Common use of Limited Liability of Limited Partner Clause in Contracts

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. (b) The General Partner shall use commercially reasonable efforts to include the following provision in all contracts entered into by the Limited Partnership: “The parties hereto acknowledge that Lansdowne Stadium Limited Partnership (the “Limited Partnership”) is a limited partnership formed under the law of the Province of Manitoba, a limited partner of which is only liable for any of the Limited Partnership’s liabilities to the extent of the amount that the limited partner has contributed to the capital of the Limited Partnership. The parties hereto acknowledge that the obligations of the Limited Partnership are not personally binding upon, nor shall recourse be had to, the property of any limited partner or the property of any successor or assign of any limited partner, and that recourse shall only be had to the property of the Limited Partnership or the property of Lansdowne Stadium GP Inc., which is the sole general partner of the Limited Partnership. The parties expressly acknowledge having been advised prior to entering into this agreement that Lansdowne Master Limited Partnership is the sole limited partner of the Limited Partnership and that, accordingly, its liability is limited as aforesaid.”

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. (b) The General Partner shall use commercially reasonable efforts to include the following provision in all contracts entered into by the Limited Partnership: “The parties hereto acknowledge that Lansdowne Stadium Ottawa 67’s Limited Partnership (the “Limited Partnership”) is a limited partnership formed under the law of the Province of Manitoba, a limited partner of which is only liable for any of the Limited Partnership’s liabilities to the extent of the amount that the limited partner has contributed to the capital of the Limited Partnership. The parties hereto acknowledge that the obligations of the Limited Partnership are not personally binding upon, nor shall recourse be had to, the property of any limited partner or the property of any successor or assign of any limited partner, and that recourse shall only be had to the property of the Limited Partnership or the property of Lansdowne Stadium Ottawa 67’s GP Inc., which is the sole general partner of the Limited Partnership. The parties expressly acknowledge having been advised prior to entering into this agreement that Lansdowne Master Limited Partnership is the sole limited partner of the Limited Partnership and that, accordingly, its liability is limited as aforesaid.”

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. (b) The General Partner shall use commercially reasonable efforts to include the following provision in all contracts entered into by the Limited Partnership: “The parties hereto acknowledge that Lansdowne Stadium Capital Gridiron Limited Partnership (the “Limited Partnership”) is a limited partnership formed under the law of the Province of Manitoba, a limited partner of which is only liable for any of the Limited Partnership’s liabilities to the extent of the amount that the limited partner has contributed to the capital of the Limited Partnership. The parties hereto acknowledge that the obligations of the Limited Partnership are not personally binding upon, nor shall recourse be had to, the property of any limited partner or the property of any successor or assign of any limited partner, and that recourse shall only be had to the property of the Limited Partnership or the property of Lansdowne Stadium Capital Gridiron GP Inc., which is the sole general partner of the Limited Partnership. The parties expressly acknowledge having been advised prior to entering into this agreement that Lansdowne Master Limited Partnership is the sole limited partner of the Limited Partnership and that, accordingly, its liability is limited as aforesaid.”

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. (b) The General Partner shall use commercially reasonable efforts to include the following provision in all contracts entered into by the Limited Partnership: “The parties hereto acknowledge that Lansdowne Stadium Retail Limited Partnership (the “Limited Partnership”) is a limited partnership formed under the law of the Province of Manitoba, a limited partner of which is only liable for any of the Limited Partnership’s liabilities to the extent of the amount that the limited partner has contributed to the capital of the Limited Partnership. The parties hereto acknowledge that the obligations of the Limited Partnership are not personally binding upon, nor shall recourse be had to, the property of any limited partner or the property of any successor or assign of any limited partner, and that recourse shall only be had to the property of the Limited Partnership or the property of Lansdowne Stadium Retail GP Inc., which is the sole general partner of the Limited Partnership. The parties expressly acknowledge having been advised prior to entering into this agreement that Lansdowne Master Limited Partnership is the sole limited partner of the Limited Partnership and that, accordingly, its liability is limited as aforesaid.”