Exculpation of the General Partner. The General Partner will not be liable for any loss to the Partnership or the Limited Partners by reason of any act or failure to act unless the General Partner was guilty of willful misconduct or gross negligence.
Appears in 4 contracts
Samples: Agreement (Warwick Valley Telephone Co), Agreement (Sand Creek Communications Co), Agreement (Sand Creek Communications Co)
Exculpation of the General Partner. The General Partner will not be liable for any loss to the Partnership or the Limited Partners by reason of any act or failure to act of the General Partner unless the General Partner was guilty of willful misconduct or gross negligence.
Appears in 1 contract
Samples: Partnership Agreement
