Common use of Liability of General Partners Clause in Contracts

Liability of General Partners. A. A General Partner shall only be liable to make the payment of the General Partner’s Capital Contribution required hereunder. No General Partner shall be liable for any obligations of the Partnership, any other General, Limited or Subordinated Limited Partner or the Managing Partner, unless personally guaranteed by the General Partner pursuant to a separate document.

Appears in 2 contracts

Samples: Jones Financial Companies LLLP, Jones Financial Companies LLLP

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Liability of General Partners. A. A Except as otherwise provided in this Agreement, a General Partner shall only be liable to make the payment of the General Partner’s Capital Contribution required hereunder. No Except as otherwise provided in this Agreement, no General Partner shall be liable for any obligations of the Partnership, any other General, Limited Partner or Subordinated Limited Partner Partner, or the Managing Partner, unless personally guaranteed by the General Partner pursuant to a separate document.

Appears in 2 contracts

Samples: Jones Financial Companies LLLP, Jones Financial Companies LLLP

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Liability of General Partners. A. A Except as otherwise provided in this Agreement, a General Partner shall only be liable to make the payment of the General Partner’s Capital Contribution required hereunder. No Except as otherwise provided in this Agreement, no General Partner shall be liable for any obligations of the Partnership, any other GeneralPartner, Limited or Subordinated Limited Partner or the Managing Partner, unless personally guaranteed by the General Partner pursuant to a separate document.

Appears in 1 contract

Samples: Jones Financial Companies LLLP

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