Participation in Partnership Business by Limiteds. No Limited (except one who may also be a General Partner, and then only in his capacity as a General Partner) shall participate in or have any control over the Partnership business (except as required by law) or shall have any authority or right to act for or bind the partnership. The Limiteds hereby consent to the exercise by the Managing Partner and the General Partners of the powers conferred on them by this Agreement.
Appears in 6 contracts
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies Lp LLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies Lp LLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies Lp LLP)
Participation in Partnership Business by Limiteds. No Limited (except one who may also be a General Partner, and then only in his capacity as a General Partner) shall participate in or have any control over the Partnership business (except as required by law) or shall have any authority or right to act for or bind the partnershipPartnership. The Limiteds hereby consent to the exercise by the Managing Partner and the General Partners of the powers conferred on them by this Agreement.
Appears in 2 contracts
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Cos Lp), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies Lp LLP)
