Common use of Liability of the Limited Partners Clause in Contracts

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.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Federal Realty Investment Trust), Limited Partnership Agreement (Lexington Master Limited Partnership), Limited Partnership Agreement (Lexington Realty Trust)

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Liability of the Limited Partners. Each Limited Partner’s '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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Ramco Gershenson Properties Trust), Limited Partnership Agreement (Lexington Corporate Properties Trust)

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