Return of Contribution Non-recourse to Other Partners. Except as provided by law, upon dissolution, each Partner shall look solely to the assets of the Partnership for the return of the Partner’s Capital Contribution. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the cash or other property contribution of one or more Partners, such Partner or Partners shall have no recourse against any other Partner.
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Samples: Agreement of Limited Partnership (NRG Retail LLC), NRG Retail LLC
Return of Contribution Non-recourse to Other Partners. Except as provided by law, upon dissolution, each Partner shall look solely to the assets of the Partnership for the return of the Partner’s 's Capital Contribution. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the cash or other 11 property contribution of one or more Partners, such Partner or Partners shall have no recourse against any other Partner.
Appears in 1 contract
Samples: Reliant Energy Inc
Return of Contribution Non-recourse to Other Partners. Except as provided by lawlaw or as expressly provided in this Agreement, upon dissolution, each Partner shall look solely to the assets of the Partnership Partnership's Assets for the return of the Partner’s its Capital Contribution. If the Partnership property Partnership's Assets remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the cash or other property contribution Capital Contribution of one or more Partners, such Partner or Partners shall have no recourse against any other Partner, except as otherwise provided by law.
Appears in 1 contract
Samples: Partnership Agreement of Quality (Red Oak Hereford Farms Inc)