Liability of Limited Partners. Limited Partners will not have any personal liability for any debts, obligations or losses of the Partnership in excess of the balance in their Capital Accounts. No Limited Partner shall be required to pay to the Partnership or to any Partner any deficit or negative balance which may exist from time to time in his/her Capital Account.
Appears in 20 contracts
Samples: Limited Partnership Agreement (Trager Steve), Limited Partnership Agreement (Trager Steve), Limited Partnership Agreement (Teebank Family LTD Partnership)
