Liabilities of Partners Sample Clauses

Liabilities of Partners. (a) Pursuant to the Delaware Act, the General Partners are liable jointly and severally for all liabilities and obligations of the Partnership. Notwithstanding the foregoing, as among themselves, the General Partners hereby agree that each shall be solely and individually responsible only for his pro rata share (based on Capital Contributions made) of the liabilities and obligations of the Partnership, and any General Partner who incurs liability in excess of his pro rata share shall be entitled to contribution from the other General Partners. Pursuant hereto, the Managing Partner further agrees to indemnify each General Partner for any and all Partnership-related obligations and liabilities otherwise allocable to or paid by such General Partner which are in excess of such General Partner’s share of the Partnership’s undistributed assets. Under no circumstances shall any Partner be required to indemnify the Managing Partner, except to the extent of such Partner’s (i) Capital Contribution and (ii) share of Partnership assets.
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Liabilities of Partners. Except as specifically provided in this Agreement, Partners shall not be required to make any contributions to the Partnership and no Partner shall be liable for the debts, liabilities, contracts, or any other obligations of the Partnership except with regard to their Capital Contributions as indicated herein, nor shall the Partners be required to lend any funds to the Partnership or to repay to the Partnership, any Partner, or any creditor of the Partnership any portion or all of any deficit balance in a Partner’s Capital Account.
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Liabilities of Partners. (a) None of the General Partners nor any of their trustees, directors, officers, employees or agents shall be liable to the Partnership or to any other Partner for any actions or omissions to act taken in good faith and reasonably believed to be in the best interests of the Partnership, but shall be liable for bad faith, willful misconduct, fraud, or gross negligence, provided that, no individual trustee, director, officer, employee or agent of a General Partner shall be liable to the Partnership or any Partner except for his or her own fraud.. A General Partner shall remain liable for the obligations of the Partnership incurred or arising out of its operations while it was a General Partner, but not for obligations arising thereafter.
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Liabilities of Partners. (a) Neither the General Partners nor any of their trustees, directors, officers, employees or agents shall be liable to the Partnership or to any other Partner for any actions or omissions to act taken in good faith and reasonably believed to be in the best interests of the Partnership, but shall be liable for bad faith, willful misconduct, fraud, or gross negligence. A General Partner shall remain liable for the obligations of the Partnership incurred or arising out of its operations while it was a General Partner, but not for obligations arising thereafter.
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Liabilities of Partners. Every contract, deed of trust, note, lease, sublease, or other agreement of any kind entered into by the Partnership shall contain a provision limiting the claims of all third parties to the assets of the Partnership and expressly waiving all rights in such third parties to proceed against the Partners, or the officers, directors or shareholders of any corporate Partner, except to the extent of their interest in the Partnership.
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Liabilities of Partners. Except as specifically provided in this Agreement, no Partner shall be (i) required to make any additional contributions to the Partnership, (ii) liable for the debts, liabilities, contracts, or any other obligations of the Partnership (except that the General Partner's liability shall be determined in accordance with the law of the State of New York), (iii) required to lend any funds to the Partnership, or (iv) required to repay to the Partnership, any other Partner, any creditor of the Partnership or any other person, any deficit balance in the Partner's Capital Account.
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Liabilities of Partners. If the Tenant is a partnership then by their signature of this Lease, the individual partners of the Tenant bind themselves, both as a partnership and jointly and severally as individuals, for the Tenant's obligations to the Landlord under and arising out of this Lease. Similarly, joint Tenants shall be jointly and severally liable for their obligations as Tenants under or arising from this Lease.
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Liabilities of Partners 
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Related to Liabilities of Partners

  • Liabilities of the Company Except as stated in this Section 8, the Company shall have no liability for damages of any kind arising out of or related to events, acts, rights or privileges contemplated in this Agreement.

  • Liabilities of Seller All liabilities of Seller related to the Business or the Assets that are not Assumed Liabilities will be promptly paid by Seller as they come due.

  • Liabilities of the Manager A. In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Manager, the Manager shall not be subject to liability to the Trust or the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security by the Fund.

  • Organizational Expenses; Liabilities of the Holders (a) The Servicer shall pay organizational expenses of the Issuer as they may arise.

  • Duties and Liabilities of Covered Persons 1) To the extent that, at law or in equity, a Covered Person has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to any other Covered Person for his or her good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Member to replace such other duties and liabilities of such Covered Person.

  • Responsibilities of the Company 3.3.1 The Company shall provide participants of CopyTrade with a complete package of services according to the Customer Agreement. The Company is liable for proper performance of technological solutions according to the Customer Agreement.

  • Responsibilities of Seller Anything herein to the contrary notwithstanding, the exercise by Agent, the Purchaser Agents and the Purchasers of their rights hereunder shall not release Servicer, any Originator or Seller from any of their duties or obligations with respect to any Receivables or under the related Contracts. The Purchasers shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of Seller.

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