Relationship of the Partners. Each Partner may have other business interests and may engage in any other business, trade, profession, or employment whatsoever on his own account or in partnership with, as an employee of, or as an officer, director, or stockholder of any other person, firm, or corporation (whether competitive with the Partnership or otherwise) and he shall not be required to devote his entire time to the business of the Partnership. No Partner shall receive any salary or other special compensation or services rendered by him as Partner of the Partnership, except as otherwise agreed upon by all the Partners. Each of the parties hereto are Partners for the purpose of this Partnership as set forth herein, but nothing contained in this Agreement shall make the Partners “partners” with respect to any matters unrelated to the Partnership, or render them liable for any debts or obligations of any other Partner, nor shall any Partner be hereby constituted the agent for any Partner except to the limited extent herein specifically permitted and as may be hereinafter agreed upon by consent of all the parties.
Relationship of the Partners. Each Partner may have other business interests and may engage in any other business, trade, profession, or employment whatsoever on his own account or in partnership with, as an employee of, or as an officer, director, or stockholder of any other person, firm, or corporation (whether competitive with the Partnership or otherwise) and he shall not be required to devote his entire time to the business of the Partnership. Each Partner shall devote such time and attention to the conduct of the business of the Partnership as shall be deemed by all of the Partners to be required for the business of the Partnership. No Partner shall receive any salary or other special compensation or services rendered by him as Partner of the Partnership, except as otherwise agreed by all the Partners. Notwithstanding the foregoing, each Partner shall be permitted to do business with the Partnership and with any other Partner individually or with any business entity in which such Partner may have an interest. It is understood that each of the parties hereto are Partners for the purpose of this Partnership as set forth in Paragraph 1 hereof, but nothing contained in this Agreement shall make the Partners partners with respect to matters unrelated to the Partnership, or render them liable for any debts or obligations of any Partner, nor shall any Partner be hereby constituted the agent for any Partner except to the limited extent herein specifically permitted and as may be hereinafter agreed upon by consent of all the parties.
Relationship of the Partners. Nothing herein shall be construed to authorize a Partner to act as general agent for the other Partners.
Relationship of the Partners. (a) The relationship of the Partners shall be limited solely to the purpose and scope of the Company as expressed in this Partnership Agreement. This Partnership Agreement shall not constitute the appointment of any party to this Partnership Agreement as the legal representative or agent of any other party to this Partnership Agreement. No party to this Partnership Agreement shall have any right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name of or on behalf of any other party to this Partnership Agreement. Except as may be specifically provided in this Partnership Agreement, the Alliance Agreement or the Investment Agreement, neither the Company nor any party to this Partnership Agreement shall assume or be responsible for any liability or obligation of any nature of, or any liability or obligation that arises from any act or omission to act of, any other party to this Partnership Agreement however or whenever arising.
(b) Except as expressly set forth in Section 5.4 of this Partnership Agreement, nothing contained in this Partnership Agreement shall be deemed to restrict or limit in any way the carrying on (directly or indirectly) of separate businesses or activities by any Partner now or in the future, even if such businesses or activities are competitive with the Company, and neither the Partnership nor the other Partners shall, by virtue of this Partnership Agreement, have any interest or rights in or to such other businesses or activities or any profits, liabilities or obligations with respect thereto. No Partner or any of its Affiliates or any of their respective officers, directors, employees or former employees shall have any obligation, or be liable, to the Company or any other Partner pursuant to this Partnership Agreement for or arising out of the conduct described in this Section, for exercising, performing or observing or failing to exercise, perform or observe, any of such Partner’s rights or obligations under this Partnership Agreement, the Alliance Agreement or the Investment Agreement, for exercising or failing to exercise its rights as a Partner or, solely by reason of such conduct, for breach of any fiduciary or other duty to the Company or any Partner, except in each case for a breach of Sections 3.1, 5.1 or 5.4 or any other express provisions of this Partnership Agreement. The Partners acknowledge that the right of each Partner to designate Representatives...
Relationship of the Partners. Nothing contained in this Agreement shall be construed as creating a partnership or a relation of mandatory agent between the Partners.
Relationship of the Partners. The relationship between each of the Partners shall be limited to the performance of the transactions contemplated by this Agreement. The relationship set forth in this Agreement shall be construed and deemed to be a partnership created for the sole purpose of carrying out the transactions contemplated hereby.
Relationship of the Partners. Each of the Partners is a separate entity. Nothing contained in or implied from the Arrangement or associated Grant Funding Agreements will be construed as creating, and no Partner will state, imply or do anything to suggest that the Arrangement creates, a relationship of employer/employee, or principal/agent or a legal partnership between the Partners, or any of their employees, agents or sub-contractors. Each of the Partners remains responsible for the liability of its own employees, agents and sub-contractors and for related tax, insurances or such other costs attributed to their employment or engagement.
Relationship of the Partners. The relationship of the Partners shall be limited solely to the purpose and scope of the Company as expressed in this Partnership Agreement. This Partnership Agreement shall not constitute the appointment of any Partner as the legal representative or agent of any other Partner, and no Partner shall have any right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name of or on behalf of any other Partner.
Relationship of the Partners. 16 13.10 Counterparts............................................. 17 13.11 Waiver................................................... 17 13.12 Appendices............................................... 17 APPENDIX A Tax Matters................................................A-1 APPENDIX B Facility...................................................B-1 AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF MOSS BLUFF HUB XXXTNERS, L.P. This Amended and Restated Agreement of Limited Partnership dated as of December 15, 1994 of Moss Bluff Hub Xxxtners, L.P., a Delaware limited partnership, is entered into by and between Moss Bluff Hub Xxxtners, Inc., a Delaware corporation ("MBHP GP") and Market Hub Partners, L.P., a Delaware limited partnership ("MHP"),
Relationship of the Partners. Each Pool Partner is a separate entity. Nothing contained or implied in this Arrangement or associated Grant Funding Arrangement shall be construed as creating, and no Partner shall state, imply or do anything to suggest that this Arrangement creates, a relationship of employer/employee, or principal/agent or a legal partnership or an international treaty between sovereign states between the Pool Partners, or any of their employees, agents or sub-contractors.
