Common use of Role of Limited Partners Clause in Contracts

Role of Limited Partners. Except to the extent provided in this Agreement, the Limited Partners shall not participate in or have any control whatsoever over the Partnership’s business or have any authority or right to act for or bind the Partnership. The authority to conduct the business of the Partnership shall be exercised only by the General Partner. The Limited Partners hereby consent to the exercise by the General Partner of the powers conferred on it by this Agreement, subject to the restrictions and limitations set forth in this Agreement or the Act.

Role of Limited Partners. Except to the extent as otherwise provided in this Agreement, the a Limited Partners Partner shall not participate take no part in or interfere in any manner with the conduct or control of the business of the Partnership and shall have any control whatsoever over the Partnership’s business no right or have any authority or right to act for or bind the Partnership. The authority to conduct the business of the Partnership shall be exercised only by the General Partner. The Limited Partners hereby consent to the exercise by the General Partner of the powers conferred on it by this Agreement, subject to the restrictions and limitations set forth in this Agreement or the Act.

Role of Limited Partners. Except to the extent as may otherwise be provided in this Agreement, no Limited Partner shall, in the capacity of a Limited Partners shall not participate Partner, take part in or interfere in any manner with the conduct or control of the business of the Partnership, or have any control whatsoever over the Partnership’s business right or have any authority or right to act for or bind on behalf of the Partnership. The authority to conduct the business of the Partnership shall be exercised only by the General Partner. The Limited Partners hereby consent to the exercise by the General Partner of the powers conferred on it by this Agreement, subject to the restrictions and limitations set forth in this Agreement or the Act.

Role of Limited Partners. Except to the extent as otherwise provided in this AgreementAgreement and the Act, the a Limited Partners Partner shall not participate take no part in or interfere in any manner with the conduct or control of the business of the Partnership and shall have any control whatsoever over the Partnership’s business no right or have any authority or right to act for or bind the Partnership. The authority to conduct the business of the Partnership shall be exercised only by the General Partner. The Limited Partners hereby consent to the exercise by the General Partner of the powers conferred on it by this Agreement, subject to the restrictions and limitations set forth in this Agreement or the Act.