Rights of Partners. Except as otherwise provided in this Agreement, the Partners shall look solely to the assets of the Partnership for the return of their capital contributions and shall have no right or power to demand or receive property other than cash from the Partnership.
Rights of Partners. Each Partner shall look solely to the assets of the Partnership for the return of its Capital Contribution. Except as otherwise provided in this Agreement, no Partner shall have priority over any other Partner as to the return of its Capital Contribution, distributions, or allocations.
Rights of Partners. 54 SECTION 12.06.
Rights of Partners. The Interests shall be personal property giving only the rights specifically set forth in this Agreement. The ownership of the Assets of every description is vested in the Company. The right to conduct and supervise the conduct of the business of the Company is vested exclusively in the General Partner, subject to the rights of the Directors specified herein or required by the Investment Company Act (subject to the right of the General Partner and Board of Directors to delegate all or any part of their authority to any person or group of persons, including, without limitation, the Investment Manager), and the Partners shall have no interest therein other than the beneficial interest conferred by their Interests, and they shall have no right to call for any partition or division of any property, profits, rights or interests of the Company nor can any Partner (other than the General Partner) be called upon to share or assume any losses of the Company or suffer an assessment of any kind by virtue of their ownership of Interests. No Interests of any class or series shall entitle the holder to preference, preemptive, appraisal, conversion or exchange rights (except as otherwise specified in this Agreement or as specified by the General Partner in the designation or redesignation of any such class or series).
Rights of Partners. 30 9.1 Delegation and Contracts with Related Parties ........................... 30 9.2
Rights of Partners. Except as otherwise provided in this Agreement, (a) each Partner shall look solely to the assets of the Partnership for the return of its Capital Contributions and shall have no right or power to demand or receive property other than cash from the Partnership, and (b) no Partner shall have priority over any other Partner as to the return of its Capital Contributions, distributions, or allocations. If, after the Partnership ceases to exist as a legal entity, a Partner is required to make a payment to any Person on account of any activity carried on by the Partnership, such paying Partner shall be entitled to reimbursement from each other Partner consistent with the manner in which the economic detriment of such payment would have been borne had the amount been paid by the Partnership immediately prior to its cessation.
Rights of Partners. The right of the partners shall be regulated by the provisions of the LLP Act, 2008 and rules made thereunder and the LLP Agreement. Following shall, inter alia, be the rights of the partners: Right to take part in business Every partner of the LLP shall have right to take part in the conduct of business of the LLP. Right to assets on dissolution In the event of any distribution of assets and properties in accordance with the provisions of the LLP Act, 2008 and rules made there under, all the partners shall have the rights, title and interests in all the assets and properties of the LLP. Such rights, titles and interest shall be in the proportion to their respective capital contribution. Right to access and inspect the Statutory records All the partners shall have the right to access, inspect and take copy of all the statutory books, registers, books of accounts or other record maintained by the LLP. Right to share of profit etc All the partners shall have right to receive their share of profits, interest on the money advanced to the LLP as loan and remuneration as admissible to them under the LLP agreement. Right to carry on any other business All the partners including designated partners shall have right to carry on any other business independently of other partners of the LLP. Authorities of Partners Every Partner shall, for the purpose of the business of the LLP, be the agent of the LLP and not of the partners. No partner shall have the authority to bind or obligate the LLP to any extent whatsoever with regard to any matter outside the scope of the objectives of the LLP. No partner shall use the name or brand of the LLP, credit or the property for purposes other than the business of the LLP; No partner shall act in a manner which is detrimental to the interest of the LLP. The liability of the Partners shall be limited as provided in the LLP Act and set forth in this agreement. The LLP shall indemnify and defend its partners and other officers from and against any or all liability(s) in connection with claims, actions and proceedings, regardless of the outcome, loss or settlement thereof, whether civil or criminal, arising out of or resulting from their respective performance as partners and officers of the LLP, except for the gross negligence or wilful misconduct on the part of partners or the officers(s). Duties of the Partners Each partner of the LLP shall be bound to carry on the business of the LLP in a diligent manner to the greatest common advan...
Rights of Partners in Capital (a) No Partner shall be entitled to interest on its capital contributions to the Partnership.
Rights of Partners in Capital (a) No Partner shall be entitled to interest on its capital contributions to the Partnership. (b) No Partner shall have the right to distributions or the return of any contribution to the capital of the Partnership except (i) for distributions in accordance with Section 4.1 or Section 6.4, or (ii) upon dissolution of the Partnership. The entitlement to any such return at such time shall be limited to the value of the Capital Account of the Partner. The General Partner shall not be liable for the return of any such amounts. Section 3.3
Rights of Partners. (a) In addition to those rights provided by this Agreement, the Partners shall have those rights specifically provided to them in Section 17-305 of the Act with respect to access to the records and other information at reasonable times and upon reasonable terms.
