Rights and Obligations of the Limited Partner. Section 8.1 Limitation of Liability 16 Section 8.2 Management of Business 16 Section 8.3 Outside Activities 16 Section 8.4 Return of Capital 16 ARTICLE IX
Rights and Obligations of the Limited Partner. Section 8.1 Limitation of Liability The Limited Partner shall have no liability under this Agreement (including, without limitation, liability under Section 7.10) except as provided in Section 4.1.
Rights and Obligations of the Limited Partner. The Limited Partner shall have no liability under this Agreement.
Rights and Obligations of the Limited Partner. 8.01 Management of the Partnership. The limited Partner shall not take part in the management or control of the business of the Partnership or transact any business in the name of the Partnership. The Limited Partner shall not have the power or authority to bind the Partnership or to sign any agreement or document in the 60 66 name of the Partnership. The Limited Partner shall not have any power or authority with respect to the Partnership, except insofar as the Consent of the Limited Partner shall be expressly required by this Agreement. The exercise of any of the rights and powers of the Limited Partner pursuant to the terms of this Agreement shall not be deemed taking part in the day-to-day affairs of the Partnership or the exercise of control over Partnership affairs.
Rights and Obligations of the Limited Partner. No Limited Partner shall have any personal liability with respect to the liabilities or obligations of the Partnership, except to the extent that it assumes any of the debts of the Partnership; and no Limited Partner shall be personally liable or obligated, except as otherwise required by law, either (i) to pay to the Partnership or to any creditor of the Partnership or any other Partner any deficiency in its Capital Account, or (ii) to return to the Partnership or to pay any creditor or any other Partner the amount of any return to it of its Capital Contribution or other distribution made to it.
Rights and Obligations of the Limited Partner. 7.1 Limitations on the Limited Partner. Except as otherwise specifically provided herein, the Limited Partner shall not (a) be permitted to take part in the management or control of the Partnership business or the affairs of the Partnership, (b) have the authority or power in its capacity as Limited Partner to act as agent for or on behalf of the Partnership or any other Partner, (c) do any act which would be binding on the Partnership or any other Partner, or (d) incur any expenditures on behalf of or with respect to the Partnership.
Rights and Obligations of the Limited Partner. SECTION 7.1
Rights and Obligations of the Limited Partner. 75 6.1 Limitation on Liability of the Limited Partner 75 6.2 Indemnification of the Limited Partner 76
Rights and Obligations of the Limited Partner. 6.1 Limitation on Liability of the Limited Partner Notwithstanding any other provision of this Agreement, the liability of the Limited Partner shall be limited to its Capital Contributions at any given time as and when payable under the provisions of this Agreement. The Limited Partner shall not have any other liability to contribute money to, or in respect of the liabilities, obligations, debts or contracts of the Partnership, nor shall the Limited Partner be personally liable for any liabilities, obligations, debts or contracts of the Partnership. The Limited Partner shall not be obligated to make loans to the Partnership. No vote, Consent or other action of the Limited Partner shall ever be construed to make the Limited Partner liable as a general partner or cause the Limited Partner to be liable for Partnership obligations.
Rights and Obligations of the Limited Partner
