Liability of the Limited Partners. The Investment Limited Partner, the Special Limited Partner and any Person who becomes an Additional Limited Partner shall not be liable for any debts, liabilities, contracts or obligations of the Partnership and shall only be liable to pay their respective Capital Contributions as and when the same are due hereunder and under the Uniform Act.
Liability of the Limited Partners. No Limited Partner shall have any personal liability to the Partnership, to any Partner, to the creditors of the Partnership or to any other Person for any debt, liability or obligation of the Partnership. No Limited Partner shall be required to contribute funds or capital to the Partnership in excess of its Capital Commitment although Limited Partners may at their option contribute funds in excess of their respective Capital Commitments pursuant to Section 5.1(c) and Section 5.1(d) hereof.
Liability of the Limited Partners. Each Limited Partner’s exposure to liabilities hereunder is limited to its interest in the Partnership. No Limited Partner shall be personally liable for the expenses, liabilities, debts, or obligations of the Partnership.
Liability of the Limited Partners. Except as otherwise described in the Act, no Limited Partner shall be liable for any debts, liabilities, contracts, or any other obligations of the Partnership. Except as otherwise described in the Act, a Limited Partner has no liability in excess of his Capital Contribution and his share of the Partnership's assets and undistributed profits, and shall not be required to lend any funds to the Partnership or, after his Capital Contribution has been paid, to make any further Capital Contributions to the Partnership or to pay to the Partnership, any Partner, or any creditor of the Partnership any portion or all of any negative balance of his Capital Account.
Liability of the Limited Partners. 21 4.5 Special Rights of the Investment Limited Partner ........................ 21 4.6 Meetings ................................. 23 ARTICLE V Capital Contributions of the Investment Limited Partner and the Special Limited Partner................................. 24 5.1 Payments ................................. 24 5.2 Return of Capital Contributions .......... 28
Liability of the Limited Partners. The liability of the Limited Partners to third parties shall be limited as provided in the Act. The Limited Partners acknowledge and agree that they shall be liable to the Partnership for any money or other property distributed, paid or conveyed to them by the Partnership, to the extent required by applicable law. The Limited Partners shall not be obligated to make any additional contributions to the capital of the Partnership after the Initial Capital Contribution. In the event the Limited Partners are required under the Act to return to the Partnership, for the benefit of creditors of the Partnership, amounts previously distributed to the Limited Partners, the obligation of the Limited Partners to return any such amount to the Partnership shall be the obligation of the Limited Partners and not the obligation of the General Partner. No Limited Partner shall be liable to any third party with whom or which the Partnership transacts any business by virtue of such Limited Partner's appointment of a Representative to the Executive Committee, and such appointment shall in no way expand such Limited Partner's liabilities or obligations hereunder.
Liability of the Limited Partners. Except as may be provided by law, the liability of each Limited Partner is limited to its Capital Contribution, and nothing in this Agreement shall remove, diminish or affect such limitation.
Liability of the Limited Partners. The Limited Partners shall not have any liability for the obligations or liabilities of the Partnership except to the extent required by the Act.
Liability of the Limited Partners. 16 2. Restrictions on the Limited Partners........................16 3.
Liability of the Limited Partners. Except as expressly provided otherwise by the Act, (i) no Limited Partner shall be liable for the debts, liabilities, losses, contracts and obligations of the Partnership; and (ii) no Limited Partner shall have any personal liability whatsoever in its capacity as a Limited Partner, whether to the Partnership, to any of the Partners, or to the creditors of the Partnership for the debts, liabilities, contracts or other obligations of the Partnership or any losses of the Partnership. Where reasonably possible, the General Partner shall endeavour to include a provision in any agreement, contract, loan document, indenture, guarantee and other binding agreement entered into by the Partnership which stipulates that any recourse a contracting party may have against the Partnership shall be limited as to the amount any party to such agreement, contract, loan document, indenture, guarantee and other binding agreement could recover in a successful action against the Partnership to the Partnership's assets and in no event shall recourse be sought against the Limited Partners.
