Common use of Liability of Limiteds Clause in Contracts

Liability of Limiteds. A Limited shall only be liable to make the payment of his Capital Contribution. Except as provided in the Missouri Limited Partnership Act, no Limited shall be liable for any obligations of the Partnership. After his Capital Contributions shall be paid to the Partnership, no Limited shall be required to make any further Capital Contribution or lend any funds to the Partnership, except as otherwise expressly provided in this Agreement.

Appears in 9 contracts

Samples: Article Five (Jones Financial Cos Lp), Jones Financial Companies Lp LLP, Jones Financial Companies Lp LLP

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.