Liability of General Partner. The General Partner is not liable, responsible, or accountable in damages or otherwise to the Limited Partner or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faith, or fraud.
Appears in 5 contracts
Samples: Barnett Shale Operating LLC, Barnett Shale Operating LLC, Limited Partnership Agreement (Tandy Holdings, Inc.)
Liability of General Partner. The General Partner is will not liable, responsible, or accountable in damages or otherwise be liable to the any Limited Partner or the Partnership for any act performed by the or omission taken or omitted as General Partner with respect to the Partnership which is not in good faith and within violation of the scope provisions of this Agreement. The , or for any act or omission taken or omitted by any member, shareholder, director, officer, affiliate, employee or agent of the General Partner is liable to Partner, except in the Limited Partner only for conduct that involves case of the General Partner's (or such other person's) own willful, wanton or intentional misconduct, malfeasance or gross negligence, bad faith, or fraud.
Appears in 3 contracts
Samples: Divine Interventures Inc, Divine Interventures Inc, Divine Interventures Inc
Liability of General Partner. The General Partner is shall not liable, responsible, or accountable be liable in damages or otherwise to the Limited Partnership or any Partner for any action taken or failure to act on behalf of the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The the authority conferred on the General Partner is by this Agreement unless such act or omission was performed or omitted fraudulently. In no event shall the General Partner be liable for any loss or damage to the Limited Partner only for conduct that involves gross negligencePartnership property caused by acts of a public enemy, bad faithnatural disasters, or fraudother causes beyond the General Partner’s control.
Appears in 2 contracts
Samples: Clear Channel Identity, Inc., Clear Channel Identity, Inc.
Liability of General Partner. The General Partner is will not liable, responsible, or accountable in damages or otherwise be liable to the any Limited Partner or the Partnership for any act performed by the or omission taken or omitted as General Partner with respect to the Partnership which is not in good faith and within violation of the scope provisions of this Agreement. The , or for any act or omission taken or omitted by any shareholder, director, officer, affiliate, employee or agent of the General Partner is liable to Partner, except in the Limited Partner only for conduct that involves case of the General Partner's (or such other person's) own willful, wanton or intentional misconduct, malfeasance or gross negligence, bad faith, or fraud.
Appears in 2 contracts
Samples: Agreement (Divine Interventures Inc), Divine Interventures Inc
Liability of General Partner. 8.05. The General Partner is not liable, responsible, or accountable in damages or otherwise to the Limited Partner Partners or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner Partners only for conduct that involves gross negligence, bad faith, or fraud.
Appears in 1 contract
Samples: Meritage Corp
Liability of General Partner. 8.06 The General Partner is not liable, responsible, responsible or accountable in damages or otherwise to the Limited Partner Partners or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreementagreement. The General Partner is liable to the Limited Partner Partners only for conduct that involves gross negligence, bad faith, faith or fraud.
Appears in 1 contract
Samples: Midland Resources Inc /Tx/
Liability of General Partner. The General Partner is not liable, responsible, shall have no liability to the Partnership or accountable in damages or otherwise to the Limited Partner for any mistakes or the Partnership errors in judgment or for any act performed by or omission which the General Partner believes in good faith and to be within the scope of this Agreement. The authority conferred upon the General Partner is liable to the Limited Partner only for conduct that involves gross negligenceby this Agreement (except acts or omissions involving willful misconduct, bad faithfraud, or fraudgross negligence as the General Partner) if the General Partner discharges the General Partner’s duties in compliance with the Act.
Appears in 1 contract
Liability of General Partner. The General Partner is shall not be liable, responsible, or accountable in damages or otherwise to the Limited Partner or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faith, or fraud.
Appears in 1 contract
Samples: Agreement (Quinlan Jim Chevrolet Co)
Liability of General Partner. The (a) Except as otherwise specifically provided herein, the General Partner is shall not be liable, responsible, responsible or accountable in damages or otherwise to the Limited Partner Partnership or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faithPartner, or to any successor, assignee or transferee thereof, in connection with the Partnership or the activities of the Partnership except by reason of acts or omissions found by a court of competent jurisdiction upon entry of a final judgment to be due to fraud, gross negligence or bad faith and willful and intentional misconduct.
Appears in 1 contract
Samples: Limited Partnership Agreement (Cedar Income Fund LTD /Md/)