Management Duties and Restrictions Sample Clauses
The 'Management Duties and Restrictions' clause defines the responsibilities and limitations placed on parties involved in managing a business or project. It typically outlines the specific actions managers are authorized to take, such as entering contracts or making financial decisions, and may list activities that require prior approval or are expressly prohibited, like incurring large debts or selling key assets. This clause ensures clear boundaries for managerial authority, helping to prevent unauthorized actions and reduce the risk of disputes among stakeholders.
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Management Duties and Restrictions. Except as otherwise provided herein, management of the business and affairs of the Partnership shall be vested exclusively in the General Partner. A Limited Partner shall not “participate in the control” of the business of the Partnership, as described in Section 303 of the Act. A Limited Partner (who is not also a General Partner) shall not transact business in the Partnership’s name or on its behalf or have the power to sign documents for or otherwise bind the Partnership.
Management Duties and Restrictions. The partners shall have equal rights in the management of the partnership business, and each partner shall devote his entire time to the conduct of the business. Without the consent of the other partner neither partner shall on behalf of the partnership borrow or lend money, or make, deliver, or accept any commercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase or contract to purchase, or sell or contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of its business. 8.
Management Duties and Restrictions. The managing member of the entity is CityR Group Holdings, LLC. The managing member may endorse any note or act as an accommodation party, or otherwise become surety for any person in any transaction involved in the Company. The managing member shall be authorized on behalf of the Company to borrow or lend money, or make, deliver or accept any commercial paper, or execute any mortgage, security agreement, bond or lease, or purchase or contract to purchase, or sell or contract to sell any property for or of the Company. The managing member may mortgage, grant a security interest in its share in the Company capital assets or property, or do any act in the best interests of the Company and in the ordinary purpose of the Company.
Management Duties and Restrictions. The partners shall have equal rights in the management of the partnership business, and each partner shall devote his entire time to the conduct of the business. Without the consent of the other partner, neither partner shall on behalf of the partnership Neither partner shall receive any salary for services rendered to the partnership. Each partner may, from time to time, withdraw the credit balance in his income account. borrow or lend money, or make, deliver, or accept any commercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase or contract to purchase or sell or contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of its business.
Management Duties and Restrictions. 11 8.1 Management. . . . . . . . . . . . . . . . . . . . . . 11 8.2 No Control by Limited Partners. . . . . . . . . . . . 12 8.3 Activities of the Partners of the General Partner . . 12
Management Duties and Restrictions. The partners shall have equal rights in the management of the partnership business, and each partner shall devote his entire time to the conduct of the business. Without the consent of the other partner neither partner shall on behalf of the partnership borrow or lend money, or make, deliver, or accept any commercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase or contract to purchase, or sell or contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of its business. The duties of each partner are defined as follows: _____________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Management Duties and Restrictions. There shall be equal rights in management and without the consent of the other partner, shall not borrow, lend, deliver, accept any commercial paper or execute an mortgage, security agreement, bond or lease or purchase or contract to purchase or sell or contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of business.
Management Duties and Restrictions. 6 4.1. Management..................................................................................... 6 4.2. Conversion of Status as Managing Member........................................................ 7 4.3. Liability of Members to the Company and the Other Members...................................... 7 4.4. Restrictions on the Members.................................................................... 7 4.5. Additional Restrictions on Non-Managing Members................................................ 7 4.6. Officers....................................................................................... 8
Management Duties and Restrictions. The partners shall have equal rights in the management of the partnership business, and each partner shall devote the required time to the conduct of the business. Without the consent of the other partner, neither partner shall on behalf of the partnership borrow or lend money, or make, deliver, or accept any commercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase or contract to purchase, or sell or contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of its business; i.e., the intellectual property.
Management Duties and Restrictions. 13 9.1 Management . . . . . . . . . . . . . . . . . . . . . . . . . . .