Common use of No Payments of Individual Obligations Clause in Contracts

No Payments of Individual Obligations. The Partners shall use the Partnership’s credit and assets solely for the benefit of the Partnership. No asset of the Partnership shall be transferred or encumbered for or in payment of any individual obligation of a Partner.

Appears in 1 contract

Samples: Agreement (Medical Properties Trust, LLC)

AutoNDA by SimpleDocs

No Payments of Individual Obligations. The Partners shall use the Partnership’s credit and assets solely for the benefit of the Partnership. No asset of the Partnership shall be transferred or encumbered for or in payment of any individual obligation of a Partner, except as provided herein (including, without limitation, as provided in Sections 1.9 and 2.9).

Appears in 1 contract

Samples: HEALTHSOUTH of Toms River, Inc.

No Payments of Individual Obligations. The Partners shall use the Partnership’s credit and assets solely for the benefit of the Partnership. No asset of the Partnership shall be transferred or encumbered for or in payment of any individual obligation of a Partner, except as provided herein (including, without limitation, as provided in Section 2.9).

Appears in 1 contract

Samples: HEALTHSOUTH of Toms River, Inc.

AutoNDA by SimpleDocs

No Payments of Individual Obligations. The Partners shall use the Partnership’s credit and assets solely for the benefit of the Partnership. No asset of the Partnership shall be transferred or encumbered for or in payment of any individual obligation of a any Partner.

Appears in 1 contract

Samples: Agreement (Armstrong Resource Partners, L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.