No Limited Partner Management Sample Clauses

No Limited Partner Management. No Limited Partner, in its capacity as such, shall participate in the management of the Fund or, except as otherwise provided herein, have any control over the Fund business or have any right or authority to act for or to bind the Fund.
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No Limited Partner Management. 6.2.1 General No Limited Partner, in its capacity as such, shall take part in the management of the business and affairs of the Fund or have any control over the business and affairs of the Fund. Except as otherwise provided herein, no Limited Partner, in its capacity as such, shall have any right or authority to act for, deal with third parties on behalf of, or to bind the Fund. For the avoidance of doubt, no Limited Partner, in its capacity as such, shall have any right or authority to vote or to direct the vote with respect to Securities of any Portfolio Company held directly or indirectly by the Fund. Notwithstanding any contrary provisions in this Agreement, (a) in no event shall a Limited Partner, the AIFM, the Management Company or the Administrator be considered a general partner of the Fund by agreement, estoppel, as a result of the performance of its duties or otherwise and (b) the Limited Partners, the AIFM, the Management Company and the Administrator shall not be deemed to be taking part in the management of the business of the Fund as a result of any actions taken by a Limited Partner, the AIFM, the Management Company or the Administrator hereunder. To the fullest extent permitted by law and notwithstanding any other provisions at law or in equity, no Limited Partner shall owe any fiduciary duty to any other Partner or the Fund.

Related to No Limited Partner Management

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

  • Project partners and partnership agreements 1. A project may be implemented in a partnership between the Project Promoter and project partners as defined in paragraph 1(w) of Article 1.6

  • No Agency, Joint Venture or Partnership The Parties acknowledge and agree that:

  • Partner The term “Partner” shall mean any person who is a General Partner or a Limited Partner in the Partnership.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • New Partners No person shall be admitted as a Partner of the Partnership except with the consent of all the Partners who shall determine the terms and conditions upon which such admission is to be effective.

  • Not Partners Nothing contained in this Agreement shall be construed to make the Parties partners or joint venturers or to render any Party liable for the debts or obligations of any other Party.

  • Business Partners Red Hat has entered into agreements with other organizations (“Business Partners”) to promote, market and support certain Software and Services. When Client purchases Software and Services through a Business Partner, Red Hat confirms that it is responsible for providing the Software and Services to Client under the terms of this Agreement. Red Hat is not responsible for (a) the actions of Business Partners, (b) any additional obligations Business Partners have to Client, or (c) any products or services that Business Partners supply to Client under any separate agreements between a Business Partner and Client.

  • Partnership Working 7.1 Partnerships will be supported by local authorities on four levels between:

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

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