Unlimited Liability of General Partner Sample Clauses

Unlimited Liability of General Partner. The General Partner shall have unlimited liability for the debts and other obligations of the Partnership.
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Unlimited Liability of General Partner. The General Partner in its capacity as the general partner of the Partnership shall be responsible and liable for the debts, obligations and all other liabilities of the Partnership in the manner and to the extent required by the Partnership Act and as set forth in this Agreement.
Sample 1

Related to Unlimited Liability of General Partner

  • Limited Liability of Limited Partners (1) Each Unit of Limited Partnership Interest, when purchased by a Limited Partner, subject to the qualifications set forth below, shall be fully paid and non-assessable.

  • Limited Liability Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.

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