Common use of Termination of Right of Action Clause in Contracts

Termination of Right of Action. Every right of action arising out of or in connection with this Agreement by or on behalf of any past, present or future Partner or the Partnership against any past, present or future Partner shall, to the fullest extent permitted by applicable law, irrespective of the place where the action may be brought and irrespective of the residence of any such Partner, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 28 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management, Inc.), Exempted Limited Partnership Agreement (Apollo Global Management, Inc.), Limited Partnership Agreement (Apollo Global Management, Inc.)

AutoNDA by SimpleDocs

Termination of Right of Action. Every right of action arising out of or in connection with this Agreement by or on behalf of any past, present or future Limited Partner or of the Partnership against any past, present or future Limited Partner shall, to the fullest extent permitted by applicable law, irrespective of the place where the action may be brought and irrespective of the residence of any such Limited Partner, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Amended and Restated Agreement of Exempted Limited Partnership (Ares Management Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!