Role of Limited Partner. The Limited Partner shall not participate in or have any control over the Partnership business or shall have any authority or right to act for or bind the Partnership. The Limited Partner hereby consents to the exercise by the General Partner of the powers conferred upon it by this Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Frost Phillip Md Et Al), Agreement of Limited Partnership (Frost Phillip Md Et Al), Limited Partnership Agreement (Frost Phillip Md Et Al)
Role of Limited Partner. The Except as otherwise provided in this Agreement, or as approved by the General Partner and as will not under Applicable Laws result in a Limited Partner being subject to general liability for Partnership obligations, the Limited Partners shall not participate take part in, or interfere in any manner with, the conduct or have any control over of the business of the Partnership business or and shall have any no rights or authority or right to act for or bind the Partnership. The Limited Partner hereby consents to the exercise by the General Partner of the powers conferred upon it by this Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sithe Independence Power Partners Lp), Limited Partnership Agreement (Sithe Independence Power Partners Lp), Limited Partnership Agreement (Sithe Independence Funding Corp)
