Common use of Liability of the Directors Clause in Contracts

Liability of the Directors. No Director shall be: (i) personally liable for the debts, obligations or liabilities of the Fund, including any such debts, obligations or liabilities arising under a judgment, decree or order of a court; (ii) obligated to cure any deficit in any Capital Account; (iii) required to return all or any portion of any Capital Contribution; or (iv) required to lend any funds to the Fund.

Appears in 5 contracts

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund v Holdings LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund v (TE) LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund v (TE) Advisory LP)

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Liability of the Directors. No Director shall be: be (ia) personally liable for the debts, obligations or liabilities of the FundPartnership, including any such debts, obligations or liabilities arising under a judgment, judgment decree or order of a court; (iib) obligated to cure any deficit in any Capital Account; (iiic) required to return all or any portion of any Capital Contribution; or (ivd) required to lend any funds to the FundPartnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Kiewit Investment Fund L.P.)

Liability of the Directors. No Director shall be: (i) personally liable for the debts, obligations or liabilities of the Fund, including any such debts, obligations or liabilities arising under a judgment, decree or order of a court; (ii) obligated to cure any deficit in any Capital Account; (iii) required to return all or any portion of any Capital Contribution; or (iviii) required to lend any funds to the Fund.

Appears in 3 contracts

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Custody LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Advisory LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI LP)

Liability of the Directors. No Director shall be: (i) personally liable for the debts, obligations or liabilities of the Fund, including any such debts, obligations or liabilities arising under a judgment, decree or order of a court; (ii) obligated to cure any deficit in any Capital Account; (iii) required to return all or any portion of any Capital Contribution; or (iviii) required to lend any funds to the Fund. The liability of the Directors shall be limited to the maximum extent permitted by the Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VII LP)

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Liability of the Directors. No Director shall be: (i) personally liable for the debts, obligations or liabilities of the FundPartnership, including any such debts, obligations or liabilities arising under a judgment, judgment decree or order of a court; (ii) obligated to cure any deficit in any Capital Account; (iii) required to return all or any portion of any Capital Contribution; or (iv) required to lend any funds to the FundPartnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (RIC Coinvestment Fund LP)

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