Forbidden Acts definition

Forbidden Acts. No partner shall: 25A. Have the right or authority to bind or obligate the Partnership to any extent whatsoever with regard to any matter outside the scope of the Partnership purpose.
Sample 1Sample 2
Forbidden Acts. No partner shall: (a) Exercise the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose. (b) Except as provided elsewhere in this agreement, without the unanimous consent of all the other partners, assign, transfer, pledge, mortgage or sell all or part of his interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership. (c) Purchase an investment for the partnership where less than the full purchase price is paid for same. (d) Use the partnership name, credit or property for other than partnership purposes. (e) Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the business or affairs of the partnership.
Sample 1Sample 2
Forbidden Acts. No partner shall: Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose. Assign, transfer, pledge, mortgage or sell all or part of his interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership. Purchase an investment for the partnership where less than the full purchase price is paid for same. Use the partnership name, credit or property for other than partnership purposes. Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the business or affairs of the partnership. Recognition of Risks. Every investment involves a certain element of risk. By signing this agreement, each partner states that he or she understands and accepts these risks, and understands that no returns are guaranteed. Partners further acknowledge that no statements or discussions made as part of the partnerships activities should be construed as individual investment advice.
Sample 1

Examples of Forbidden Acts in a sentence

  • Forbidden Acts: No partner shall: Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose.

  • Any violation of the above Forbidden Acts will be deemed an Involuntary Withdrawal of the offending Partner and may be treated accordingly by the remaining Partners.

  • Forbidden Acts No Coalition Partner shall: Have the right or authority to bind or obligate the XXXX to any extent whatsoever with regard to any matter outside the scope of the partnership purpose.

  • Forbidden Acts: If you sell, mortgage, pawn, pledge, encumber, xxxx, dispose of the property or move it from your current residence, without our consent, you will have breached this lease, and we will have the immediate right to possession of the property.

  • Forbidden Acts No Partner may do any act in contravention of this Agreement.

  • Forbidden Acts: No partner shall: Have the right or authority to bind the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership agreement.

  • Any violation of data above Forbidden Acts will be deemed an Involuntary Withdrawal of the offending Partner and gas be treated accordingly by the remaining Partners.

  • Any violation of the above Forbidden Acts will be deemed an involuntary withdrawal of the offending Partner and may be treated accordingly by the remaining Partners.

  • Forbidden Acts: No party shall: Have the right or authority to bind or obligate the JV to any extent whatsoever with regard to any matter outside the scope of the JV purpose.


More Definitions of Forbidden Acts

Forbidden Acts. No partner shall: Exercise the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose. Except as provided elsewhere in this agreement, without the unanimous consent of all the other partners, assign, transfer, pledge, mortgage or sell all or part of his interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership. Purchase an investment for the partnership where less than the full purchase price is paid for same. Use the partnership name, credit or property for other than partnership purposes. Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the business or affairs of the partnership.
Sample 1
Forbidden Acts. No partner shall:
Sample 1

Related to Forbidden Acts

  • Competition Laws means statutes, rules, regulations, orders, decrees, administrative and judicial doctrines, and other laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization, lessening of competition or restraint of trade.

  • Securities Acts means the Securities Act of 1933 and the Securities Exchange Act of 1934.

  • Communications Laws means collectively, the Act, the Rules, and the published and promulgated orders and decisions of the Commission to which JTC is subject by virtue of its business activities, including but not limited to the Antenna Structure Rules.

  • Third Parties Act has the meaning given to it in Clause 1.5 (Third party rights).

  • Anticorruption Laws means the U.S. Foreign Corrupt Practices Act of 1977, or any other anticorruption or anti-bribery Applicable Law applicable to the Company or any of the Company Subsidiaries.

  • Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption.

  • Electricity Act means the Electricity Act, 1998, S.O. 1998, c. 15, Schedule A;

  • Bail-In Legislation means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

  • Data Protection Laws and Regulations means all laws and regulations, including laws and regulations of the European Union, the European Economic Area and their member states, Switzerland and the United Kingdom, applicable to the Processing of Personal Data under the Agreement.

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and