Common use of Management of Business Clause in Contracts

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 8 contracts

Samples: Agreement (Buckeye Partners, L.P.), Agreement and Plan of Merger (Buckeye GP Holdings L.P.), Agreement

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Management of Business. No Limited Partner shall(other than the General Partner, any Affiliate thereof or a general partner, shareholder, director, officer, employee, member or agent thereof solely in his or its capacity as a Limited Partner, such) shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, shall transact any business in the Partnership’s name or shall have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner any such Person in such Person’s capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 5 contracts

Samples: Cedar Fair L P, Cedar Fair L P, Cedar Fair L P

Management of Business. No The Limited Partner shall, in its capacity as a Limited Partner, shall not take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 5 contracts

Samples: Teppco Partners Lp, Teppco Partners Lp, Teppco Partners Lp

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 3 contracts

Samples: Agreement (Ap Eagle Finance Corp), Amerigas Partners Lp, Star Gas Partners Lp

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 3 contracts

Samples: Agreement (Buckeye Partners L P), Buckeye Partners L P, Buckeye Partners L P

Management of Business. No The Limited Partner shall, in its capacity as a Limited Partner, Partners or Assignees shall not take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 3 contracts

Samples: Original Agreement (Felcor Lodging L P), Original Agreement (Felcor Lodging Trust Inc), Original Agreement (Felcor Lodging Trust Inc)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 3 contracts

Samples: Contribution Agreement (Eott Energy Canada Lp), Contribution Agreement (Eott Energy Canada Lp), Eott Energy Partners Lp

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 3 contracts

Samples: Ferrellgas Finance Corp, Ferrellgas Partners L P, Ferrellgas Partners Finance Corp

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 2 contracts

Samples: Ferrellgas Partners Finance Corp, Partnership Agreement (Ferrellgas Finance Corp)

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, 's business or transact any business in the Partnership’s name 's name, unless such Limited Partner is a Person employed or have the power engaged to sign documents for transact any such business by or otherwise bind on behalf of a General Partner or the Partnership. The transaction of any such business by a director, officer, manager, member, employee Limited Partner employed or agent engaged to do so by or on behalf of the General Partner or an Affiliate the Partnership shall not be deemed to constitute participation in control of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) Partnership and shall not affect, impair or eliminate the limitations on the liability of the a Limited Partners Partner under this Agreement.

Appears in 2 contracts

Samples: TWP Capital Corp, Transwestern Holdings Lp

Management of Business. No Limited Partner shall(other than a General Partner, any Affiliate thereof or a general partner, shareholder, director, officer, employee, member or agent thereof solely in his or its capacity as a Limited Partner, such) shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s 's business, shall transact any business in the Partnership’s 's name or shall have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner any such Person in such Person’s capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Cedar Fair L P

Management of Business. No The Limited Partner shallPartners, in its their capacity as a Limited Partnersuch, shall not take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Terra Nitrogen Co L P /De

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: Buckeye Partners L P

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Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a directorthe General Partner, any of its Affiliates or any member, officer, managerdirector, memberemployee, employee partner, agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Star Gas Finance Co

Management of Business. No Limited Partner shall(other than the General Partner or its directors, officers, employees or agents in its capacity their capacities as a Limited Partner, such) shall take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by the General Partner or a director, officer, manager, member, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s his capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Management Agreement (Centex Development Co Lp)

Management of Business. No The Limited Partner shallPartner, in its capacity as a Limited Partnersuch, take part shall not participate in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by a the Partnership, the General Partner, any of its Affiliates or any officer, director, officeremployee, managerpartner, member, employee agent or agent trustee of the General Partner or an Affiliate any of the General Partner its Affiliates, in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Partner under this Agreement.. SECTION 7.3

Appears in 1 contract

Samples: www.sec.gov

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, partner, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the a General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: New England Investment Companies L P

Management of Business. No Limited Partner shall(other than the General Partner, any Affiliate thereof or their directors, officers, general partners, employees or agents in its their capacity as a Limited Partner, such) shall take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, officer, manager, membergeneral partner, employee or agent of the General Partner or an Affiliate of the General Partner in such Person’s its capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the any Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: FFP Real Estate Trust

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, shall take part in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, 's business or transact any business in the Partnership’s name 's name, unless such Limited Partner is also the General Partner or have other Person employed or engaged to transact any such business by or on behalf of the power to sign documents for General Partner or otherwise bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee Limited Partner employed or agent engaged to do so by or on behalf of the General Partner or an Affiliate the Partnership shall not be deemed to constitute participation in control of the General Partner in such Person’s capacity as such (whether or not such Person is also a Limited Partner) Partnership and shall not affect, impair or eliminate the limitations on the liability of the a Limited Partners Partner under this Agreement.

Appears in 1 contract

Samples: Board of Trade of the City of Chicago Inc

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, partner, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.

Appears in 1 contract

Samples: New England Investment Companies L P

Management of Business. No Limited Partner shall, in its capacity as a Limited Partner, take part in the operation, management or control (within the meaning of the Delaware Act) 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 bind the Partnership. The transaction of any such business by a director, officer, manager, member, employee or agent of the a General Partner or an Affiliate of the General Partner in such Person’s 's capacity as such (whether or not such Person is also a Limited Partner) shall not affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement.. 8.3

Appears in 1 contract

Samples: Agreement (Buckeye Partners L P)

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