Common use of Indemnification of Limited Partners Clause in Contracts

Indemnification of Limited Partners. To the fullest extent permitted by law, the Partnership will indemnify, to the extent of Partnership assets, each Limited Partner against any claim of liability asserted against a Limited Partner solely because he is a Limited Partner of the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Moroney Management LTD), Limited Partnership Agreement (Moroney Management LTD)

AutoNDA by SimpleDocs

Indemnification of Limited Partners. To the fullest extent permitted by law, the The Partnership will shall indemnify, to the extent of the Partnership assets, each Limited Partner against any claim claims of liability asserted against a Limited Partner solely because he is a Limited Partner of in the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (LifeCare Holdings, Inc.), Limited Partnership Agreement (LifeCare Holdings, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!