LIABILITIES AND INDEMNIFICATION. 10.1 The General Partner shall be liable for the debts and obligations of the Partnership. The Limited Partner shall not be liable for the debts and obligations of the Partnership or for any Partnership liabilities or losses beyond the amount of its capital contributions required under Article V of this Agreement.
Appears in 11 contracts
Samples: Limited Partnership Agreement (Kimball Hill, Inc.), Limited Partnership Agreement (Kimball Hill, Inc.), Limited Partnership Agreement (Kimball Hill, Inc.)
LIABILITIES AND INDEMNIFICATION. 10.1 The General Partner shall be jointly and severally liable for the debts and obligations of the Partnership. The Limited Partner Partners shall not be liable for the debts and obligations of the Partnership or for any Partnership liabilities or losses beyond the amount of its the Limited Partner’s total capital contributions required under Article V of this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)
LIABILITIES AND INDEMNIFICATION. 10.1 The General Partner shall be liable for the debts and obligations of the Partnership. The Limited Partner shall not be liable for the debts and obligations of the Partnership or for any Partnership liabilities or of losses beyond the amount of its capital contributions required under Article V of this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)
