Common use of Noncontributing Partners Clause in Contracts

Noncontributing Partners. (a) The Partnership shall be entitled to enforce the obligations of each Limited Partner to make the contributions to capital (including any obligations to return distributions) set forth in this Agreement, and the Partnership shall have all remedies available at law or in equity in the event any such contribution is not so made. If any legal proceedings relating to the failure of a Limited Partner to make such a contribution are commenced, such Limited Partner shall pay all costs and expenses incurred by the Partnership, including reasonable attorneys’ fees, in connection with such proceedings.

Appears in 2 contracts

Samples: Transaction Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (OVERSTOCK.COM, Inc)

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Noncontributing Partners. (a) The Partnership shall be entitled to enforce the obligations of each Limited Partner to make the contributions to capital (including any obligations to return distributions) set forth in this AgreementSection 4.2, and the Partnership shall have all remedies available at law or in equity in the event any such contribution is not so made. If any legal proceedings relating to the failure of a Limited Partner to make such a contribution are commenced, such Limited Partner shall pay all costs and expenses incurred by the Partnership, including reasonable attorneys’ feesfees and expenses, in connection with such proceedings.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Noncontributing Partners. (a) The Partnership shall be entitled to enforce the obligations of each Limited Partner to make the contributions to capital (including any obligations to return distributions) set forth in paragraph 4.2 or this Agreementparagraph 4.4, and the Partnership shall have all remedies available at law or in equity in the event if any such contribution is not so made. If any legal proceedings relating to the failure of a Limited Partner to make such a contribution are commenced, such Such Limited Partner shall pay all costs and expenses incurred by the Partnership, including reasonable attorneys’ fees, Partnership in connection with such proceedingsLimited Partner’s failure to make a capital contribution, including, without limitation, attorneys’ fees and all fees and expenses incurred in connection with any legal proceeding relating to the failure of such Limited Partner to make such a contribution.

Appears in 1 contract

Samples: Limited Partnership Agreement (J2 Global, Inc.)

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