Common use of Liability of General Partner Clause in Contracts

Liability of General Partner. (i) Neither the General Partner nor its directors, officers, employees, agents, or representatives shall be liable to the Partnership or any Limited Partner for errors in judgment or for any acts or omissions that do not constitute gross negligence or willful or wanton misconduct.

Appears in 3 contracts

Samples: Agreement (Young Touchstone Co), Safeway Stores 42, Inc., Safeway Stores 42, Inc.

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Liability of General Partner. (ia) Neither the The General Partner nor its directors, officers, employees, agents, or representatives shall be liable to the Partnership and the Limited Partners for gross negligence or any willful or wanton misconduct, but neither the General Partner nor its members, managers, partners, shareholders, directors, officers, employees or agents shall be liable to the Partnership, the Limited Partner Partners or Persons who have acquired interests in the Units, whether as Limited Partners, or otherwise, for errors in judgment or for any acts or omissions that do not constitute gross negligence or willful or wanton misconduct.

Appears in 2 contracts

Samples: Central Precast Concrete, Inc,, Central Precast Concrete, Inc,

Liability of General Partner. (i) Neither the General Partner nor its directors, officers, employees, agents, or representatives shall be liable indemnified with respect to the Partnership their own fraud, negligence, misconduct or any Limited Partner for errors in judgment or for any acts or omissions that do not constitute gross negligence or willful or wanton misconductknowing violation of law.

Appears in 2 contracts

Samples: Agreement, gentrymillscapital.com

Liability of General Partner. (ia) Neither the General Partner nor its partners or stockholders, directors, officers, employees, agents, employees or representatives agents shall be liable to any of them or to Persons who have acquired interests in the Partnership LP Units, whether as Limited Partners, Assignees or any Limited Partner otherwise, for errors in judgment or for any acts or omissions that do not constitute gross negligence or willful or wanton misconduct.

Appears in 1 contract

Samples: Management Agreement (Centex Development Co Lp)

Liability of General Partner. (i) Neither None of the General Partner nor any of its directors, officers, employees, agents, or representatives Affiliates shall be liable liable, responsible or accountable in damages or otherwise to the Partnership or any Limited Partner for errors any action taken or failure to act on behalf of the Partnership within the scope of the authority conferred on the General Partner by this Agreement or by law unless such action or omission was performed or omitted fraudulently or in judgment bad faith or for any acts or omissions that do not constitute constituted gross negligence or willful or wanton misconduct.

Appears in 1 contract

Samples: Limited Partnership Agreement (Landmark Apartment Trust, Inc.)

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Liability of General Partner. (ia) Neither the General Partner nor its directors, officers, employees, agents, or representatives shall be liable to the Partnership or any Limited Partner for errors in judgment or for any acts or omissions that do not constitute negligence, gross negligence or negligence, fraud, willful or wanton misconductmisconduct or breach of this Agreement.

Appears in 1 contract

Samples: Agreement (Phymed Inc)

Liability of General Partner. (i) Neither the The General Partner nor Partner, its directorsmembers, managers, officers, employeesagents and employees shall not be liable, agentsresponsible or accountable, in damages or representatives shall be liable otherwise, to the Partnership or any to the Limited Partner for errors in judgment or Partners for any acts action taken or omissions that do not constitute failure to act on behalf of the Partnership within the scope of the authority conferred upon the General Partner by this Agreement or by law, unless such action or omission was performed or omitted fraudulently or constituted gross negligence or willful or wanton misconductnegligence.

Appears in 1 contract

Samples: Aviva Petroleum Inc /Tx/

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