Common use of Liability of the Partners Clause in Contracts

Liability of the Partners. Except as otherwise provided in this Agreement, the General Partner shall have the liabilities of a managing general partner in a Luxembourg special limited partnership. In no event will any Limited Partner be required to make any Capital Contribution to the Partnership in addition to its Unfunded Capital Commitment (or other payments provided for herein) or have any liability for the repayment or discharge of the debts and obligations of the Partnership except to the extent provided herein or in the AIFMD Disclosure Memorandum or as required by the Companies Law; provided, however, that a Limited Partner shall be required to return any distribution that was made to such Limited Partner in error or as otherwise required pursuant to the Companies Law.