Unlimited Liability of General Partner. If the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expenses, the liability of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimited.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement
Unlimited Liability of General Partner. If The General Partner shall have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expenses, the liability and other obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedPartnership.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Dollarama Group Holdings CORP), Limited Partnership Agreement (Dollarama CORP)
Unlimited Liability of General Partner. If the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expenses, the liability of the The General Partner (in its capacity as General Partner) in respect of such shall be responsible and liable for the debts, obligations and any other liabilities of the Partnership will be unlimitedin the manner and to the extent required by the Act and as set forth in this Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement
Unlimited Liability of General Partner. If The General Partner shall have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesdebts, liabilities and obligations of the liability of Limited Partnership; provided, however, that the General Partner (in its capacity as General Partner) in respect of such liabilities shall not be liable for the return of the Capital Contributions of the Limited Partners, and upon dissolution the Limited Partners shall have recourse solely to the Limited Partnership will be unlimitedProperty.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement
Unlimited Liability of General Partner. If the Partnership is unable to pay its The General Partner will have unlimited liability for all debts to any third person or incurs expenses which are not Authorised Expenses, the liability and other liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedLimited Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Ticketmaster Online Citysearch Inc), Limited Partnership Agreement (Ticketmaster Online Citysearch Inc)
Unlimited Liability of General Partner. If The General Partner will have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesdebts, the liability liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedPartnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement
Unlimited Liability of General Partner. If The General Partner shall have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesdebts, the liability liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedPartnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Vanguard Car Rental Group Inc.)
Unlimited Liability of General Partner. If the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expenses, the liability of the The General Partner (in its capacity as General Partner) in respect of such shall be liable for the debts, liabilities and obligations of the Partnership will be unlimitedto the extent required by the Partnership Act.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement
Unlimited Liability of General Partner. If the Partnership is unable Subject to pay its debts to any third person or incurs expenses which are not Authorised ExpensesSection 2.13, the liability of the General Partner (in its capacity as General Partner) in respect of such will have unlimited liability to third parties for the debts, liabilities and obligations of the Partnership will be unlimitedPartnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Kinder Morgan Canada LTD)
Unlimited Liability of General Partner. If The General Partner will have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesindebtedness, the liability liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedPartnership.
Appears in 1 contract
Samples: Limited Partnership Agreement
Unlimited Liability of General Partner. If The General Partner shall have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesdebts, the liability losses, liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedPartnership.
Appears in 1 contract
Samples: Limited Partnership Agreement
Unlimited Liability of General Partner. If The General Partner shall have unlimited liability for the Partnership is unable to pay its debts to any third person or incurs expenses which are not Authorised Expensesdebts, the liability liabilities and obligations of the General Partner (in its capacity as General Partner) in respect of such liabilities of the Partnership will be unlimitedLimited Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Synreal Services Corp)