Common use of Liability of the Partners Generally Clause in Contracts

Liability of the Partners Generally. (a) Except as otherwise provided in the Delaware Act, each General Partner shall have the liabilities of a partner in a partnership without limited partners to Persons other than the Partnership and the Limited Partners. (b) Except as otherwise provided in this Agreement or the Delaware Act, no Limited Partner (or former Limited Partner) shall be obligated to make any contribution of capital to the Partnership or have any liability for the debts and obligations of the Partnership.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Ecoscience Corp/De), Agreement of Limited Partnership (Cogentrix Energy Inc), Limited Partnership Agreement (Cogentrix Energy Inc)

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Liability of the Partners Generally. (a) Except as otherwise provided in the Delaware Act, each the General Partner shall have the liabilities of a partner in a partnership without limited partners to Persons any Person other than the Partnership and the Limited Partners. Except as otherwise provided in this Agreement or the Delaware Act, the General Partner shall have the liabilities of a partner in a partnership without limited partners to the Partnership and each Limited Partner. (b) Except as otherwise provided in this Agreement or the Delaware Act, no Limited Partner (or former Limited Partner) shall be obligated to make any contribution of capital to the Partnership or have any liability for the debts and obligations of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Greenhill & Co Inc), Limited Partnership Agreement (Greenhill & Co Inc)

Liability of the Partners Generally. (a) Except as otherwise provided in the Delaware Act, each the General Partner shall have the liabilities of a partner in a partnership without limited partners to Persons any Person other than the Partnership and the Limited Partners. Except as otherwise provided in this Agreement or the Delaware Act, the General Partner shall have the liabilities of a partner in a partnership without limited partners to the Partnership and each Limited Partner. (ba) Except as otherwise provided in this Agreement or the Delaware Act, no Limited Partner (or former Limited Partner) shall be obligated to make any contribution of capital to the Partnership or have any liability for the debts and obligations of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Greenhill & Co Inc)

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Liability of the Partners Generally. (a) Except as otherwise provided in the Delaware Act, each the General Partner shall have has the liabilities of a partner in a partnership without limited partners to Persons other than the Partnership and the Limited Partners. (b) . Except as otherwise provided in this Agreement or the Delaware Act, the General Partner has the liabilities of a partner in a partnership without limited partners to the Partnership and the Limited Partners. (b) Except as expressly provided in this Agreement and the Delaware Act, no Limited Partner (or former Limited Partner) shall be is obligated to make any contribution of capital Capital Contribution to the Partnership or have has any liability for the debts and obligations of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement

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