Limited Liability of the Limited Partners. Notwithstanding anything to the contrary contained in this Agreement and except as otherwise required by a nonwaivable provision of applicable law, the liability of a Limited Partner for any losses of the Fund in no event shall exceed, in the aggregate (without duplication): (i) the amount of its Unused Capital Commitment, and (ii) its share of the undistributed assets and profits of the Fund.
Limited Liability of the Limited Partners. Notwithstanding anything to the contrary contained herein, the liability of a Limited Partner for any of the debts, losses or obligations of the Partnership shall be limited to the Limited Partner's Capital Contributions. No Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses.
Limited Liability of the Limited Partners. No Limited Partner shall be liable for the debts, liabilities, contracts or any other obligations of the Partnership. Except as otherwise provided by Applicable Laws, no Limited Partner shall be liable to make additional Capital Contributions and shall not be required to lend any funds to the Partnership.
Limited Liability of the Limited Partners. Notwithstanding anything contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, or obligations of the Partnership shall be limited to the amount of the sum of such Limited Partner's capital contributions pursuant to Section 3.01 hereof. Accordingly, no Limited Partner shall be obligated to provide additional capital to the Partnership or its creditors by way of contribution, loan, or otherwise beyond the amount of the capital contributions required of such Limited Partner pursuant to Section 3.01 hereof. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses beyond the amount of such Limited Partner's capital contributions.
Limited Liability of the Limited Partners. (a) Subject to the provisions of applicable laws, the liability of each Limited Partner as regards the debts, commitments and obligations of the Partnership shall be limited to the amount of the Limited Partner’s Capital Contributions. If, as a result of a distribution of profits to the Partners, the capital of the Partnership is reduced and the Partnership is thereby unable to discharge its debts as they become due, the Limited Partners shall be required to reimburse the Partnership for such portion of any amount distributed to them that is needed to re-establish the capital of the Partnership to the amount existing immediately prior to the distribution, with interest from the date of demand, at the legal rate on the reimbursed amount.
(b) The Limited Partners agree that each Limited Partner shall indemnify and hold harmless the other for the liabilities and obligations of the Partnership in excess of such Partner’s proportionate share of such liabilities in accordance with is Proportionate Interest, to the amount of the indemnifying Limited Partner’s Capital Contributions.
Limited Liability of the Limited Partners. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement and except as otherwise required by law (including, without limitation, Section 15666 of the Act), the liability of a Limited Partner for any losses of the Partnership in no event shall exceed, in the aggregate, the amount of its Capital Contribution invested.
Limited Liability of the Limited Partners. Except as ----------------------------------------- otherwise provided in the Act and except as and to the extent expressly assumed by a Partner, a Limited Partner shall be bound by or personally liable for the liabilities or obligations of the Partnership beyond the amount of its Capital Contribution.
Limited Liability of the Limited Partners. Except as otherwise provided in the Act, the Limited Partners shall not be bound by or be personally liable for the expenses, debts, liabilities, contracts or any other obligations of the Partnership. Except as expressly provided in Article VI hereof, the Limited Partners shall not be obligated to make contributions to the capital of the Partnership, except as may be required by law.
Limited Liability of the Limited Partners. Except for contributions specifically required under Sections 3.1 and 3.2 of this Agreement, the Limited Partners shall have no obligation to contribute to the Partnership and no liability for any Partnership obligations. Any liability to return distributions from the Partnership shall be limited to mandatory requirements of the Act or of any other applicable law.
Limited Liability of the Limited Partners. (a) The debts, obligations, and liabilities of the Partnership, whether arising in contract, tort or otherwise, shall be solely the debts, obligations, and liabilities of the Partnership, and no Limited Partner shall be obligated personally for any such debt, obligation, or liability of the Partnership solely by reason of being a Limited Partner. The Partners and former Partners shall be liable for the repayment and discharge of all debts and obligations of the Partnership (all losses, liabilities, or expenses) attributable to any Fiscal Year (or relevant portion thereof) during which they are or were Partners only to the extent of their respective Interests in the Partnership in the Fiscal Year (or relevant portion thereof) to which any such debts and obligations are attributable. A Partner’s or former Partner’s share of all losses, liabilities or expenses shall not be greater than its respective Interest for such Fiscal Year (or relevant portion thereof).
(b) Notwithstanding any other provision in this Agreement, in no event shall any Partner (or former Partner) be obligated to make any additional contribution whatsoever to the Partnership, or have any liability for the repayment and discharge of the debts or obligations of the Partnership (apart from its Interest in the Partnership), except that a Partner (or former Partner) may be required, for the purposes of meeting such Partner’s obligations under this Section, to make additional contributions or payments, respectively, up to but in no event in excess of, the aggregate amount of returns of capital and other amounts actually received by it from the Partnership during or after the Fiscal Year to which any debt or obligation is attributable; provided that in no event shall the aggregate liability of any Partner to make additional contributions or payments for all Fiscal Years exceed the aggregate amount of returns of capital and other amounts received by such Partner from the Partnership.
(c) Any profits on investments made with funds of a Limited Partner that are not received by the Partnership until after such Limited Partner has withdrawn from the Partnership shall be allocated to the Capital Accounts of the Limited Partners invested in the Partnership at the time the profits are received and not to such former Limited Partner, subject to all fees, expenses and the Performance Allocation related thereto. Notwithstanding anything in the foregoing to the contrary, any profits received by the Partnersh...
