Common use of Assets of the Partnership Clause in Contracts

Assets of the Partnership. Any indemnification under Section 12.1 shall be satisfied solely out of the assets of the Partnership. No Partner shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.

Appears in 6 contracts

Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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Assets of the Partnership. Any indemnification under this Section 12.1 8 shall be satisfied solely out of the assets of the Partnership. No Partner debt shall be subject incurred by the Partnership or any partner in order to personal provide a source of funds for any indemnity, and the partners shall not have any liability (or required any liability to fund or to cause to be funded make any obligation by reason of these indemnification provisionsadditional Capital Contribution) on account thereof.

Appears in 1 contract

Samples: Partnership Agreement (St Louis Casino Corp)

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