Common use of Management of the Partnership Clause in Contracts

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.

Appears in 249 contracts

Samples: Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust), Limited Partnership Agreement (North Haven Net REIT), Limited Partnership Agreement (EQT Exeter Real Estate Income Trust, Inc.)

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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 or on behalf of 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.

Appears in 47 contracts

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Resource REIT, Inc.)

Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor business, and in no event shall they any Limited Partner transact any business for the Partnership, nor shall they Partnership or have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.

Appears in 28 contracts

Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)

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. The Limited Partners covenant and agree not to hold themselves out in a manner that could reasonably be considered in contravention of the terms hereof by any third party.

Appears in 24 contracts

Samples: Agreement (Alpine Income Property Trust, Inc.), Original Agreement (Priam Properties Inc.), Limited Partnership Agreement (Generation Income Properties, Inc.)

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, which shall act for the benefit of the Partnership, the Limited Partners and the General Partner’s stockholders, collectively.

Appears in 11 contracts

Samples: Agreement (CapRocq Core REIT, Inc.), Agreement (CapRocq Core REIT, Inc.), Agreement (Medalist Diversified REIT, Inc.)

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. Notwithstanding anything to the contrary contained in this Agreement, none of the actions taken by any of the Limited Partners hereunder shall constitute participation in the control of the business of the Partnership within the meaning of the Act.

Appears in 11 contracts

Samples: Agreement (American Realty Capital Properties, Inc.), And (American Realty Capital Properties, Inc.), Agreement and Plan of Merger (American Realty Capital Properties, Inc.)

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.

Appears in 8 contracts

Samples: Agreement (Humphrey Hospitality Trust Inc), Patriot American Hospitality Inc, Prentiss Properties Trust/Md

Management of the Partnership. The Limited Partners (other than the General Partner, in its capacity as such) 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Peakstone Realty Trust), Limited Partnership Agreement (Griffin Realty Trust)

Management of the Partnership. The Except for the approval rights set forth herein, the Limited Partners Partner shall not participate in the management or control of Partnership business nor shall they transact any business for or on behalf of 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)

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.Partner.‌

Appears in 2 contracts

Samples: www.soitrust.com, www.smftrust.com

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. Notwithstanding anything to the contrary contained in this Agreement, none of the actions taken by any of the Limited Partners (including the Special Limited Partner) hereunder shall constitute participation in the control of the business of the Partnership within the meaning of the Act.

Appears in 2 contracts

Samples: Agreement (American Realty Capital Properties, Inc.), Agreement (American Realty Capital Properties, Inc.)

Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Fortress Net Lease REIT), Limited Partnership Agreement (Dakota Real Estate Investment Trust)

Management of the Partnership. The Limited Partners (in such capacity) shall not participate in the management or control of Partnership or Partnership Subsidiary business nor shall they transact any business for the PartnershipPartnership or any Partnership Subsidiary, nor shall they have the power to sign for or bind the PartnershipPartnership or any Partnership Subsidiary, such powers being vested solely and exclusively in the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (West Coast Realty Trust, Inc.), Limited Partnership Agreement (West Coast Realty Trust, Inc.)

Management of the Partnership. The Except as otherwise expressly provided in this Agreement, the Limited Partners and Preferred 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sentio Healthcare Properties Inc), Securities Purchase Agreement (Sentio Healthcare Properties Inc)

Management of the Partnership. The Limited Partners (in their capacity as such) shall not participate in the management or control of Partnership business business, nor shall they transact any business for or on behalf of 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.

Appears in 2 contracts

Samples: Uniti Group Inc., Uniti Group Inc.

Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business business, nor shall they transact any business for or on behalf of 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.

Appears in 2 contracts

Samples: Cole Office & Industrial REIT (CCIT III), Inc., Cole Office & Industrial REIT (CCIT III), Inc.

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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.. 8.2

Appears in 1 contract

Samples: Limited Partnership Agreement (Strategic Realty Trust, Inc.)

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. 8.2.

Appears in 1 contract

Samples: Limited Partnership Agreement (Blackstone Real Estate Income Trust, Inc.)

Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor and in no event shall they any Limited Partner transact any business for the Partnership, nor shall they Partnership or have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.

Appears in 1 contract

Samples: Agreement (MPT of West Anaheim, LLC)

Management of the Partnership. The Limited Partners who are not also General Partners shall not participate take no part in the management or control of the business and affairs of the Partnership business nor and shall they transact any business for the Partnership, nor shall they have the power no right or authority to sign act for or to bind the Partnership, such powers being vested solely and exclusively Partnership or to take part or in any way to interfere in the General Partnerconduct or management of the Partnership or to vote on matters relating to the Partnership other than as provided in the Act or as set forth in this Agreement.

Appears in 1 contract

Samples: Adelphia Communications Corp

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.. Notwithstanding anything to the contrary contained in this Agreement, none of the actions taken by any of the Limited Partners hereunder shall constitute participation in the control of the business of the Partnership within the meaning of the Act. 8.02

Appears in 1 contract

Samples: American Realty Capital Properties, Inc.

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.. The Limited Partners covenant and agree not to hold themselves out in a manner that could reasonably be considered in contravention of the terms hereof by any third party. 30

Appears in 1 contract

Samples: Summit Hotel Properties, Inc.

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 Sponsor General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (NRI Real Token Inc.)

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. The Limited Partners covenant and agree CH\2141662.3 not to hold themselves out in a manner that could reasonably be considered in contravention of the terms hereof by any third party.

Appears in 1 contract

Samples: Xenia Hotels & Resorts, Inc.

Management of the Partnership. The Limited Partners Partners, in their capacity as such, shall not be entitled or empowered to, and shall not, participate in the operation, management or control of Partnership business nor shall they business, transact any business for or in the Partnership, nor shall they have name of the power to Partnership or sign for or otherwise bind the Partnership, such powers being vested solely and exclusively in the General PartnerPartner (and such Persons as the General Partner may delegate to act on its behalf pursuant to Section 6.3).

Appears in 1 contract

Samples: Insignia Properties Trust /

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