Common use of Limits on Claims Clause in Contracts

Limits on Claims. Pursuant to the Texas Securities Act, Art. 581-1 et seq. (the “Texas Securities Act”), the liability under the Texas Securities Act of a lawyer, accountant, consultant, the firm of any of the foregoing, and any other Person engaged to provide services relating to an offering of securities of the Company (such Persons, “Service Providers”) is limited to a maximum of three times the fee paid by the Company or seller of the Company’s securities to the Service Provider for the services related to the offering of the Company’s securities, unless the trier of fact finds that such Service Provider engaged in intentional wrongdoing in providing the services. By signing below, each Member hereby acknowledges the disclosure provided in this paragraph.

Limits on Claims. Pursuant to the Texas Securities Act, Art. 581-1 et seq. (the “"Texas Securities Act”"), the liability under the Texas Securities Act of a lawyer, accountant, consultant, the firm of any of the foregoing, and any other Person person engaged to provide services relating to an offering of securities of the Company Partnership (such Persons, “"Service Providers”") is limited to a maximum of three times the fee paid by the Company Partnership or seller of the Company’s Partnership's securities to the Service Provider for the services related to the offering of the Company’s Partnership's securities, unless the trier of fact finds that such Service Provider engaged in intentional wrongdoing in providing the services. By signing below, each Member hereby Limited Partner xxxxxx acknowledges the disclosure provided in this paragraph.