Rights and Duties of the Partners. (a) The Limited Partners shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership. The Limited Partners shall have the right to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth herein.
Appears in 8 contracts
Samples: www.sec.gov, Penske Automotive Group, Inc., Penske Automotive Group, Inc.
Rights and Duties of the Partners. (a) The Limited Partners Partner as limited partner in the Partnership shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership. The Limited Partners shall have the right to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth herein.
Appears in 2 contracts
Samples: Agreement (Graham Packaging Acquisition Corp.), Graham Packaging Acquisition Corp.
Rights and Duties of the Partners. (a) The Limited Partners as limited partners in the Partnership shall not participate in the control of the business of the Partnership Partnership, and the Limited Partners shall have no power to act for or bind the Partnership. The Limited General Partners not constituting a Managing General Partner shall have no power to act for or bind the right Partnership, other than pursuant to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth hereina GP Action.
Appears in 1 contract
Samples: Graham Packaging Holdings Co
