Liability of Limited Partners. The liability of each Limited Partner is limited to its Capital Contributions. Except as provided by the Act, a Limited Partner is not required to contribute money to, or for the liabilities of the Partnership, and is not personally liable for any loss, liability or other obligations of the Partnership.
Appears in 5 contracts
Samples: Investments Limited Partnership Agreement (Silverstein Investments Lp), Limited Partnership Agreement (Silverstein Barry), Limited Partnership Agreement (McGillicuddy Dennis J)
Liability of Limited Partners. The liability of each A Limited Partner is limited will be liable for, and will have the duty to pay as and when due, its Capital ContributionsCommitment. Except as provided by the Actfor such Capital Commitment, a Limited Partner is will not be required to contribute money to, make any further contributions or for the liabilities of loans to the Partnership, and is will not be personally liable for any loss, liability or other obligations of the Partnership.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement (Tullys Coffee Corp)
Liability of Limited Partners. The Except as required by applicable law, the liability of each Limited Partner is (in its capacity as a limited to its Capital Contributions. Except as provided by partner in the Act, a Limited Partner is not required to contribute money to, or Partnership) for the liabilities of the Partnershiplosses, debts, and is not personally liable for any loss, liability or other obligations of the PartnershipPartnership shall be limited to the unpaid capital contributions such Partner is required to make to the Partnership pursuant to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Limited Partnership Agreement (Barnwell Industries Inc), Limited Liability Limited Partnership Agreement (Barnwell Industries Inc)
Liability of Limited Partners. The liability of each Limited Partner is limited to its Capital Contributions. Except as provided by the Act, a Limited Partner is Partners shall not required to contribute money to, or be liable for the liabilities of the Partnershipdebts, and is not personally liable for any lossliabilities, liability contracts or other obligations of the PartnershipPartnership except for any unpaid Capital Contributions agreed to be made by a Partner, except to the extent of the Limited Partners' share of the assets (including undistributed revenues) of the Partnership and except as otherwise provided in the Act.
Appears in 1 contract
Samples: DNR Mesa Holdings L P
