Common use of No Obligation to Consider Separate Interests of Limited Partners Clause in Contracts

No Obligation to Consider Separate Interests of Limited Partners. The Limited Partners expressly acknowledge that (i) the General Partner is acting on behalf of the Partnership and the stockholders of the General Partner, collectively, (ii) the General Partner is under no obligation to consider the separate interest of the Limited Partners (including, without limitation, the tax consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions, and (iii) the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, or benefits not derived by Limited Partners in connection with such decisions, unless the General Partner, as the case may be, acted in bad faith and the act or omission was material to the matter giving rise to the loss, liability or benefit not derived.

No Obligation to Consider Separate Interests of Limited Partners. The Limited Partners expressly acknowledge that (i) the General Partner is acting on behalf of the Partnership Partnership, other partnerships in which the General Partner serves as general partner and the stockholders of the General Partner, 's shareholders collectively, (ii) that the General Partner is under no obligation to consider the separate interest interests of the Limited Partners (including, without limitation, the tax consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions, and (iii) that the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, or benefits not derived by Limited Partners in connection with such decisions, unless the General Partner, as the case may be, acted in bad faith and the act or omission was material to the matter giving rise to the loss, liability or benefit not derived.

No Obligation to Consider Separate Interests of Limited Partners. or Shareholders. The Limited Partners expressly acknowledge that (i) the General --------------- Partner is acting on behalf of the Partnership and the stockholders of the General Partner, 's shareholders collectively, (ii) that the General Partner is under no obligation to consider the separate interest interests of the Limited Partners (including, without limitation, the tax consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions, and (iii) that the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, incurred or benefits not derived by Limited Partners in connection with such decisions, unless provided that the General Partner, as the case may be, Partner has acted in bad good faith and the act or omission was material pursuant to the matter giving rise to the loss, liability or benefit not derivedits authority under this Agreement.