Common use of Participation in Management Clause in Contracts

Participation in Management. No Limited Partner shall have the right, power, or authority to take any part in the control or management of, or to transact any business for, the Partnership, or to sign for or bind the Partnership in any manner.

Appears in 2 contracts

Samples: Agreement (American Homestar Corp), Agreement (American Homestar Corp)

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Participation in Management. No Subject to the Major Decisions, no Limited Partner shall have the right, power, or authority to take any part in the control or management of, or to transact any business for, the Partnership, or to sign for or bind the Partnership in any manner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (HF Enterprises Inc.), Agreement of Limited Partnership (SeD Intelligent Home Inc.)

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