Limitation of Liability of Limited Partners. No Limited Partner shall be liable for any debts, liabilities, contracts or obligations of the Partnership. A Limited Partner shall be liable to the Partnership only to make payments of its Capital Contribution, if any, as and when due hereunder. After its Capital Contribution is fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Partnership.
Limitation of Liability of Limited Partners. None of the Limited Partners shall have any liability under this Agreement except as expressly provided in this Agreement or the Delaware Act.
Limitation of Liability of Limited Partners. The liability of any Limited Partner to provide funds or any other property to the Partnership shall be limited to the amount of the Partner's required Capital Contribution. The Limited Partners shall have no further liability to contribute money to the Partnership for, or in respect of, the liabilities or obligations of the Partnership nor shall any Limited Partner be personally liable for any obligations of the Partnership.
Limitation of Liability of Limited Partners. A Limited Partner in its capacity as such shall not be personally liable for the obligations and liabilities of the Partnership beyond the amount of its initial Capital Contribution; provided that if a Limited Partner receives a distribution prohibited by the Act and the Limited Partner knew that the distribution was so prohibited, the Limited Partner shall be liable for the return of the distribution to the Partnership.
Limitation of Liability of Limited Partners. (a) Except as otherwise expressly required by the Act, a Limited Partner, in its capacity as such, shall have no liability in excess of (i) the amount of its Capital Contribution, (ii) its share of any undistributed profits and assets of the Partnership, (iii) its obligation to make other payments expressly provided for in this Agreement, and (iv) the amount of any distributions from the Partnership wrongfully distributed to it (to the extent such distributions are required to be returned pursuant to the Act or applicable law). It is the intent of the parties hereto that no distribution to any Limited Partner shall be deemed a return of any money or other property in violation of the Act. However, if any court of competent jurisdiction holds that, notwithstanding the provisions of this Agreement, a Limited Partner is obligated to return such money or property, such obligation shall be the obligation of such Limited Partner and not of the General Partner or any other Limited Partner.
(b) No Limited Partner, in its capacity as such, shall take part in the day-to-day management, operation or control of the business and affairs of the Partnership. No Limited Partner shall have any right, power or authority to transact any business in the name of the Partnership or to act for or on behalf of or to bind the Partnership. A Limited Partner shall have no rights other than those specifically provided herein or the Act.
(c) A Limited Partner or an employee, agent, director or officer of a Limited Partner may also be an employee, agent, director or officer of the Partnership or the General Partner. The existence of these relationships and acting in such capacities will not result in a Limited Partner’s being deemed to be participating in the control of the business of the Partnership or otherwise affect the liability of such Limited Partner or the Person so acting.
Limitation of Liability of Limited Partners. The Limited Partners shall not be bound by, or personally liable for, obligations or liabilities of the Partnership to outside third parties beyond the amount of their Capital Contributions to the Partnership, and the Limited Partners shall not be required to contribute any capital to the Partnership for any obligations to third parties in excess of the Capital Contributions actually made under Sections Sections 3.1, 3.2 and 3.3 hereof.
Limitation of Liability of Limited Partners. 43 Section 8.04 [Reserved] ................................................... 43 Section 8.05
Limitation of Liability of Limited Partners. Except as otherwise provided in the Act, no Limited Partner shall be obligated personally for any debt, obligation or liability of the Partnership or of any other Partner, whether arising in contract, tort or otherwise, solely by reason of being a Partner of the Partnership. Except as otherwise provided in the Act, by law or expressly in this Agreement, no Limited Partner shall have any fiduciary or other duty to another Partner with respect to the business and affairs of the Partnership, and no Limited Partner shall be liable to the Partnership or any other Partner for acting in good faith reliance upon the provisions of this Agreement, or for breach of any fiduciary or other duty that does not involve (a) acts or omissions not in good faith or which involve fraud, willful misconduct or a willful violation of law or (b) gross negligence or a willful disregard of its duties under the terms of this Agreement; in each case as determined by a final judgment, order, or decree of a court of competent jurisdiction (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). No Limited Partner shall have any responsibility to restore any negative balance in its Capital Account (as defined in Section 5.1) or to contribute to or in respect of the liabilities or obligations of the Partnership or return distributions made by the Partnership except as required by the Act or other applicable law. The failure of the Partnership to observe any formalities or requirements relating to the exercise of its powers or the management of its business or affairs under this Agreement or the Act shall not be grounds for making its Limited Partners responsible for any liability of the Partnership.
Limitation of Liability of Limited Partners. The liability of any Limited Partner to provide funds or any other property to the Partnership shall be limited to the capital which the Limited Partner is required to contribute pursuant to subparagraph "a." of this Article "5". Nothing contained in this Agreement shall be construed to require any Limited Partner to restore any deficit in his capital account by making any capital contributions to the Partnership. The Limited Partners shall have no further personal liability to contribute money to the Partnership for, or in respect of, the liabilities or obligations of the Partnership and shall not be personally liable for any obligations of the Partnership. The liability of the Limited Partners is restricted and limited to the amount of the actual capital contributions that each limited partner makes or agrees to make to the Partnership.
Limitation of Liability of Limited Partners. CCDQ Covered Bond (Legislative) Guarantor Limited Partnership is a limited partnership formed under the Limited Partnerships Act (Ontario), a limited partner of which is, except as expressly required by law, only liable for any of its liabilities or any of its losses to the extent of the amount that the limited partner has contributed or agreed to contribute to its capital.
