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

Limitation on Liability of General Partner. Except as set forth in the Holdings Guaranty, the Obligations shall be nonrecourse to General Partner, except to the extent of its partnership interests in Company and Holdings. Any liability of General Partner in respect of the Obligations shall be specifically limited to the interests of General Partner and in its partnership interests in Company and Holdings, and no other assets of General Partner shall be subject to any claims as a result hereof. Except as set forth herein or in the Loan Documents, each Lender acknowledges and agrees that no director, officer, employee, incorporator, stockholder or limited partner of the Company, as such, shall have any liability for any obligations of Company or for any claim based on, in respect of, or by reason of, such obligations or their creation.

Appears in 2 contracts

Samples: Credit Agreement (Anthony Crane Rental Holdings Lp), Pledge and Security Agreement (Anthony Crane Rental Lp)

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Limitation on Liability of General Partner. Except as set forth in the Holdings Guaranty, the The Obligations shall be ------------------------------------------- nonrecourse to General Partner, except to the extent of its partnership interests in Company and Holdings. Any liability of General Partner in respect of the Obligations shall be specifically limited to the interests of General Partner and in its partnership interests in Company and Holdings, and no other assets of General Partner shall be subject to any claims as a result hereofof this Guaranty. Except as set forth herein or in the Loan Documents, each Lender Collateral Agent acknowledges and agrees that no director, officer, employee, incorporator, stockholder or limited partner of the Guarantors Company, as such, shall have any liability for any obligations of Company Obligations or for any claim based on, in respect of, or by reason of, such obligations Obligations or their creation.

Appears in 1 contract

Samples: Pledge and Security Agreement (Anthony Crane Rental Lp)

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Limitation on Liability of General Partner. Except as set forth in the Holdings Guaranty, the Obligations shall be nonrecourse to General Partner, except to the extent of its partnership interests in Company and Holdings. Any liability of General Partner in respect of the Obligations shall be specifically limited to the interests of General Partner and in its partnership interests in Company and Holdings, and no other assets of General Partner shall be subject to any claims as a result hereof. Except as set forth herein or in the Loan Documents, each Lender acknowledges and agrees that no director, officer, employee, incorporator, stockholder or limited partner of the Company, as such, shall have any liability for any obligations of Company or for any claim based on, in respect of, or by reason of, such obligations or their creation.. 150

Appears in 1 contract

Samples: Revolving Credit Agreement (Anthony Crane Holdings Capital Corp)

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