Liability of Partners. (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the Act.
Appears in 71 contracts
Samples: Limited Partnership Agreement (KKR & Co. Inc.), Limited Partnership Agreement (Blackstone Group Inc), Limited Partnership Agreement (Blackstone Group Inc)
Liability of Partners. (a) No Limited Partner and no Affiliate, manager, member, employee or agent of a Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the Act.
Appears in 20 contracts
Samples: Limited Partnership Agreement (PJT Partners Inc.), Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (Beneficient)
Liability of Partners. (a) No Limited Partner shall be liable for any debt, debt obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the Act.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.), HFF, Inc.
Liability of Partners. (a) No Limited Partner shall be liable for any debtthe debts, obligation liabilities, contracts or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by expressly provided herein or in the Act. No Partner shall be liable for the debts or liabilities of any other Partner.
Appears in 5 contracts
Samples: Partnership Agreement (Easy Gardener Products LTD), Limited Partnership Agreement (Us Home & Garden Trust I), Fiber Glass Systems Lp
Liability of Partners. (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Limited Partner of the Partnership, except to the extent required by the Act.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Evercore Inc.), Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.)
Liability of Partners. (a) No Limited Partner and no Affiliate, manager, member, employee or agent of a Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Limited Partner of the Partnership, except to the extent required by the Act.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Summit Materials, Inc.), Limited Partnership Agreement (Summit Materials, Inc.), Limited Partnership Agreement (Summit Materials, Inc.)
Liability of Partners. (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Limited Partner of the Partnership, except to the extent required by the Act.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Apollo Global Management LLC), Limited Partnership Agreement (Apollo Global Management LLC)
Liability of Partners. (a) No Limited Partner shall be liable for any debtthe debts, obligation liabilities, contracts or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by expressly provided herein or in the Partnership Act. No Partner shall be liable for the debts or liabilities of any other Partner.
Appears in 2 contracts
Samples: Cornell Corrections of Rhode Island, Inc., Cornell Corrections of Rhode Island, Inc.
Liability of Partners. (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Limited Partner of the Partnership, except to the extent required by the ActPartnership Law.
Appears in 2 contracts
Samples: Apollo Global Management LLC, Apollo Global Management LLC
Liability of Partners. (a) No Except as explicitly provided in the Act or as explicitly provided elsewhere herein, no Limited Partner shall be liable for any debtdebts, obligation liabilities, contracts or liability obligations of the Partnership or whatsoever. Each of the Partners acknowledges that its Capital Contributions are subject to the claims of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner and all creditors of the Partnership, except Partnership to the extent required provided by the ActAct and other applicable law.
Appears in 1 contract
Samples: Homer City Generation, L.P.
Liability of Partners. (a) The Limited Partners shall not be liable for the debts, liabilities, contracts or any other obligation of the partnership, except to the extent provided in the Act. No Limited Partner shall be liable for any debt, obligation the debts or liability of the Partnership or liabilities of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the ActPartner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ashton Houston Residential L.L.C.)
Liability of Partners. (a) A. No Limited Partner shall be liable for any debtthe debts, obligation liabilities, contracts or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner obligations of the Partnership, except . A Limited Partner shall be liable only to make his Original Capital Contribution and shall not be required to loan any funds to the extent required by Partnership or, after his capital contribution shall have been paid, to make any further capital contribution to the ActPartnership.
Appears in 1 contract
Samples: Decade Companies Income Properties
Liability of Partners. (a) Limited Partners. No Limited Partner Partner, in such capacity, shall be liable have any liability for any debt, obligation or liability the debts and obligations of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnershippartnership, except to the extent required by as provided in this Agreement or the Act.
Appears in 1 contract
