Authority of Limited Partners. The Limited Partners shall not participate in or have any control over the management of the Partnership or its business and affairs and shall not have any power or authority to act for or bind the Partnership.
Authority of Limited Partners. The Limited Partners will take no part in the control of the business of the Partnership, and the Limited Partners will not have any authority to act for or on behalf of the Partnership except as is specifically permitted by this Agreement or required by the Act. This Section 2.02 supersedes any authority granted to the Limited Partners pursuant to the Act. Any Limited Partner who takes any action or binds the Partnership in violation of this Section 2.02 shall be solely responsible for any loss and expense incurred by the Partnership as a result of the unauthorized action and shall indemnify and hold the Partnership and the General Partner harmless with respect to the loss or expense.
Authority of Limited Partners. Subject to the terms hereof, no Limited Partner, in its capacity as such, shall participate in or have any control over the business of the Partnership. Except as expressly provided herein, the Units (and associated Partnership Interests) do not confer any rights upon the Limited Partners to participate in the conduct, control or management of the business of the Partnership described in this Agreement, which as described above shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. Except as required or permitted by applicable Law, or expressly provided herein or by separate agreement with the Partnership, no Partner (other than the General Partner, acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner (other than the General Partner, acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner.
Authority of Limited Partners. Subject to the terms hereof, no Limited Partner, in its capacity as such, shall participate in or have any control over the business of the Partnership. Except as expressly provided herein, the Units (and associated Partnership Interests) do not confer any rights upon the Limited Partners to participate in the conduct, control or management of the business of the Partnership described in this Agreement, which as described above shall be vested exclusively in the General Partner. Subject to the rights delegated to the Officers hereunder, in all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. Except as required or permitted by applicable Law, or expressly provided herein or by separate agreement with the Partnership, no Partner (other than the General Partner, acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner (other than the General Partner, acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner.
Authority of Limited Partners. Except as set forth in this Agreement, or as permitted by the General Partner, no Limited Partner (unless such Limited Partner shall also be a General Partner acting in such capacity) shall:
Authority of Limited Partners. A. By the vote of the Class A Limited Partners holding a majority of the Class A Limited Partner Percentages, the Class A Limited Partners, without the consent of the General Partners, may:
Authority of Limited Partners. The Limited Partners shall refrain from any act of management of the Partnership and shall not conduct any business affairs of the Partnership. The Limited Partners shall not act as proxy for the General Partner. SECTION 15 MEETING OF PARTNERS
Authority of Limited Partners. Except as expressly provided in this Agreement, no Limited Partner shall have any authority to act for, or to assume any obligation or responsibility on behalf of, the Partnership or any other Partner.
Authority of Limited Partners. No Limited Partner shall participate in the management or control of the business of, or transact any business for, the Partnership, or have the power to act for or bind the Partnership, said powers (as between the Limited Partner and the General Partner) being vested solely and exclusively in the General Partner.
Authority of Limited Partners. 18 Section 6.2
