Common use of Restrictions on Limited Partners Clause in Contracts

Restrictions on Limited Partners. 5.02. The Limited Partners do not have either the obligation or the right to take part, directly or indirectly, in the active management or control of the business of the Partnership, except as otherwise permitted in this Agreement and except for the following:

Restrictions on Limited Partners. 5.02. 8.12 The Limited Partners do shall not have either the obligation or the right to take part, directly or indirectly, participate in the active management or control of the business Partnership business, in their capacities as such. A Limited Partner shall not do any act, deed or thing that will cause the Limited Partner to be classified as a General Partner of the Partnership. However, except a Limited Partner may engage in or participate in such activities as otherwise permitted do not involve participation in this Agreement and except for the following:control of the Partnership’s business, as specified in the TRLPA.

Restrictions on Limited Partners. 5.02. The Limited Partners do not have either the obligation or the right to take part, directly or indirectly, in the active management or control of the business 346 of the Partnership, except as otherwise permitted in this The Agreement and except for the following:.

Restrictions on Limited Partners. 5.02. 8.17 The Limited Partners do shall not have either the obligation or the right to take part, directly or indirectly, participate in the active management or control of the business Partnership business. A Limited Partner shall not do any act, deed, or thing that will cause the Limited Partner to be classified as a General Partner of the Partnership. However, except as otherwise permitted in this Agreement and except for the followinga Limited Partner may:

Restrictions on Limited Partners. 5.02. The Limited Partners do Partner shall not have either the obligation or the right to take part, directly or indirectly, in the active management or control of the business, and no Limited Partner is authorized to perform any act in the name of or on behalf of either the General Partner or the Partnership. The Limited Partner is specifically prohibited from having any voice or taking part in the business affairs or business operations of the Partnership, except directly or indirectly. The Limited Partner is specifically prohibited from doing any act that will cause the Limited Partner to be classified as otherwise permitted in this Agreement and except for a General Partner of the following:Partnership.