Common use of Powers; Actions Clause in Contracts

Powers; Actions. The Limited Partners shall neither participate in the management or control of the Partnership's business nor shall they transact any business for the Partnership, nor shall they have the power to sign for or bind the Partnership, said powers being vested solely and exclusively in the General Partner.

Appears in 4 contracts

Samples: Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp)

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