Authority of Limited Partner. The Limited Partner shall have no authority (a) to take part in the management or control of the Partnership or of its business or affairs or (b) to act for or bind the Partnership in any matter.
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Samples: Limited Partnership Agreement (Lincoln National Corp), The Agreement and Plan of Merger (Jefferson Pilot Corp)
Authority of Limited Partner. The Limited Partner shall not have no authority (a) any right or power to take part participate in the management or control of the Partnership business of the Partnership, to transact any business for the Partnership, or of its business or affairs or (b) to act sign for or bind the Partnership in any matterPartnership.
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Samples: Limited Partnership Agreement (Cnu of Virginia, LLC), Limited Partnership Agreement (Cnu of Virginia, LLC)
Authority of Limited Partner. The Limited Partner shall in its capacity as such does not have no the power or authority (a) to take part participate in the management or control of the Partnership or of its Partnership’s business or and affairs or (b) to act for or bind the Partnership. The Limited Partner shall have the right to vote or consent with respect to a Partnership matter only when so provided in this Agreement or by any matternonvariable provision of the Act.
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Samples: Colonial Realty Limited Partnership
Authority of Limited Partner. The Limited Partner shall take no part or otherwise participate in the conduct or control of the. Partnership business and shall have no right or authority (a) to take act for or to bind the Partnership. The exercise of any of the rights and powers of the Limited Partner pursuant to the terms of this Agreement shall not be deemed taking part or otherwise participating in the management or control day-to-day affairs of the Partnership or the exercise of its business or affairs or (b) to act for or bind the control over Partnership in any matteraffairs.
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