Common use of FORMER GENERAL PARTNER'S LIABILITIES Clause in Contracts

FORMER GENERAL PARTNER'S LIABILITIES. The General Partner shall not be liable for Partnership debts and other liabilities and obligations of the Partnership incurred after the effective date of the General Partner's removal or withdrawal as General Partner, but shall continue to be liable for Partnership debts and other liabilities and obligations of the Partnership incurred before such effective date.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Anthony Crane Holdings Capital Corp), Limited Partnership Agreement (TWP Capital Corp), Limited Partnership Agreement (Transwestern Holdings Lp)

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