Common use of Limited Liability for Limited Partner Clause in Contracts

Limited Liability for Limited Partner. The liability of the Limited Partner to the Partnership is limited to the amount of capital contributions by such Limited Partner. Accordingly, the contribution called for in paragraph 4.02 is the only property the Limited Partner is required to furnish to the Partnership, whether by way of contribution, loan, or otherwise. However, the Limited Partner is entitled to a return of its capital contribution only as provided in this Agreement.

Limited Liability for Limited Partner. The liability of the Limited Partner to the Partnership is limited to the amount of capital contributions by such Limited Partnerits Capital Contribution. Accordingly, the contribution contributions called for in paragraph 4.02 is 6.02 are the only property the Limited Partner is required to furnish to the Partnership, whether by way of contribution, loan, or otherwise. However, the Limited Partner is entitled to a return of its capital contribution Capital Contribution only as provided in this Agreement.