Common use of No Control or Liability Clause in Contracts

No Control or Liability. Except as otherwise provided herein, (i) no Limited Partner shall have any control over the management of the Partnership or any power to transact any Partnership business or to bind or obligate the Partnership, and (ii) no Limited Partner shall be personally liable for all or any part of the debts of other obligations of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (NRG Retail LLC)

No Control or Liability. Except as otherwise provided herein, (i) no Limited Partner shall have any control over the management of the Partnership or any power to transact any Partnership business or to bind or obligate the Partnership, and (ii) no Limited Partner shall be personally liable for all or any part of the debts of or other obligations of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (NRG Retail LLC)