Common use of Liability of General Partners Clause in Contracts

Liability of General Partners. General Partners shall have unlimited liability for the satisfaction and discharge of all losses, liabilities and expenses of the Partnership.

Appears in 32 contracts

Samples: Limited Partnership Agreement (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.), Agreement of Limited Partnership (Blackstone Inc.)

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Liability of General Partners. The General Partners shall have unlimited liability for the satisfaction and discharge of all losses, liabilities and expenses of the Partnership.

Appears in 3 contracts

Samples: Agreement of Exempted Limited Partnership (Blackstone Group Inc), Agreement of Exempted Limited Partnership (Blackstone Group Inc), Amended and Restated Agreement of Exempted Limited Partnership (Blackstone Group Inc)

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Liability of General Partners. The General Partners shall have unlimited liability for the satisfaction and discharge of all losses, liabilities and expenses of the Partnership's obligations in excess of its assets, except as otherwise agreed with creditors.

Appears in 1 contract

Samples: Limited Partnership Agreement (SFLL Fine Family Investments Partnership, L.P.)

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