Common use of Scope of Responsibility Clause in Contracts

Scope of Responsibility. None of the General Partner, any director, officer, shareholder, agent or employee of the General Partner or any Affiliate of the General Partner shall be liable, responsible or accountable for damages or otherwise to the Partnership or any Limited Partner for any action taken or omitted on behalf of the Partnership within the scope of the authority conferred upon such Person by this Agreement or by law, unless such action was taken or omitted fraudulently or in bad faith or constituted willful misconduct or gross negligence.

Scope of Responsibility. None of the General PartnerPartner or any of its Affiliates, or, any director, officer, shareholder, agent or employee of the General Partner or any Affiliate of the General Partner thereof shall be liable, responsible or accountable for damages or otherwise to the Partnership or any Limited Partner for any action taken or omitted on behalf of the Partnership within the scope of the authority conferred upon such Person by this Agreement or by law, unless such action was taken or omitted fraudulently or in bad faith or constituted willful misconduct or gross negligence.