Common use of Limited Liability of Partners Clause in Contracts

Limited Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, each KKR Holder and each Oaktree Investor, by its acceptance of the benefits of this Agreement, covenants, agrees and acknowledges that notwithstanding that the KKR Holder and the Oaktree Investors are partnerships no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any officer, agent or employee of any KKR Holder or any Oaktree Investor, against any partner of any KKR Holder or Oaktree Investor or any director, officer, employee, partner, affiliate or assignee of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by an officer, agent or employee of any KKR Holder or any Oaktree Investor or any partner of any KKR Holder or any Oaktree Holder or any director, officer, employee, partner, affiliate or assignee of any of the foregoing, as such for any obligations of any KKR Holder or Oaktree Investor under this Agreement or any documents or instruments delivered in connection with this Agreement or for any claim based on, in respect of or by reason of such obligations or their creation.