Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.
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Samples: Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.), Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.), Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.)
Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIIIIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, business which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.
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Samples: Partnership Agreement (PHC Hospitals, LLC), Limited Partnership Agreement (Province Healthcare Co), Agreement of Limited Partnership (Province Healthcare Co)
Consequences of Distributions. Upon the determination to distribute funds cash or property other than cash in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Hit Entertainment Inc), Limited Partnership Agreement (Hit Entertainment Inc)
Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII8, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership, or the Partnership or a Limited Partner otherwise was adversely affected by such distribution.
Appears in 1 contract
Samples: Limited Partnership Agreement (HEALTHSOUTH of Toms River, Inc.)
Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in is this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.
Appears in 1 contract
Samples: Amendment to Agreement and Certificate of Limited Partnership (HEALTHSOUTH of Toms River, Inc.)
Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, business which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.
Appears in 1 contract
