Common use of Limitation on Liability of General Partner Clause in Contracts

Limitation on Liability of General Partner. The General Partner (including its members, officers, directors, agents, employees and representatives) shall not be liable or responsible in damages or otherwise to the Partnership or any Partner for any liability or loss relating to the performance or nonperformance of any act concerning the business of the Partnership, provided the General Partner was not guilty of gross negligence or willful misconduct.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Behringer Harvard Opportunity REIT I, Inc.), Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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