Common use of Status of Limited Partner Clause in Contracts

Status of Limited Partner. (a) The Limited Partner shall not participate in the management or control of the Partnership’s business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of bind the Partnership, such powers being vested solely and exclusively in, the General Partner.

Appears in 6 contracts

Samples: Agreement of Limited (Hughes MRO, Ltd.), Agreement of Limited (Hughes MRO, Ltd.), Agreement of Limited (Hughes MRO, Ltd.)

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Status of Limited Partner. (a) The Limited Partner Partners shall not participate in the management or control of the Partnership’s business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of bind the Partnership, such powers being vested solely and exclusively in, the General Partner.

Appears in 5 contracts

Samples: Agreement (HSI IP, Inc.), Agreement (HSI IP, Inc.), Agreement (HSI IP, Inc.)

Status of Limited Partner. (a) The Limited Partner shall not participate in the management or control of the Partnership’s business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of or bind the Partnership, such powers being vested solely and exclusively in, in the General Partner.

Appears in 2 contracts

Samples: Hughes Water & Sewer, LTD, Hughes MRO, Ltd.

Status of Limited Partner. (a) The Limited Partner shall not participate in the management or control of the Partnership’s 's business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of or bind the Partnership, such powers being vested solely and exclusively in, the General Partner.

Appears in 1 contract

Samples: Agreement (Urban Shopping Centers Inc)

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Status of Limited Partner. (a) The Limited Partner Partners shall not participate in the management or control of the Partnership’s business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of or bind the Partnership, such powers being vested solely and exclusively in, in the General Partner.

Appears in 1 contract

Samples: HSI IP, Inc.

Status of Limited Partner. (a) The Limited Partner shall not participate in the management or control of the Partnership’s 's business, nor shall it transact any business for the Partnership, nor shall it have the power to act for of or bind the Partnership, such powers being vested solely and exclusively in, in the General Partner.

Appears in 1 contract

Samples: Toll Finance Corp

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