Common use of Limitation on Limited Partners’ Liability Clause in Contracts

Limitation on Limited Partners’ Liability. No Limited Partner shall be personally liable for the expenses, liabilities or obligations of the Partnership or the General Partner. The liability of each Limited Partner shall be limited solely to the amount of the Limited Partner’s Capital Contribution and its obligations under Section 4.6 above. No provision of this Agreement shall be construed to create an obligation of a Limited Partner to contribute additional capital to the Partnership for the benefit of any third party.

Limitation on Limited Partners’ Liability. No Limited Partner shall be personally liable for the expenses, liabilities or obligations of the Partnership or the General Partner. The liability of each Limited Partner shall be limited solely to the amount of the such Limited Partner’s Capital Contribution and its obligations under Section 4.6 above. No provision of this Agreement shall be construed to create an obligation of a Limited Partner to contribute additional capital to the Partnership for the benefit of any third party.

Limitation on Limited Partners’ Liability. No Limited Partner shall be personally liable for the expenses, liabilities or obligations of the Partnership or the General Partner. The liability of each Limited Partner shall be limited solely to the amount of the such Limited Partner’s 's Capital Contribution and its obligations under Section 4.6 aboveContributions. No provision of this Agreement shall be construed to create an obligation of a Limited Partner to contribute additional capital to the Partnership for the benefit of any third party.