Common use of Activities in Other Jurisdictions Clause in Contracts

Activities in Other Jurisdictions. (a) The Partnership shall not carry on its activities in any jurisdiction unless the Partnership GP has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that such Limited Partners enjoy limited liability under the Act. (b) The Partnership shall carry on its activities in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners, and the Partnership GP shall register the Partnership in other jurisdictions where the Partnership GP considers it appropriate to do so.

Activities in Other Jurisdictions. ‌‌ (a) The Partnership shall not carry on its activities in any jurisdiction unless the Partnership GP has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that such Limited Partners enjoy limited liability under the Act. (b) The Partnership shall carry on its activities in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners, and the Partnership GP shall register the Partnership in other jurisdictions where the Partnership GP considers it appropriate to do so.

Activities in Other Jurisdictions. ‌ (a) The Partnership shall not carry on its activities in any jurisdiction unless the Partnership GP has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that such Limited Partners enjoy limited liability under the Act. (b) The Partnership shall carry on its activities in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners, and the Partnership GP shall register the Partnership in other jurisdictions where the Partnership GP considers it appropriate to do so.