Common use of Liability of Partners Clause in Contracts

Liability of Partners. No Limited Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership. Except as agreed upon by the Partners, and except as otherwise provided by the Act or by any other applicable state law, no Partner shall be required to make any other Capital Contributions or to loan any funds to the Partnership. No Partner shall have any personal liability for the repayment of its Capital Contributions or loans of any other Partner.

Liability of Partners. No Limited Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership. During any period in which the Partnership is also a registered limited liability partnership, no Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership, except as specifically provided in the Act. Except as agreed upon by the Partners, and except as otherwise provided by the Act or by any other applicable state law, no Partner shall be required to make any other Capital Contributions or to loan any funds to the Partnership. No Partner shall have any personal liability for the repayment of its Capital Contributions or loans of any other Partner.

Liability of Partners. No Limited Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership. Except as agreed upon by the Partners, and except as otherwise provided by the Act or by any other applicable state law, no Partner shall be required to make any other Capital Contributions or to loan any funds to the Partnership. No Partner shall have any personal liability for the repayment of its the Capital Contributions or loans of any other Partner.

Liability of Partners. No Limited Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership. Except as agreed upon by the Partners, and except as otherwise provided by the Act or by any other applicable state law, no A Limited Partner shall be liable only to make its capital contribution and shall not be required to make any other Capital Contributions or to loan lend any funds to the Partnership or, to make any further capital contributions to the Partnership or to repay to the Partnership. No Partner shall have , any personal liability for Partner, or any creditor of the repayment of its Capital Contributions or loans Partnership any portion of any other Partnernegative balance in its capital account.

Liability of Partners. (a) No Partner shall be required to make any Capital Contributions to the Partnership in excess of its Capital Commitment. No Limited Partner shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Partnership. Except as agreed upon by the Partners, and Partnership in excess of such Limited Partner’s Capital Commitment except as otherwise provided required by the Act or by any other applicable state law, no Partner shall be required to make any other Capital Contributions or to loan any funds to the Partnership. No Partner shall have any personal liability for the repayment of its Capital Contributions or loans of any other PartnerAct.