Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the General Partner who shall have withdrawn shall be and remain liable for all obligations and liabilities incurred by him as General Partner prior to such Event of Withdrawal, but he shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time of such Event of Withdrawal.
Appears in 10 contracts
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies Lp LLP)
Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a Any General Partner who, for any reason, voluntarily or involuntarily withdraws from the business of the Partnership shall continuePartnership, the General Partner who shall have withdrawn or Transfers its Interest, shall be and remain liable for all obligations and liabilities incurred by him it as a General Partner prior to the time that such Event Transfer becomes effective as provided in Section 7.1 of Withdrawalthis Agreement, but he it shall be free of any obligation or liability as a General Partner incurred on account of the activities of the Partnership from and after the time of that such Event of WithdrawalTransfer becomes effective.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Cke Restaurants Inc), Limited Partnership Agreement (Aeroways, LLC), Limited Partnership Agreement (Verso Sartell LLC)
Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the General Partner who shall have withdrawn shall be and remain liable for all obligations and liabilities incurred by him such General Partner as a General Partner prior to such Event of Withdrawal, but he such General Partner shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time of such Event of Withdrawal, except as otherwise provided in this Agreement.
Appears in 3 contracts
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP), Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP)
Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the Any General Partner who shall have withdrawn commit or suffer an Event of Withdrawal or shall be and otherwise withdraw from the Partnership shall remain liable for all obligations and liabilities incurred by him it as General Partner prior to the occurrence of such Event of WithdrawalWithdrawal or other withdrawal, but he it shall be free of any such obligation or liability incurred on account of the activities of the Partnership from and after the time of such Event of Withdrawalthereafter.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Wackenhut Corrections Corp), Limited Partnership Agreement (Brandywine Realty Trust)
Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the General Partner who shall have withdrawn or shall have been removed shall be and remain liable for all obligations and liabilities incurred by him as General Partner prior to such Event of Withdrawal, but he shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time of such Event of Withdrawal.
Appears in 1 contract
Samples: Limited Partnership Agreement (Maxus Real Property-Four L P)
Liability of a Withdrawn General Partner. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the Any General Partner who shall have withdrawn voluntarily or involuntarily withdraw from the Partnership shall be and remain liable for all obligations and liabilities incurred by him as General Partner prior to until the withdrawal of such Event of WithdrawalGeneral Partner, but he such General Partner shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time of the effectiveness of such Event of WithdrawalGeneral Partner's withdrawing from the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Decade Companies Income Properties)
Liability of a Withdrawn General Partner. 8 Liability of a Withdrawn General Partner;. If on the Event of Withdrawal of a General Partner the business of the Partnership shall continue, the General Partner who shall have withdrawn shall be and remain liable for all obligations and liabilities incurred by him as General Partner prior to such Event of Withdrawal, but he shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time of such Event of Withdrawal.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Jones Financial Companies L P)
