Common use of General Limitation on Liability Clause in Contracts

General Limitation on Liability. Limited Partners and Unitholders shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their Original Invested Capital, and no Limited Partner or Unitholder shall be required to lend funds to the Partnership, or to make any further capital contribution after his Original Invested Capital.

Appears in 1 contract

Samples: Partnership Agreement (Corporate Realty Income Fund I L P)

AutoNDA by SimpleDocs

General Limitation on Liability. Limited Partners and Unitholders shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their Original Invested Capital, and no Limited Partner or Unitholder shall be required to lend funds to the Partnership, Partnership or to make any further capital contribution after his Original Invested Capital.Contribution, or to repay to the Partnership, any partner or any creditor of the Partnership all or any portion of any negative amount of such Limited Partner's capital account

Appears in 1 contract

Samples: Partnership Agreement (Integrated Resources High Equity Partners Series 85)

General Limitation on Liability. No Limited Partners and Unitholders Partner shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their his Original Invested Capital, and no Limited Partner or Unitholder shall be required to lend funds to the Partnership, or to make any further capital contribution after his Original Invested Capital, or to repay to the Partnership, any partner or any creditor of the Partnership all or any portion of any negative amount of such Limited Partner's capital account.

Appears in 1 contract

Samples: Limited Partnership Agreement (Davidson Growth Plus Lp)

General Limitation on Liability. Limited Partners and Unitholders shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their Original Invested CapitalContributions, and no Limited Partner or Unitholder shall be required to lend funds to the Partnership, or to make any further contribution of capital contribution after his Original Invested Capitalto the Partnership or to repay to the Partnership, any Partner, or any creditor of the Partnership all or any portion of any negative amount of such Limited Partner's capital account.

Appears in 1 contract

Samples: Agreement (High Equity Partners L P Series 88)

AutoNDA by SimpleDocs

General Limitation on Liability. Limited Partners and Unitholders shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their Original Invested Capitalcontributions, and no Limited Partner or Unitholder shall be required to lend funds to the Partnership, or to make any further contribution of capital contribution after his Original Invested Capitalto the Partnership or to repay to the Partnership, any partner, or any creditor of the Partnership all or any portion of any negative amount of such Limited Partner's capital account.

Appears in 1 contract

Samples: Agreement (High Equity Partners L P Series 86)

Time is Money Join Law Insider Premium to draft better contracts faster.