Common use of Limitation of the Guarantor's Liability Clause in Contracts

Limitation of the Guarantor's Liability. The Guarantor 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.

Limitation of the Guarantor's Liability. The Guarantor is a limited partnership formed under the Limited Partnerships Act (Ontario), a limited partner of which iswhich, except as expressly required by law, is only liable for any of its liabilities or any of its losses to the extent of the amount that the limited partner has contributed.