Common use of Powers and Rights Clause in Contracts

Powers and Rights. Except as expressly provided herein, the Limited ----------------- Partners shall take no part in the conduct or control of the Partnership's business and shall have no right or authority to act or sign for, or to obligate the Partnership, but the Limited Partners shall, except as otherwise provided herein, have all the rights of a limited partner under the Act.

Powers and Rights. Except as expressly otherwise set forth herein, the Limited Partner shall have no rights or powers to take part in the management and control of the Partnership and its business and affairs. In furtherance thereof, no Limited Partner shall have the power to sign for or bind the Partnership. No Limited Partner shall have the right to withdraw from or cause the dissolution of the Partnership or to cause the partition of its properties. However, except as otherwise specifically provided herein, the Limited ----------------- Partners Partner shall take no part in the conduct or control of the Partnership's business and shall have no right or authority to act or sign for, or to obligate the Partnership, but the Limited Partners shall, except as otherwise provided herein, have all the rights of a limited partner Partner under the Act.