Common use of Liability of the Limited Partners Clause in Contracts

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.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Liability of the Limited Partners. The Except as provided under the Act, neither the Investment Limited Partner, the Special Limited Partner and nor any Person who becomes an Additional Limited Partner shall not be liable for any debts, liabilities, contracts or obligations of the Partnership and Partnership; such Persons shall only be liable only to pay their respective Capital Contributions as and when the same are due hereunder and under the Uniform Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Liability of the Limited Partners. The Neither the Investment Limited PartnerPartners, the Special Limited Partner and nor any Person who becomes an Additional Limited Partner shall not be liable for any debts, liabilities, contracts or obligations of the Partnership and Partnership; such Persons shall only be liable only to pay their respective Capital Contributions as and when the same are due hereunder and under the Uniform Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Liability of the Limited Partners. The Except as provided under the Act, neither the Investment Limited Partner, the Special Limited Partner and nor any Person who becomes an Additional Limited Partner shall not be liable for any debts, liabilities, contracts or obligations of the Partnership and Partnership; such Persons shall only be liable only to pay their respective Capital Contributions as and when the same are due hereunder and under the Uniform Act. After its Capital Contribution shall be fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further capital contributions or payments or lend any funds to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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