Common use of Liability of Limited Partner Clause in Contracts

Liability of Limited Partner. Except as expressly stated in this Agreement, the liability of the Limited Partners is restricted and limited to the amount of the actual Capital Contributions the Limited Partner makes or agrees to make to the Partnership. No Limited Partner is personally liable for any debt, obligation, or liability of the Partnership. The Limited Partners may not be required to pay to the Partnership or to any other Partner any deficit or negative balance that may periodically exist in the Partner’s Capital Account as a result of any allocation made in accordance with this Agreement.

Liability of Limited Partner. Except as expressly stated (a) The Limited Partners shall in this Agreement, the liability no event be liable personally for any of the Limited Partners is restricted and limited debts or losses of the Partnership or of the General Partner beyond the aggregate amount of agreed upon contributions to the amount capital of the actual Capital Contributions the Limited Partner makes or agrees to make to the Partnership. No Limited Partner is personally liable for any debt, obligation, or liability of the PartnershipPartnership as provided in Article II. The Limited Partners may shall not be required have any obligation to pay contribute any sums of money or other property to the Partnership or to any (other Partner than the agreed upon contributions provided for herein) on account of any deficit or negative balance that may periodically exist in the Partner’s his Capital Account as a result of any allocation made in accordance with this AgreementAccount.

Liability of Limited Partner. Except as expressly stated in this Agreement, the liability of the Limited Partners is restricted and limited to the amount of the actual Capital Contributions the The Limited Partner makes or agrees to make to the Partnership. No Limited Partner is personally shall not be liable for any debtof the debts, obligationliabilities, contracts or liability other obligations of the Partnership. The Limited Partners may Partner shall be liable only to make Capital Contributions in the amounts and on the dates specified in this Agreement and, except as otherwise expressly required hereunder, shall not be required to pay lend any funds to the Partnership or or, after their respective Capital Contributions have been paid, to make any other Partner any deficit or negative balance that may periodically exist in further Capital Contribution to the Partner’s Capital Account as a result of any allocation made in accordance with this AgreementPartnership.

Liability of Limited Partner. Except as expressly stated in The Limited Partner shall not be bound by, or be personally liable for the expenses, liabilities or obligations of the Partnership beyond the amount agreed to be contributed by it to the capital of the Partnership pursuant to this Agreement, the liability of the Limited Partners is restricted and limited to the amount of the actual Capital Contributions except as provided in Section 6.07, the Limited Partner makes or agrees to make to the Partnership. No Limited Partner is personally liable shall not be responsible for any debt, obligation, or liability of the Partnership. The Limited Partners may not be required to pay to the Partnership or to losses of any other Partner any deficit or negative balance that may periodically exist in the Partner’s Capital Account as a result of any allocation made in accordance with this Agreement.

Liability of Limited Partner. Except as expressly stated The Limited Partner shall have no further personal liability to contribute money to, or in this Agreementrespect of, the liability liabilities or the obligations of the Limited Partners is restricted and limited to the amount of the actual Capital Contributions Partnership, nor shall the Limited Partner makes or agrees to make to the Partnership. No Limited Partner is be personally liable for any debt, obligation, or liability obligations of the Partnership, except as otherwise provided in this Article IV or in the Act. The Limited Partners may Partner shall not be required to pay make any contributions to the capital of the Partnership or to any other Partner any deficit or negative balance that may periodically exist in the Partner’s than its initial Capital Account as a result of any allocation made in accordance with this AgreementContribution.