Role of Limited Partner. Except as otherwise provided in this Agreement and the Act, the Limited Partner shall take no part in or interfere in any manner with the conduct or control of the business of the Partnership and shall have no right or authority to act for or bind the Partnership.
Appears in 7 contracts
Samples: Agreement (Marietta Surgical Center, Inc.), Agreement (Marietta Surgical Center, Inc.), Agreement (Marietta Surgical Center, Inc.)
Role of Limited Partner. Except as otherwise provided in this Agreement and the Act, the No Limited Partner shall take no part in or interfere in any manner with the conduct or control of the business of the Partnership and shall or have no any right or authority to act for or bind the Partnership in any manner whatsoever. No vote, consent or approval given by any Limited Partner shall ever be construed to make such Limited Partner liable as a General Partner or to cause such Limited Partner to have any liability beyond that set forth in Paragraph 5.5. No Limited Partner or any Affiliate thereof shall make any loan to the Partnership.. 5.7
Appears in 1 contract
Samples: Agreement (Pepco Holdings Inc)
Role of Limited Partner. Except as otherwise provided in this Agreement and the Act, the No Limited Partner shall take no part in or interfere in any manner with the conduct or control of the business of the Partnership and shall or have no any right or authority to act for or bind the Partnership in any manner whatsoever. No vote or consent given by any Limited Partner shall ever be construed to make a Limited Partner liable a General Partner or to cause the Limited Partners to have any liability beyond that set forth in paragraph 5.5. No Limited Partner or any Affiliate shall make any loan to the Partnership.. 5.7
Appears in 1 contract
Samples: Pepco Holdings Inc
