No General Partner’s Liability Sample Clauses

No General Partner’s Liability. The Administrative Agent and the Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, that no claim under this Agreement, under the Guaranty executed on behalf of the MLP, or under any other Loan Document shall be made against the General Partner, and that no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, hereunder, on such Guaranty, or on any other Loan Document shall be obtained or enforced, against the General Partner or its assets for the purpose of obtaining satisfaction and payment of amounts owed under this Agreement, such Guaranty or any other Loan Document. Nothing in this Section 10.18, however, shall be construed so as to prevent the Administrative Agent, any Lender or any other holder of any Note from commencing any action, suit or proceeding with respect to or causing legal papers to be served upon the General Partner for the sole purpose of obtaining jurisdiction over the MLP.
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No General Partner’s Liability. It is hereby understood and agreed that the General Partner shall have no personal liability, as general partner or otherwise, for the payment of any amount owing or to be owing hereunder or under the other Loan Documents. The Administrative Agent and the Lenders agree for themselves and their respective successors and assigns that no claim arising against any Borrower under any Loan Document with respect to the Obligations shall be asserted against the General Partner (in its individual capacity).
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No General Partner’s Liability. The Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, no claim arising against Borrower or any Restricted Person under any Loan Document shall be asserted against the General Partner and no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this Agreement, such Note or any of the other Loan Documents shall be obtained or enforced against the General Partner or its assets for the purpose of obtaining satisfaction and payment of such Note, the Indebtedness evidenced thereby or any claims arising thereunder or under this Agreement or any other Loan Document, any right to proceed against the General Partner individually or its respective assets being hereby expressly waived, renounced and remitted by the Lenders for themselves and their respective successors and assigns. Nothing in this Section 10.12, however, shall be construed so as to prevent the Administrative Agent, any Lender or any other holder of any Note from commencing any action, suit or proceeding with respect to or causing legal papers to be served upon the General Partner for the purpose of (i) obtaining jurisdiction over Pacific Energy Partners or any Related Person or (ii) obtaining judgment, order or execution against General Partner arising out of any fraud or intentional misrepresentation by General Partner in connection with the Loan Documents or of recovery of moneys received by General Partner in violation of the terms of this Agreement.
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No General Partner’s Liability. The Administrative Agent and the Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, that no claim under this Agreement or under any other Loan Document shall be made against General Partner, and that no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, hereunder or on any other Loan Document shall be obtained or enforced, against General Partner or its assets for the purpose of obtaining satisfaction and payment of amounts owed under this Agreement or any other Loan Document.
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No General Partner’s Liability. The Lenders agree that no claim arising against either the Borrower, UCLP or any Guarantor under this Agreement shall be asserted against the General Partner (in its individual capacity) and no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this Agreement or any of the other Loan Documents shall be obtained or enforced against the General Partner (in its individual capacity) or its assets for the purpose of obtaining satisfaction and payment of the Indebtedness or any claims arising under this Agreement or any other Loan Document, any right to proceed against the General Partner individually or its respective assets being hereby expressly waived by the Lenders. Nothing in this Section 7.14, however, shall be construed so as to prevent the Administrative Agent or any Lender from commencing any action, suit or proceeding with respect to or causing legal papers to be served upon the General Partner for the purpose of (i) obtaining jurisdiction over the Borrower, UCLP or any other Guarantor or (ii) obtaining judgment, order or execution against the General Partner arising out of any fraud or intentional misrepresentation by the General Partner in connection with the Loan Documents or of recovery of moneys received by the General Partner in violation of the terms of this Agreement.
