Common use of Liability of Partners and Investors A Clause in Contracts

Liability of Partners and Investors A. Except as provided in Section 17-607 of the Act, or in Section 3.1 with respect to the Subordinated Limited Partner, the Limited Partners and Investors shall be liable only to pay their Capital Contributions and no Limited Partner or Investor will be personally liable for the debts, liabilities, contracts, or other obligations of the Partnership. B. Except as set forth in 3.4A, no Limited Partner or Investor shall be required to lend any funds to the Partnership or, after his Capital Contribution has been fully paid, to make any further capital contribution to the Partnership, nor shall any Limited Partner or Investor be liable for or have any obligation to restore any negative balance in his Capital Account. C. Subject to the provisions of Sections 3.1 and 5.9 of this Agreement, the General Partner shall not have any personal liability for the repayment of the Capital Contribution or the Preferred Return of any Limited Partner or Investor or be required to repay to the Partnership all or any portion of any negative balance of the Capital Accounts of the Limited Partners or the Investors.

Liability of Partners and Investors A. Except as provided in Section 17-607 of the Act, or in Section 3.1 3.3 with respect to the Subordinated MNC Special Limited Partner, the Limited Partners and Investors shall be liable only to pay their Capital Contributions and no Limited Partner or Investor will be personally liable for the debts, liabilities, contracts, or other obligations of the Partnership. B. Except as set forth in 3.4ASection 3.5A, no Limited Partner or Investor shall be required to lend any funds to the Partnership or, after his Capital Contribution has been fully paid, to make any further capital contribution to the Partnership, nor nor, except as set forth in Section 3.3, shall any Limited Partner or Investor be liable for or have any obligation to restore any negative balance in his Capital Account. C. Subject to the provisions of Sections 3.1 and 5.9 of this Agreement, the General Partner shall not have any personal liability for the repayment of the Capital Contribution or the Preferred Cumulative Return of any Limited Partner or Investor or be required to repay to the Partnership all or any portion of any negative balance of the Capital Accounts of the Limited Partners or the Investors.