Participation in Management. The Limited Partner shall not participate in the management or control of the business of the Partnership, and shall have no power to sign for or bind the Partnership.
Appears in 14 contracts
Samples: Limited Partnership Agreement (Apple Suites Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc)
Participation in Management. The Limited Partner shall not have the right, power, or authority to participate in the ordinary and routine management of Partnership affairs or control of the business of the Partnership, and shall have no power to sign for or bind the PartnershipPartnership in any manner.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement
Participation in Management. The Limited Partner shall not participate in the management or control of the Partnership’s business of nor shall it transact any business for the Partnership, and nor shall it have no the power to sign act for or bind the Partnership, said powers being vested solely and exclusively in the General Partner.
Appears in 1 contract
