Rights and Obligations of the Limited Partners. 8.1 Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor shall they transact any business for the Partnership, nor shall they have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.
Rights and Obligations of the Limited Partners. 10.1 No Participation in Management. No Limited Partner, in its capacity as such, 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. Any rights expressly granted to the Limited Partners in this Agreement shall not be deemed to be rights relating to the management of the Partnership's business.
Rights and Obligations of the Limited Partners. 28 8.1 Management of the Partnership...........................................................................28
Rights and Obligations of the Limited Partners. 22 8.1 Management of the Partnership 22 8.2 Power of Attorney 22 8.3 Limitation on Liability of Limited Partners 22 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate 22 8.5 Initial Limited Partner Right of Redemption 23 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 23 9.1 Purchase for Investment 23 9.2 Restrictions on Transfer of Limited Partnership Interests 23 9.3 Admission of Substitute Limited Partner 24 9.4 Rights of Assignees of Partnership Interests 25 9.5 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 26 9.6 Joint Ownership of Interests 26
Rights and Obligations of the Limited Partners. 30 8.1 Management of the Partnership. 30
Rights and Obligations of the Limited Partners. 7.1. No Right of Management or Authority to Act 32 7.2. Limitation on Liability of Partners 32 7.3. Power of Attorney 33 7.4. Waiver of Action for Partition 34 7.5. Indemnification for Breach by Limited Partner 34 7.6. Indemnity as to Tax Withholding 35 7.7. Stockholders Agreement Obligations 35 7.8. Investment Company LP Obligation 35 Table of Contents continued Page ARTICLE 8 CONFIDENTIALITY 8.1. Confidentiality 36
Rights and Obligations of the Limited Partners. (a) No Limited Partner shall be personally liable, whether to the Partnership, to any of the other Partners, to the creditors of the Partnership or to any other Third Party, for any of the debts, obligations or liabilities of the Partnership or any of the losses thereof, whether arising in contract, tort or otherwise, other than (i) the amount contributed by the Limited Partner to the Partnership, (ii) the share of undistributed profits of the Partnership attributable to such Limited Partner, (iii) its obligation to make other payments expressly provided for in this Agreement and (iv) the amount of any distributions wrongfully distributed to it.
Rights and Obligations of the Limited Partners. 10.1 No Participation in Management; No Personal Liability. Except as expressly permitted hereunder, the Limited Partners shall not 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. Except for any liability to the Partnership pursuant to Section 17-607 of the Act for the amount of certain distributions and as otherwise specifically provided in this Agreement, no Limited Partner shall have any personal liability, beyond the amount of such Limited Partner's Capital Contributions, whether to the Partnership, to the General Partner or to the creditors of the Partnership, including, without limitation, for the debts, obligations, expenses or liabilities of the Partnership or any of its losses.
Rights and Obligations of the Limited Partners. 14.1 Limited Liability. A Limited Partner or any Feeder Fund Investor that receives the return of any part of its Capital Contribution shall be liable to the Investment Partnership for the amount of its Capital Contribution so returned to the extent, and only to the extent, provided by the Act, except as provided in Article VI. Except as provided in Article VI or the Act, the Limited Partners and the Feeder Fund Investors shall not otherwise be liable to the Investment Partnership for the repayment, satisfaction, or discharge of the Investment Partnership’s debts, liabilities or obligations. Except as provided in the Act, no Limited Partner nor any Feeder Fund Investor shall be personally liable to any third party for any liability or other obligation of the Investment Partnership.
Rights and Obligations of the Limited Partners. 30 8.01 Management of the Partnership. . . . . . . . . . . . . . . . . . . 30 8.02
