Common use of Limited Liability of Limited Partners Clause in Contracts

Limited Liability of Limited Partners. Subject to the provisions of the Act and of similar legislation in other jurisdictions of Canada, the liability of each Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to the Limited Partner’s Capital Contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following the contribution of a Limited Partner’s Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the Partnership, except to the extent required by applicable Law.

Limited Liability of Limited Partners. Subject to the provisions of the Act and of such similar legislation in other jurisdictions of CanadaCanada and elsewhere as is applicable to the Partnership, the liability of each a Limited Partner is not liable for the debts, liabilities and or obligations of the Partnership will be limited to the Limited Partner’s Capital Contribution, plus the Limited Partner’s share of any undistributed income except in respect of the Partnership. Following the contribution value of a Limited Partner’s Capital Contribution, money and other property the Limited Partner will not be liable for any further claims contributes or assessments or be required agrees to make further contributions contribute to the Partnership, except to the extent required by applicable Law.

Limited Liability of Limited Partners. Subject to the provisions of the Act and of similar legislation in other jurisdictions of Canada, the liability of each Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to the Limited Partner’s Capital Contributioncapital contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following the contribution of a Limited Partner’s Capital Contributioncapital contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the Partnership, except to the extent required by applicable Law.