Limited Partners. (a) No Limited Partner shall take part in the management or control of the Partnership's business, transact any business in the Partnership's name or have the power to sign documents for or otherwise to bind the Partnership.
Appears in 9 contracts
Samples: Lease Agreement (Lyondell Chemical Co), Lease Agreement (Equistar Funding Corp), Lease Agreement (Equistar Chemicals Lp)
Limited Partners. (a) No Limited Partner shall take part in the operation, management or control (within the meaning of the Act) of the Partnership's business, transact any business in the Partnership's name or have the power to sign documents for or otherwise to bind the Partnership; provided, however, that nothing contained herein is intended to limit the ability of any Limited Partner who is employed by the Partnership to discharge the express duties and responsibilities of such employment.
Appears in 8 contracts
Samples: Exchange Rights Agreement (LTC Properties Inc), Exchange Rights Agreement (LTC Properties Inc), Exchange Rights Agreement (LTC Properties Inc)
Limited Partners. (a) No Limited Partner shall take part in the management or control of the Partnership's ’s business, transact any business in the Partnership's ’s name or have the power to sign documents for or otherwise to bind the Partnership.
Appears in 5 contracts
Samples: Agreement (Millennium Chemicals Inc), Lease Agreement (Millennium Chemicals Inc), Lease Agreement (Equistar Chemicals Lp)
Limited Partners. (aA) No Limited Partner shall take part in the management or control of the Partnership's businessPartnership Business, transact any business in the Partnership's name or have the power to sign documents for or otherwise to bind the Partnership.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)
Limited Partners. (a1) No Limited Partner shall take part in the management or control of the Partnership's businessPartnership Business, transact any business in the Partnership's name or have the power to sign documents for or otherwise to bind the Partnership.
Appears in 1 contract
Samples: Citgo Petroleum Corp
Limited Partners. Except in the case of a General Partner who ---------------- acquires a limited partnership interest, no Limited Partner shall participate in, or have any control over, the management of the Partnership's business (a) including the sale of any Partnership asset), nor transact any business for the Partnership. No Limited Partner shall take part in the management or control of the Partnership's business, transact any business in the Partnership's name or have the power to sign documents for or otherwise to bind the Partnership.
Appears in 1 contract
