Common use of Discretionary limitation by General Partner Clause in Contracts

Discretionary limitation by General Partner. Notwithstanding Section 12.2.1, the General Partner in its sole discretion may limit or eliminate indemnification payments that otherwise would be made by the Partnership to any Indemnitee other than a Person serving as liquidator pursuant to Article 10.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Plymouth Opportunity REIT Inc.), Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)

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Discretionary limitation by General Partner. Notwithstanding Section 12.2.1, the General Partner in its sole discretion may limit or eliminate indemnification payments that otherwise would be made by the Partnership to any Indemnitee other than a Person serving as liquidator pursuant to Article 10liquidator.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Discretionary limitation by General Partner. Notwithstanding Section 12.2.1, the General Partner in its sole discretion may limit or eliminate indemnification payments that otherwise would be made by the Partnership to any Indemnitee other than a member of the Advisory Board or the Investment Committee including the Observer or a Person serving as liquidator pursuant to Article 10.

Appears in 1 contract

Samples: Limited Partnership Agreement

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