Common use of LIABILITY OF INVESTORS Clause in Contracts

LIABILITY OF INVESTORS. (a) Nothing herein shall require the Manager to maintain any minimum net worth or shall make any person associated with the Manager individually liable for any debt, liability or obligation of this Fund or of the Manager, and neither shall the Manager have any obligation to restore any negative balance in any Investor's or in the Manager's Capital Account. (b) Except as provided in Section 2.08 (providing for chargebacks to current or former Investors), an Investor shall be liable for the repayment, satisfaction and discharge of debts, liabilities and obligations of this Fund only to the extent of such Investor's investment in this Fund and not in excess thereof. (c) No Investor shall have any obligation to restore any negative balance in such Investor's Capital Account, and neither shall the Manager have any obligation to restore any negative balance in any Investor's or in the Manager's Capital Account.

LIABILITY OF INVESTORS. (a) Nothing herein shall require the Manager to maintain any minimum net worth or shall make any person associated with the Manager individually liable for any debt, liability or obligation of this Fund or of the Manager, and neither shall the Manager have any obligation to restore any negative balance in any Investor's ’s or in the Manager's ’s Capital Account. (b) Except as provided in Section 2.08 (providing for chargebacks to current or former Investors), an Investor shall be liable for the repayment, satisfaction and discharge of debts, liabilities and obligations of this Fund only to the extent of such Investor's ’s investment in this Fund and not in excess thereof. (c) No Investor shall have any obligation to restore any negative balance in such Investor's ’s Capital Account, and neither shall the Manager have any obligation to restore any negative balance in any Investor's ’s or in the Manager's ’s Capital Account.