Limited Liability of Limited Partner. (a) Subject to the provisions of applicable Law, the liability of the Limited Partner for the debts, liabilities and obligations of the Limited Partnership will be limited to the amount of capital Contributed by or agreed to be Contributed by the Limited Partner to the Limited Partnership.
Limited Liability of Limited Partner. Subject to the provisions of the LP Act and of such similar legislation in Canada and elsewhere as is applicable to the Partnership, the liability of the Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to its Capital Contribution Balance and solely to the extent required by applicable law, the amount of any Capital Distributions received by it.
Limited Liability of Limited Partner. The Limited Partner shall have no liability under this Agreement except as provided in this Agreement or the Delaware Act.
Limited Liability of Limited Partner. Except as otherwise provided in the Act or any other applicable law, the Limited Partner is not personally liable for the expenses, liabilities or obligations of the Partnership beyond the amount of his Capital Contribution.
Limited Liability of Limited Partner. Subject to the provisions of the Act, the liability of the Limited Partner for the debts, liabilities and obligations of the Partnership at any relevant time shall be limited to the Limited Partner’s Capital Account at that time and any amount paid or required at such time to be paid by the Limited Partner as Additional Capital Contributions pursuant to section 3.2 and the Limited Partner shall not be liable for any further claims, assessments or contributions to the Partnership.
Limited Liability of Limited Partner. The Limited Partner shall not have any liability for the obligations or liabilities of the Partnership except to the extent provided in the Act.
Limited Liability of Limited Partner. No Limited Partner shall be ------------------------------------ liable for any debts, liabilities, contracts or obligations of the Partnership, except as provided by law. The Limited Partner shall be liable only to make payments of its Capital Contributions as and when due under this Agreement.
Limited Liability of Limited Partner. The liability of the Limited Partner in all respects shall be limited to the capital contributions paid by such Limited Partner under the provisions of Sections 2.2 and 2.3 hereof.
Limited Liability of Limited Partner. The Limited Partner shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership beyond the amount agreed to be contributed by it to the capital of the Partnership pursuant to this Agreement or as provided in Section 5.1(e)(iii), nor shall the Limited Partner be responsible for any losses of any other Partner. The Limited Partner, in its capacity as limited partner of the Partnership, shall not take part in the conduct or control of the business of the Partnership, and the Limited Partner shall have no right or authority to act for or bind the Partnership in any manner whatsoever.
