Rights and Duties of the Partners Sample Clauses

Rights and Duties of the Partners. (a) The Limited Partners shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership. The Limited Partners shall have the right to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth herein.
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Rights and Duties of the Partners. 0.0.Xxxxx A and Party B for the purposes of fulfillment hereof:
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Rights and Duties of the Partners. (a) The Limited Partners as limited partners in the Partnership shall not participate in the conduct, control or management of the business of the Partnership, and the Limited Partners shall have no power to act for or bind the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the conduct, control or management of the business of the Partnership described in this Agreement, which conduct, control and management shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. Except as required or permitted by Law, or expressly provided in the ultimate sentence of this Section 6.1(a) or by separate agreement with the Partnership, no Partner who is not also a General Partner (and acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more Partners from time to time, and such Partners, in their capacity as employees of the Partnership, may take part in the control and management of the business of the Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner.
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Rights and Duties of the Partners. The activities of the Partner comprise in particular: - Search for prospective customers and marketing of the products - Advising customers and prospective customers on products - Installation and launching of the products on site at the customer’s facility - Processing any technical questions or problems of the customer in relation with the products before using the ASTEAS Support Hotline as an aid The Partner will strive to generate regular sales with the products. The Partner undertakes to market and sell the products of ASTEAS, including the prolongation of existing software maintenance contracts between the Partner and his customers. The Partner is entitled to address feature requests containing requirements of the customer to AS- TEAS. These have to be made in writing and in detailed form. It is in the sole discretion of ASTEAS to decide if and when such a feature is realized or shall be realized. The Partner is entitled to indicate the IACBOX Partner logo pursuant to his Partner status acquired during the term of this Contract on his website. It shall not be permitted to publish price information of the products and services of ASTEAS in online shops or via other media, such as e.g. websites, sales portals that are accessible to the public, or to make such accessible to the public in any other way. This shall also apply for installation media and other confidential information. The Partner undertakes to comply with the General Terms and Conditions for Service of ASTEAS which this Contract is based on and not to take any actions which are contrary to the General Terms and Conditions for Service. The Partner undertakes further not to remove, modify or abusively use in any other way any copyright information or any other information on author’s rights of. During the effective existence of this Contract, the Partner shall be entitled to call himself a Partner of ASTEAS as well as a IACBOX distributor and is entitled to all services, concessions as well as marketing benefits linked therewith. The Partner is entitled to use and exploit logos, names and trademarks of ASTEAS or, respectively, the products in the framework of the services under this Contract, in particular for advertising purposes. The utilization of all material made available by AS- TEAS is only permissible during the existence of the present Contract. The Partner thereby acquires no rights in the trademark, logo or any other protected material of ASTEAS. It is prohibited to the Partner to...
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Rights and Duties of the Partners. Management
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Rights and Duties of the Partners 
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Related to Rights and Duties of the Partners

  • Rights and Duties of Members Subject to the provisions of Article 3, members will have all of the rights and powers of members as provided under the Act and as otherwise provided by law.

  • Rights and Duties The Shareholders shall have the following rights, powers, privileges, duties and liabilities:

  • Rights and Duties of Rights Agent The Rights Agent undertakes to perform only the duties and obligations expressly set forth in this Agreement and no implied duties or obligations shall be read into this Agreement against the Rights Agent. The Rights Agent shall perform its duties and obligations hereunder upon the following terms and conditions, by all of which the Company and the holders of Right Certificates, by their acceptance thereof, shall be bound:

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V

  • Powers and Duties of the Trustee The rights, powers, duties and authorities of the Trustee under this Agreement, in its capacity as Trustee of the Trust, shall include:

  • Powers and Duties of the President Subject to the powers of the Chairman, if there be such an officer, the President shall be the principal executive officer of the Trust. The President may call meetings of the Trustees and of any Committee thereof when he deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders and the Trustees. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust or any Series or Class thereof, and other advisers and agents for the Trust and to employ such subordinate officers, agents, clerks and employees as the President may find necessary to transact the business of the Trust or any Series or Class thereof. The President shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust or any Series or Class thereof. The President shall have such other powers and duties, as from time to time may be conferred upon or assigned to him by the Trustees.

  • Rights and Duties of Warrant Agent (1) In the exercise of the rights and duties prescribed or conferred by the terms of this Indenture, the Warrant Agent shall exercise that degree of care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the Warrant Agent from liability for its own gross negligent action, wilful misconduct, bad faith or fraud under this Indenture.

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