Common use of Liability of the General Partner Clause in Contracts

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Highland Financial Partners, L.P.), Colonial Properties Trust, Carramerica Realty Corp

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Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner and its officers and directors shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Sabra Ohio, LLC), Agreement (CNL Income Mesa Del Sol, LLC), LNR Capital CORP

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 10 contracts

Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for -39- 45 losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 10 contracts

Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner and its officers and directors shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission omission, if the General Partner acted in good faith; provided, however, the foregoing shall not be deemed to exculpate the Company from any liability the Company may have under the Acquisition Agreement.

Appears in 7 contracts

Samples: Mission West Properties Inc, Mission West Properties Inc, Mission West Properties/New/

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, neither the General Partner nor the Gables Trust shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 5 contracts

Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Fourth (Gables Realty Limited Partnership)

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faithfaith and with due care and loyalty.

Appears in 4 contracts

Samples: Highwoods Properties Inc, Boddie Noell Properties Inc, Boddie Noell Properties Inc

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, to the greatest extent permitted by applicable law, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if by the General Partner acted (whether in good faithfaith or otherwise).

Appears in 3 contracts

Samples: Gotham Golf Corp, Gotham Golf Corp, Gotham Golf Corp

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for -39- losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 3 contracts

Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner and its officers and directors shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 3 contracts

Samples: Emergency Medical Services CORP, Emergency Medical Services CORP, STAT Healthcare, Inc.

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faithfaith and in a manner reasonably believed to be (i) within the scope of the authority granted by this Agreement and (ii) in the best interests of the Partnership.

Appears in 2 contracts

Samples: Registration Rights Agreement (Agree Realty Corp), Agree Realty Corp

Liability of the General Partner. A. (a) Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 2 contracts

Samples: Original Agreement (Felcor Lodging Trust Inc), Original Agreement (Felcor Lodging Trust Inc)

Liability of the General Partner. A. (a) Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred or benefits not derived as a result of errors in judgment or of any act or omission if the General Partner acted in good faithfaith and without gross negligence.

Appears in 1 contract

Samples: Limited Partnership Agreement (Walden Residential Properties Inc)

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Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner and its officers and directors shall not be liable for monetary damages to the Partnership, Partnership or any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 1 contract

Samples: Trinet Corporate Realty Trust Inc

Liability of the General Partner. A. (a) Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary or other damages to the Partnership, any of the Partners or any Assignees assignee of any interest of any Partner for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faithfaith and was not guilty of any active and deliberate dishonesty with respect thereto.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, to the fullest extent permitted by law, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tiptree Financial Partners, L.P.)

Liability of the General Partner. A. (a) Notwithstanding anything to the contrary set forth in this Agreement, neither the General Partner nor any of its officers or directors shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner or such officer or director acted in such cases in good faith.

Appears in 1 contract

Samples: Berkshire Income Realty Inc

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances and in a manner the General Partner reasonably believes to be in the best interest of the Partnership.

Appears in 1 contract

Samples: Mid-America Apartments, L.P.

Liability of the General Partner. A. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner and its officers, directors and shareholders shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faith.

Appears in 1 contract

Samples: And Restated Agreement (Loeb Realty Corp)

Liability of the General Partner. A. (a) Notwithstanding anything to the contrary set forth in this Agreement, the General Partner shall not be liable for monetary damages to the Partnership, any Partners or any Assignees for losses sustained or liabilities incurred as a result of errors in judgment or of any act or omission if the General Partner acted in good faithfaith and with due care and loyalty.

Appears in 1 contract

Samples: Irt Property Co

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