Common use of Management of Business Clause in Contracts

Management of Business. Subject to the rights and powers of the General Partner hereunder, no Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 36 contracts

Samples: Agreement (Rexford Industrial Realty, Inc.), Orion Office REIT Inc., NewLake Capital Partners, Inc.

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Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in, or have any liability in respect of, the operations, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 11 contracts

Samples: Agreement (Parking REIT, Inc.), Agreement (Mobile Infrastructure Corp), Parking REIT, Inc.

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, the Parent, any of its Affiliates their Affiliates, or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Parent, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, the Parent, any of its their Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Parent, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 7 contracts

Samples: Agreement (Education Realty Operating Partnership L P), Freehold Properties, Inc., Agreement of Limited Partnership (Great Ajax Corp.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee representative of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall have any right to take part in the operations, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee representative of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 6 contracts

Samples: Agreement (Pacific Office Properties Trust, Inc.), Agreement (Arizona Land Income Corp), Agreement (Arizona Land Income Corp)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no Limited Partner No Member or Assignee (other than in its separate capacity as the General PartnerManaging Member, the Manager, any of its their Affiliates or any officer, director, manager, member, employee, partner, agent agent, representative or trustee of the General PartnerManaging Member, the Partnership Company, the Manager or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the PartnershipCompany’s business, transact any business in the PartnershipCompany’s name or have the power to sign documents for or otherwise bind the PartnershipCompany. The transaction of any such business by the General PartnerManaging Member, any of its Affiliates or any officer, director, manager, member, employee, partner, agent, representative, representative or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Members or Assignees under this Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (BrightSpire Capital, Inc.), Limited Liability Company Agreement (Colony NorthStar Credit Real Estate, Inc.), Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any Affiliate of its Affiliates the General Partner designated by the General Partner for such purpose, or any officer, trustee, director, member, employee, partner, partner or agent or trustee of the General Partner, the Partnership or any of their AffiliatesAffiliate thereof, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership or 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. The transaction of any such business by the General Partner, any Affiliate of its Affiliates the General Partner, or any officer, trustee, director, member, employee, partner, agent, representative, partner or trustee agent of the General Partner, the Partnership or any of their AffiliatesAffiliate thereof, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Clipper Realty Inc.), www.sec.gov, Limited Partnership Agreement (Forest City Enterprises Inc)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than in its separate capacity as the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 4 contracts

Samples: CyrusOne Inc., CyrusOne Inc., CyrusOne Inc.

Management of Business. Subject to the rights and powers of the General Partner Managing Member hereunder, no Limited Partner Member or Assignee (other than the General PartnerManaging Member, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the PartnershipCompany’s business, transact any business in the PartnershipCompany’s name or have the power to sign documents for or otherwise bind the PartnershipCompany. The transaction of any such business by the General PartnerManaging Member, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General PartnerManaging Member, the Partnership Company or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners Members or Assignees under this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Kimco Realty OP, LLC), Limited Liability Company Agreement (Kimco Realty Corp), Limited Liability Company Agreement (Kimco Realty OP, LLC)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership Partner or any of their its Affiliates, in their its capacity as such, if such Person shall also be a Limited Partner or Assignee) shall take part in the operationsoperation, management or control (within the meaning of the Act) 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. The transaction of any such the business on behalf of the Partnership by the General Partner, any Affiliate of its Affiliates or the General Partner, any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any Affiliates of their Affiliatesthe Partnership, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Bellingham II Associates, L.L.C.)

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Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, member, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s business's business (except as limited rights may be specified in an Applicable Contribution Agreement), transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agentmember, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Burnham Pacific Properties Inc

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such) shall take part in, or have any liability in respect of, the operations, management or control (within the meaning of the Act) 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. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Support Agreement (Mobile Infrastructure Corp)

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, the Special General Partner, or any of its their Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Special General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, the Special General Partner, any of its their Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Special General Partner, the Partnership or any of their Affiliates, in their capacity capacities as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: United Dominion Realty Trust Inc

Management of Business. Subject to the rights and powers of the General Partner hereunder, no No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee, general partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) ), in its capacity as such, shall take part in the operations, management or control (within the meaning of the Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, general partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Subsidiaries and Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

Appears in 1 contract

Samples: Constructive Ownership Definition (Hanover Capital Holdings Inc)

Management of Business. Subject to None of Metropolis, the rights and powers of the General Partner hereunder, no Limited Partner or any Assignee thereof (other than the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operationsoperation, management or control (within the meaning of the Act) of the Partnership’s 's business, transact any business in the Partnership’s 's name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, member, employee, partner, agent, representative, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of Metropolis, the Limited Partners Partner or Assignees any Assignee thereof under this Agreement.

Appears in 1 contract

Samples: Partnership Agreement (Metropolis Realty Trust Inc)

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