Liability of the Funds. Hatteras understands and agrees that the obligations of each Fund under this Agreement are several and not joint, and are not binding upon any Limited Partner or any person serving on the Board of Directors of any Fund personally, but bind only the Funds and the property of the Funds severally and not jointly. Hatteras represents that it has notice of the provisions of each Fund’s organizational documents disclaiming Limited Partner and Director liability for acts and obligations of such Fund.
Appears in 4 contracts
Samples: Fund Servicing Agreement (Hatteras Multi-Strategy TEI Fund, L.P.), Fund Servicing Agreement (Hatteras Multi-Strategy Fund, L.P.), Fund Servicing Agreement (Hatteras Multi-Strategy TEI Institutional Fund, L.P.)
Liability of the Funds. Hatteras understands and agrees that the obligations of each Fund under this Agreement are several and not joint, and are not binding upon any Limited Partner or any person serving on the Board of Directors or as General Partner (as applicable) of any Fund personally, but bind only the Funds and the property of the Funds severally and not jointly. Hatteras represents that it has notice of the provisions of each Fund’s organizational documents disclaiming Limited Partner, Director and General Partner and Director liability for acts and obligations of such Fund.
Appears in 2 contracts
Samples: Investor and Fund Servicing Agreement (Hatteras Multi-Strategy Institutional Fund, L.P.), Investor and Fund Servicing Agreement (Hatteras Multi-Strategy TEI Fund, L.P.)
Liability of the Funds. Hatteras understands and agrees that the obligations of each Fund under this Agreement are several and not joint, and are not binding upon any Limited Partner Member or any person serving on the Board of Directors of any Fund personally, but bind only the Funds and the property of the Funds severally and not jointly. Hatteras represents that it has notice of the provisions of each Fund’s organizational documents disclaiming Limited Partner Member and Director liability for acts and obligations of such Fund.
Appears in 1 contract
Samples: Fund Servicing Agreement (Hatteras Global Private Equity Partners, LLC)
Liability of the Funds. Hatteras understands and agrees that the obligations of each Fund under this Agreement are several joint and not jointseveral, and are not binding upon any Limited Partner or any person serving on the Board of Directors or as General Partner (as applicable) of any Fund personally, but bind only the Funds and the property of the Funds severally jointly and not jointlyseverally. Hatteras represents that it has notice of the provisions of each Fund’s 's organizational documents disclaiming Limited Partner, Director and General Partner and Director liability for acts and obligations of such Fund.
Appears in 1 contract
Samples: Investor Servicing Agreement (Hatteras Multi-Strategy Fund II, L.P.)
