RETURN OF CONTRIBUTION NONRECOURSE 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 Capital Contributions. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions of one or more Partners, such Partner or Partners shall have no recourse against any other Partner,
Appears in 2 contracts
Samples: Partnership Agreement, Agreement of Limited Partnership (Adesa California, LLC)
RETURN OF CONTRIBUTION NONRECOURSE TO OTHER PARTNERS. Except as provided by lawlaw or as expressly provided in this Partnership Agreement, upon dissolution dissolution, each Partner shall look solely to the assets of the Partnership for the return of his or her Capital ContributionsContribution. If the Partnership property Property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions cash 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
RETURN OF CONTRIBUTION NONRECOURSE TO OTHER PARTNERS. Except as provided by lawlaw or as expressly provided in this Partnership Agreement, upon dissolution dissolution, each Partner shall look solely to the assets of the Partnership for the return of its Capital ContributionsContribution. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions cash 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: Limited Partnership Agreement (Raging River Capital LP)
RETURN OF CONTRIBUTION NONRECOURSE TO OTHER PARTNERS. Except as provided by lawlaw or as expressly provided in this Agreement, upon dissolution dissolution, each Partner shall look solely to the assets of the Partnership for the return of its Capital Contributions. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions of one or more Partners, such Partner or Partners shall have no recourse against any other Partner,.
Appears in 1 contract
Samples: Limited Partnership Agreement (2420 Lakemont Avenue MM, LLC)
RETURN OF CONTRIBUTION NONRECOURSE 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 for the return of its Capital ContributionsContribution. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions cash contribution of one or more Partners, such Partner or Partners shall have no recourse against any other Partner,.
Appears in 1 contract
Samples: Limited Partnership Agreement (Behringer Harvard Opportunity REIT I, Inc.)
RETURN OF CONTRIBUTION NONRECOURSE TO OTHER PARTNERS. Except as provided by lawlaw or as expressly provided in this Agreement, upon dissolution dissolution, each Partner shall look solely to the assets of the Partnership for the return of Capital Contributionsits capital contributions. If the Partnership property remaining after the payment or discharge of the debts and liabilities of the Partnership is insufficient to return the Capital Contributions capital contributions of one or more Partners, such Partner or Partners shall have no recourse against any other Partner,.
Appears in 1 contract
Samples: Limited Partnership Agreement (Metropolis Realty Holdings LLC)
