Rights and Obligations of the Limited Partners. 8.1 Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor shall they transact any business for the Partnership, nor shall they have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.
Rights and Obligations of the Limited Partners. 10.1 No Participation in Management. No Limited Partner, in its capacity as such, shall take part in the management of the Partnership's business, transact any business in the Partnership's name or have the power to sign documents for or otherwise bind the Partnership. Any rights expressly granted to the Limited Partners in this Agreement shall not be deemed to be rights relating to the management of the Partnership's business.
Rights and Obligations of the Limited Partners. 28 8.1 Management of the Partnership...........................................................................28
Rights and Obligations of the Limited Partners. 22 8.1 Management of the Partnership 22 8.2 Power of Attorney 22 8.3 Limitation on Liability of Limited Partners 22 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate 22 8.5 Initial Limited Partner Right of Redemption 23 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 23 9.1 Purchase for Investment 23 9.2 Restrictions on Transfer of Limited Partnership Interests 23 9.3 Admission of Substitute Limited Partner 24 9.4 Rights of Assignees of Partnership Interests 25 9.5 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 26 9.6 Joint Ownership of Interests 26
Rights and Obligations of the Limited Partners. 7.1. No Right of Management or Authority to Act 32 7.2. Limitation on Liability of Partners 32 7.3. Power of Attorney 33 7.4. Waiver of Action for Partition 34 7.5. Indemnification for Breach by Limited Partner 34 7.6. Indemnity as to Tax Withholding 35 7.7. Stockholders Agreement Obligations 35 7.8. Investment Company LP Obligation 35 Table of Contents continued Page ARTICLE 8 CONFIDENTIALITY 8.1. Confidentiality 36
Rights and Obligations of the Limited Partners. 8.1 Management of the Partnership
Rights and Obligations of the Limited Partners. 14.1 Limited Liability. A Limited Partner or any Feeder Fund Investor that receives the return of any part of its Capital Contribution shall be liable to the Investment Partnership for the amount of its Capital Contribution so returned to the extent, and only to the extent, provided by the Act, except as provided in Article VI. Except as provided in Article VI or the Act, the Limited Partners and the Feeder Fund Investors shall not otherwise be liable to the Investment Partnership for the repayment, satisfaction, or discharge of the Investment Partnership’s debts, liabilities or obligations. Except as provided in the Act, no Limited Partner nor any Feeder Fund Investor shall be personally liable to any third party for any liability or other obligation of the Investment Partnership.
Rights and Obligations of the Limited Partners. The Limited Partners shall take no part in the control or management of the affairs of the Partnership, and no Limited Partner have any authority to act for or on behalf of the Partnership except as otherwise provided herein.
Rights and Obligations of the Limited Partners. Meetings of the Limited Partners may be called by any Partner. Meetings shall be held at the place determined by the General Partner. Meetings shall be conducted in accordance with rules and regulations adopted by the General Partner consistent with the provisions of the California Revised Limited Partnership Act. The General Partner shall be free to vary any provisions of that Act with respect to meetings as fully as if the rules and regulations adopted by the General Partner were part of this Partnership Agreement and approved by each of the Partners. Limited Partners shall take no part in the control, conduct, or operation of the business of the Partnership and shall have no right or authority to act for or bind the Partnership. Limited Partners shall have the right by unanimous vote to approve or disapprove only the following matters, and no others:
Rights and Obligations of the Limited Partners. The Limited Partners shall have no liability under this Agreement except as provided in Article III.
