Common use of Liability of Participants Clause in Contracts

Liability of Participants. In no event will any Participant (or former Participant) be obligated to make any capital contribution in addition to its agreed capital contributions (or other payments provided for herein) or have any liability for the repayment or discharge of debts and obligations of the Joint Venture except to the extent provided herein or as required by Law.

Appears in 4 contracts

Samples: Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.)

AutoNDA by SimpleDocs

Liability of Participants. In no event will any Participant (or former Participant) be obligated to make any capital contribution in addition to its agreed capital contributions (or other payments provided for herein) or have any liability for the repayment or discharge of debts and obligations of the Joint Venture venture except to the extent provided herein or as required by Lawlaw.

Appears in 4 contracts

Samples: Third Amended and Restated Agreement (Greenlight Capital Re, Ltd.), Agreement (Greenlight Capital Re, Ltd.), Agreement (Greenlight Capital Re, Ltd.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!