Common use of Claims of the Partners Clause in Contracts

Claims of the Partners. All Partners and former Partners shall look solely to the Partnership’s assets for any return of their Capital Contributions and if the assets of the Partnership remaining after payment of or due provision for all debts, liabilities and obligations of the Partnership are insufficient to return such Capital Contributions, the Partners and former Partners shall have no recourse against the Partnership or any other Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Affiliated Managers Group Inc), Limited Partnership Agreement (Affiliated Managers Group Inc), Limited Partnership Agreement (Affiliated Managers Group Inc)

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Claims of the Partners. All The Partners and former Partners shall look solely to the Partnership’s assets for any the return of their Capital Contributions and Capital Accounts, and if the assets of the Partnership remaining after payment of or due provision for all debts, liabilities and obligations of the Partnership are insufficient to return such Capital ContributionsContributions or Capital Accounts, the Partners and former Partners shall have no recourse against the Partnership or any other Partner (including, without limitation, the General Partner).

Appears in 1 contract

Samples: Limited Partnership Agreement (Highbury Financial Inc)

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Claims of the Partners. All Partners and former Partners shall will look solely to the Partnership’s assets for any the return of their Capital Contributions Contributions, and if the assets of the Partnership remaining after payment of or due provision for all debts, liabilities and obligations of the Partnership are insufficient to return such Capital Contributions, the Partners and former Partners shall will have no recourse against the Partnership or any other Partner.

Appears in 1 contract

Samples: Partnership Agreement (GCM Grosvenor Inc.)

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