Common use of No Guaranty Clause in Contracts

No Guaranty. The Limited Partner understands that the distribution tiers described above and as may be referred to or described elsewhere in this Agreement are solely for purposes of determining the order of distribution of Net Cash Receipts and are no guaranties by the Partnership or the General Partner that any specified capital contribution will be repaid or that any other such distributions will be made.

Appears in 23 contracts

Samples: Waterford Limited Partnership Agreement (National Credit & Guaranty CORP), Limited Partnership Agreement (National Credit & Guaranty CORP), Whispering Meadow Limited Partnership Agreement (National Credit & Guaranty CORP)

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No Guaranty. The Limited Partner understands understand that the distribution tiers described above and as may be referred to or described elsewhere in this Agreement are solely for purposes of determining the order of distribution of Net Cash Receipts and are no guaranties by the Partnership or the General Partner that any specified capital contribution will be repaid or that any other such distributions will be made.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)

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