Common use of Specific Limitations Clause in Contracts

Specific Limitations. The General Partner shall not, except as herein provided, without written consent of the Limited Partner: (a) Do any act in contravention of this Agreement; (b) Do any act which would make it impossible to carry on the ordinary business of the Partnership; (c) Confess a judgement against the Partnership; (d) Possess Partnership property, or assign its specific rights in specific Partnership property, for other than a Partnership purpose; (e) Admit a person as a General or Limited Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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Specific Limitations. The General Partner shall not, except as herein provided, without written consent of the Limited Partner: : (a) Do any act in contravention of this Agreement; ; (b) Do any act which would make it impossible to carry on the ordinary business of the Partnership; ; (c) Confess a judgement against the Partnership; ; (d) Possess Partnership property, or assign its specific rights in specific Partnership property, for other than a Partnership purpose; ; (e) Admit a person as a General or Limited Partner.. 13.05

Appears in 1 contract

Samples: Limited Partnership Agreement

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