Common use of LIABILITY OF PARTNERS - FOR CAPITAL Clause in Contracts

LIABILITY OF PARTNERS - FOR CAPITAL. The liability of each Partner for capital shall be limited to the amount of its agreed Capital Contribution as a Partner as provided in Section 3.1 and Section 3.5, except that the Partners may be liable to the Partnership for amounts distributed to them as a return of capital as provided by the Act. The Partners shall not be required to contribute any additional capital to the Partnership except as provided in Section 3.5.

LIABILITY OF PARTNERS - FOR CAPITAL. The liability of each Limited Partner, as such, shall be limited to the amount of his agreed Capital Contribution as a Limited Partner for capital as provided in Section 3.1. The liability of the General Partner, as such, shall be limited to the amount of its agreed Capital Contribution Contributions as a General Partner as provided in Section 3.1 and Section 3.5, except that the Partners may be liable to the Partnership for amounts distributed to them as a return of capital as provided by the Act. The Partners shall not be required to contribute any additional capital to the Partnership except as provided in Section 3.53.1.