Common use of No Management Responsibility Clause in Contracts

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.