No Management Responsibility. No Member, in such capacity, shall participate in the management or control of the business of or transact any business for the Company, but may exercise the voting rights and powers of a Member set forth in this Agreement. All management responsibility is vested in the Board of Managers or any person delegated such responsibility. The Members hereby consent to the taking of any action by the Board of Managers and Appropriate Officers contemplated under this Agreement or otherwise permitted under the Act.
No Management Responsibility. The Sole Member shall not take part in the management of the business or the affairs, or transact any business for, the Company, except to the extent that its approval or consent is expressly required under this Agreement for the taking of any actions by or on behalf of the Company or of the Manager.
No Management Responsibility. No Investor other than a Director or Investment Manager shall participate in the management or control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committee, and the Investment Managers contemplated under Article 3.
No Management Responsibility. No Limited Partner, in such capacity, shall participate in the management or control of the business of or transact any business for the Fund, but may exercise the voting rights and powers of a Limited Partner set forth in this Agreement. All management responsibility is vested in the General Partner or any person delegated such responsibility. The Limited Partners hereby consent to the taking of any action by the General Partner and Appropriate Officers contemplated under this Agreement or otherwise permitted under the Act.
No Management Responsibility. No Limited Partner shall participate in the management or control of the business of or transact any business for the Partnership but may exercise the rights and powers of a Limited Partner under this Agreement. All management responsibility is vested in the Management Committee. The Limited Partners hereby consent to the taking of any action by the Management Committee and the Managing General Partners contemplated under Article 3.
No Management Responsibility. No Limited Partner, in such capacity, shall participate in the management or control of the business of, or transact any business for, the Partnership, but may exercise the voting rights and powers of a Limited Partner set forth in this Agreement. All management responsibility is vested in the Board. The Limited Partners hereby consent to the taking of any action by the Board or the Officers permitted to be taken under this Agreement, the Delaware Act, the 1940 Act or the Exemptive Order.
No Management Responsibility. No Limited Partner, as such, shall take part in the management of the business or transact any business for the Partnership. All management responsibility is vested in the General Partner.
No Management Responsibility. No Partner, other than the General Partner, shall participate in the management or control of the business of or transact any business for the Partnership, but may exercise the voting rights and powers of a Partner set forth in this Agreement. The Partners hereby consent to the taking of any action by the Board of Directors, the Appropriate Officers and the General Partner contemplated under this Agreement or otherwise permitted under the Act.
No Management Responsibility. The Limited Partner, as such, ---------------------------- shall not take part in the management of the business or transact any business for the Partnership.
No Management Responsibility. Consultant assumes no responsibility under this Agreement other than to render the consulting services provided for herein in good faith. This Agreement does not delegate to Consultant any management responsibility or decision-making powers with respect to ARO.
