Common use of Restrictions on Limited Partners Clause in Contracts

Restrictions on Limited Partners. A. No Limited Partner shall participate in the management and control of the business of the Partnership, transact any business for the Partnership, or attempt to do so; and B. No Limited Partner shall have the power to represent, sign for or bind the General Partner or the Partnership.

Restrictions on Limited Partners. A. No Limited Partner shall participate shall: (a) be permitted to take part in, or interfere in any manner with, the management and control of the business or affairs of the PartnershipPartnership other than by exercising their rights as partners in general meetings; or (b) have the authority or power to act as agent for or on behalf of the Partnership or any other partner, transact to do any business for act which would be binding on the PartnershipPartnership or any other partner, or attempt to do so; and B. No Limited Partner shall have the power incur any expenditures on behalf of or with respect to represent, sign for or bind the General Partner or the Partnership.

Restrictions on Limited Partners. A. No The Limited Partner Partners shall participate not take part in, or interfere in any manner with, the management and management, conduct or control of the Partnership business of the Partnership, transact any business for the Partnershipor Partnership Property, or attempt to do so; and B. No the Sale, leasing or refinancing of Partnership Property, except as explicitly provided for in this Agreement. The Limited Partner Partners shall have the power no right or authority: (i) to represent, sign act for or bind the General Partner or Partnership; (ii) to enter into any transaction on behalf of the Partnership.; or (iii) to make any conveyance or alienation of the Partnership Property.104