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No General Partner’s Liability. The Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, that any claim against Borrower which may arise under any Loan Document shall be made only against and shall be limited to the assets of Borrower, except to the extent Intermediate Partnership may have obligations with respect to such claim pursuant to the terms of its Guaranty, and that no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this Agreement, such Note or any of the other Loan Documents shall be obtained or enforced against any General Partner or its assets for the purpose of obtaining satisfaction and payment of such Note, the Debt evidenced thereby or any claims arising thereunder or under this Agreement or any other Loan Document, any right to proceed against the General Partners individually or their respective assets being hereby expressly waived, renounced and remitted by the Lenders for themselves and their respective successor and assigns. Nothing in this SECTION 14.16, however, shall be construed so as to prevent the Administrative Agent, any Lender or any other holder of any Note from NBPLP CREDIT AGREEMENT commencing any action, suit or proceeding with respect to or causing legal papers to be served upon any General Partner for the purpose of obtaining jurisdiction over Borrower. [REMAINDER OF PAGE INTENTIONALLY BLANK. SIGNATURE PAGES FOLLOW.] NBPLP CREDIT AGREEMENT 49 NORTHERN BORDER PARTNERS, L.P. By: /s/ JERRY L. PETERS ------------------------------------------------- Name: Jerry L. Peters -------------------------------------------- Title: Chief Financial and Accounting Officer ------------------------------------------- Address for Notices: Northern Border Partners, L.P. 1400 Smith Street Houston, TX 77002 Xxxx: Angus Hardie Davis NBP Servxxxx Xxxxxxxxxxx Telephone: 713/853-6941 Telecopy: 713/646-4970 with a copy to: Mr. Jerry L. Peters Chief Financial xxx Xxxxxxxxxx Xxxxcer Northern Border Partners, L.P. 1111 South 103rd Street Omaha, NE 60000-0000 Xxxxxxxxx: 000/000-0000 Telecopy: 402/398-7803 and with a copy to: Ms. Janet Place Vice President, Legal Northern Plains Natural Gas Company 1111 South 103rd Street Omaha, NE 60000-0000 Xxxxxxxxx: 000/000-0000 Telecopy: 402/398-7780 [THIS IS A SIGNATURE PAGE TO THE CREDIT AGREEMENT] BANK OF AMERICA, N.A., as Administrative Agent and as a Lender By: /s/ DENISE A. SMITH -----------------------------------------...
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No General Partner’s Liability. The Administrative Agent and the Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, that no claim under this Agreement or under any other Loan Document shall be made against the Ultimate General Partner.” (r) The first sentence of Section 4.05 of the Security Agreement is amended to read in its entirety as follows: “
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No General Partner’s Liability. 48 NBPLP CREDIT AGREEMENT
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No General Partner’s Liability. Notwithstanding any other provision contained in the Note Purchase Documents to the contrary, the Purchasers agree for themselves and any subsequent holder of any Note by acceptance of a Note registered in its name (or the name of its nominee) shall be deemed to have agreed, that any claim against the Company which may arise under this Agreement, any Note or any other Note Purchase Document shall be made only against and shall be limited to the assets of the Company and the Guarantor, and that no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this Agreement, such Note or any of the other Note Purchase Documents shall be obtained or enforced against the General Partner or its assets for the purpose of obtaining satisfaction and payment of such Note, the Indebtedness evidenced thereby or any claims arising thereunder or under this Agreement or any other Note Purchase Document, any right to proceed against the General Partner individually or its respective assets being hereby expressly waived, renounced and remitted by the holders of the
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No General Partner’s Liability. By their acceptance of this Guaranty, the Administrative Agent and the Lenders agree for themselves and their respective successors and assigns, including any subsequent holder of any Note, that any claim against Guarantor which may arise under this Guaranty shall be made only against and shall be limited to the assets of Guarantor, and that no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this Guaranty shall be obtained or enforced against any general partner of Guarantor (individually, a "GENERAL PARTNER", and collectively, "GENERAL PARTNERS") or its or their assets for the purpose of obtaining satisfaction and payment of this Guaranty, the Guaranteed Debt or any claims arising hereunder, any right to proceed against the General Partners individually or their respective assets being hereby expressly waived, renounced and remitted by the Lenders for themselves and their respective successor and assigns. Nothing in this SECTION
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