Rights and Obligations of the Limited Partners Sample Clauses

Rights and Obligations of the Limited Partners. 10.1 No Participation in Management. 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.

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 continued Page 8.1. Confidentiality 36

Rights and Obligations of the Limited Partners. 28 8.1 Management of the Partnership...........................................................................28

Rights and Obligations of the Limited Partners. 8.1 No Participation in Management No Limited Partner (other than the General Partner if it has an Interest as a Limited Partner as permitted by paragraph 3.4 hereof and then only in its capacity as General 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.

Rights and Obligations of the Limited Partners. 8.1 Management of the Partnership 8.2 Power of Attorney 8.3 Limitation on Liability of Limited Partners

Rights and Obligations of the Limited Partners. Section 7.1 Limitation of Liability 34 Section 7.2 Management of Business 35 Section 7.3 Outside Activities 35 Section 7.4 Return of Capital 35 Section 7.5 Rights of the Limited Partners Relating to the Partnership 35 Section 7.6 Votes and Voting 36

Rights and Obligations of the Limited Partners. Meetings of the Limited Partners may be called by any Partner. Meetings shall be held at the place determined by the General Partner. Meetings shall be conducted in accordance with rules and regulations adopted by the General Partner consistent with the provisions of the California Revised Limited Partnership Act. The General Partner shall be free to vary any provisions of that Act with respect to meetings as fully as if the rules and regulations adopted by the General Partner were part of this Partnership Agreement and approved by each of the Partners. Limited Partners shall take no part in the control, conduct, or operation of the business of the Partnership and shall have no right or authority to act for or bind the Partnership. Limited Partners shall have the right by unanimous vote to approve or disapprove only the following matters, and no others: (A) Election of a new General Partner; (B) Termination and dissolution of the Partnership; (C) Sale or transfer of the Partnership property; (D) Subject to Section 15, the removal of a General Partner; or (E) Subject to Section 17, the amendment of this Agreement. Each of the foregoing acts, except as provided in Section 15, shall also require the approval of the General Partner. No Limited Partner shall have the right or power to withdraw or reduce the capital contribution of the Limited Partner except on dissolution and liquidation of the Partnership. Limited Partners may consult with the General Partner on matters relating to the business of the Partnership; however, no such consultation shall constitute participation in the control of the business of the Partnership or constitute taking action on behalf of the Partnership. Limited Partners as a group shall constitute an audit committee of the Partnership, which shall have the authority and responsibility to review Partnership financial statements, tax returns, and accounting practices of the Partnership, and to make recommendations with respect to those matters. (F) Any other matter on which the General Partner decides, in his sole discretion, to seek a vote of the Limited Partners, provided that the General Partner has received, before the vote, a written opinion of counsel that neither the vote on, nor approval of, the matter will cause the Limited Partners to participate in the control of the Partnership's business.

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