Common use of Liability of Limited Partner Clause in Contracts

Liability of Limited Partner. The Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the Limited Partner’s share of the assets (including undistributed revenues) of the Partnership; and in all events, the Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the Limited Partner shall not be required to make any loans to the Partnership. The Partnership shall indemnify and hold harmless the Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The To the extent provided by applicable law, the Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the Limited Partner shall not be required to make any loans to the Partnership. The Partnership shall indemnify and hold harmless the Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership Partnership, except to the extent expressly provided in the preceding sentence sentence, or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The No Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the such Limited Partner as set forth in Section SECTION 3.2 (which shall be subject to reduction as provided for in Section SECTION 3.4), any additional Capital Contributions hereafter agreed to be made by the such Limited Partner in accordance with Section SECTION 3.3 (which shall also be subject to reduction as provided for in Section SECTION 3.4) and the such Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the such Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the such Limited Partner shall not be required to make any loans to the Partnership. The Except to the extent expressly provided in the preceding sentence, the Partnership shall indemnify and hold harmless the each Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The Each of the Limited Partner Partners shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the a Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4)3.1, any additional Capital Contributions hereafter agreed to be made by the a Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) 3.2 and the a Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the a Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the a Limited Partner shall not be required to make any loans to the Partnership. The Partnership shall indemnify and hold harmless each of the Limited Partner Partners in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The No Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the such Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the such Limited Partner in accordance with Section Sections 3.2A and 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the such Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the such Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the such Limited Partner shall not be required to make any loans to the Partnership. The Except to the extent expressly provided in the preceding sentence, the Partnership shall indemnify and hold harmless the each Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the Limited Partner shall not be required to make any loans to the Partnership. The Partnership shall indemnify and hold harmless the Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.

Liability of Limited Partner. The No Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions hereafter agreed to be made by the such Limited Partner as set forth in Section 3.2 SECTIONS 3.3, 3.4 and 3.5 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the SECTION 3.6)and such Limited Partner’s 's share of the assets (including undistributed revenues) of the Partnership; and in all events, the such Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the such Limited Partner shall not be required to make any loans to the Partnership. The Except to the extent expressly provided in the preceding sentence, the Partnership shall indemnify and hold harmless the each Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.