Forbidden Acts definition
Forbidden Acts. No partner shall: 25A. Have the right or authority to bind or obligate the Partnership to any extent whatsoever with regard to any matter outside the scope of the Partnership purpose.
Forbidden Acts. No partner shall: (a) Exercise the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose.
Forbidden Acts. No partner shall: Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose. Assign, transfer, pledge, mortgage or sell all or part of his interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership. Purchase an investment for the partnership where less than the full purchase price is paid for same. Use the partnership name, credit or property for other than partnership purposes. Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the business or affairs of the partnership. Recognition of Risks. Every investment involves a certain element of risk. By signing this agreement, each partner states that he or she understands and accepts these risks, and understands that no returns are guaranteed. Partners further acknowledge that no statements or discussions made as part of the partnerships activities should be construed as individual investment advice.
Examples of Forbidden Acts in a sentence
Forbidden Acts: If you sell, mortgage, pawn, pledge, encumber, ▇▇▇▇, dispose of the property or move it from your current residence, without our consent, you will have breached this lease, and we will have the immediate right to possession of the property.
Any violation of the above Forbidden Acts will be deemed an Involuntary Withdrawal of the offending Partner and may be treated accordingly by the remaining Partners.
Any violation of influence above Forbidden Acts will be deemed an Involuntary Withdrawal of the offending Partner and said be treated accordingly by the remaining Partners.
Forbidden Acts: No partner shall: Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose.
Any violation of data above Forbidden Acts will be deemed an Involuntary Withdrawal of the offending Partner and gas be treated accordingly by the remaining Partners.
More Definitions of Forbidden Acts
Forbidden Acts. No partner shall:
A. Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership business.
B. Assign, transfer, pledge, mortgage or sell all or part of his/her interest in the partnership to any other partner, except as stated in Section XVIB, Paragraph 2.
C. Purchase an investment for the partnership where less than the full purchase price is paid for same.
D. Use the partnership name, credit, or property for other than partnership purposes.
E. Do any act detrimental to the best interest of the partnership or which would make it impossible to carry on the business or affairs of the partnership.
Forbidden Acts. No partner shall: Exercise the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose. Except as provided elsewhere in this agreement, without the unanimous consent of all the other partners, assign, transfer, pledge, mortgage or sell all or part of his interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership. Purchase an investment for the partnership where less than the full purchase price is paid for same. Use the partnership name, credit or property for other than partnership purposes. Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the business or affairs of the partnership.
Forbidden Acts. No Partner shall:
A. Have the right or authority to bind or obligate the Partnership to any extent whatsoever with regard to any matter outside the scope of the Partnership’s purpose.
B. Assign, transfer, pledge, mortgage or sell all or part of his/her interest in the Partnership to any trust, other Partner, other person whomsoever, or enter into any agreement as the result of which any person or persons not a Partner shall become invested with him/her in the Partnership.
C. Purchase an investment for the Partnership where less than the full purchase price is paid for same.
D. Use the Partnership name, credit, or property for other than Partnership purposes.
E. Do any act detrimental to the interests of the Partnership or which would make it impossible to carry on the business or affairs of the Partnership.
F. ▇▇▇ the Partnership or any Partner who is executing his/her Partnership duties in good faith.
29. This Agreement of Partnership shall be binding upon the respective heirs, executors, administrators, and personal representatives of the Partners.
30. This AGREEMENT OF PARTNERSHIP may be amended by 2/3rds approval of the Partners.
31. The Partners have caused this Agreement of Partnership to be executed, as modified, as of the dates indicated below.