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Common use of Rights and Obligations of Limited Partners Clause in Contracts

Rights and Obligations of Limited Partners. 8.1 No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

Appears in 17 contracts

Samples: Limited Partnership Agreement, Agreement of Limited Partnership (United States Heating Oil Fund, LP), Limited Partnership Agreement (United States Oil Fund, LP)

Rights and Obligations of Limited Partners. 8.1 No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (United States Oil Fund, LP), Limited Partnership Agreement (United States Oil Fund, LP)

Rights and Obligations of Limited Partners. 8.1 No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest Interest of a Limited Partner) shall take part in the management of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership.

Appears in 1 contract

Samples: Agreement of Limited Partnership (New York Oil ETF, LP)

Rights and Obligations of Limited Partners. 8.1 aj. No Participation in ManagementManagement . No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) , in its capacity as such, shall take part participate in the management control or business of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the PartnershipPartnership in any other way.

Appears in 1 contract

Samples: Exempted Limited Partnership Agreement (Third Point Reinsurance Ltd.)

Rights and Obligations of Limited Partners. 8.1 8.1. No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (United States Natural Gas Fund, LP)