have the right to remove the General Partner at any time.
Appears in 11 contracts
Samples: Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii)
OTHER RIGHTS OF LIMITED PARTNERS. The Limited Partners ----------------------------------- shall not participate in the management or control of the business of, or transact any business for, the Partnership. The Limited Partners shall have no power to sign for or bind the Partnership in their capacity as Limited Partners. Limited Partners owning 90% or more of the outstanding Units held by Limited Partners will have the right to remove the General Partner at any time.
Appears in 2 contracts
Samples: Partnership Agreement (Aldila Inc), Partnership Agreement (Aldila Inc)
