Common use of Liability of Limited Partner Clause in Contracts

Liability of Limited Partner. The Limited Partner shall not be liable for any debts, liabilities, contracts, or obligations of the Partnership, except as provided by law. The Limited Partner shall be liable only to make payments of its capital contributions as and when due under this Agreement.

Liability of Limited Partner. The Limited Partner shall not be liable for any debts, liabilities, contracts, or obligations of the Partnership, except as provided by law. The No Limited Partner shall be liable only to make payments for any debt of its capital contributions or claim against the Partnership. No Limited Partner, in his capacity as and when due under this Agreementa Limited Partner, shall take part in the management or control of the Partnership's business, except as permitted by the Act.

Liability of Limited Partner. The Limited Partner shall not be liable for any debts, liabilities, contracts, or obligations of the Partnership, except as provided by law. The No Limited Partner shall be liable only for the debts, liabilities, contracts or any other obligations of Partnership (except to make payments the extent of its capital contributions as and when due such Limited Partner's Capital Contributions made or required under this AgreementSection 4), or for the debts or liabilities of any other Partner. No Limited Partner shall be required to provide any loans to Partnership.

Liability of Limited Partner. The Limited Partner shall not be liable for any of the debts, liabilities, contracts, contracts or other obligations of the Partnership, except as provided by law. The Limited Partner shall be liable only to make payments of its capital contributions as Capital Contribution in the amounts and when due under on the dates specified in this AgreementAgreement and shall not be required to lend any funds to the Partnership or, after its Capital Contribution has been paid, to make any further Capital Contribution to the Partnership.

Liability of Limited Partner. The No Limited Partner shall not be liable for any debts, liabilities, contracts, contracts or obligations of the Partnership, except as provided by law. The Limited Partner shall be liable only to make payments of its capital contributions as and when due under this Agreement.

Liability of Limited Partner. The No Limited Partner shall not be liable for any debts, liabilities, contracts, or obligations of the Partnership, except as provided by law. The A Limited Partner shall be liable only to make payments of its capital contributions Capital Contributions as and when due under this Agreementhereunder. After its Capital Contributions shall be fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or payments or lend any funds to the Partnership.