Limitation on Liability of Limited Partners. No Limited Partner shall be liable for any debts, liabilities, contracts or obligations of the Partnership. A Limited Partner shall be liable to the Partnership only to make payments of its Capital Contribution, if any, as and when due hereunder. After its Capital Contribution is fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Partnership.
Limitation on Liability of Limited Partners. The Limited Partners shall not be bound by, or personally liable for, obligations or liabilities of the Partnership to outside third parties beyond the amount of their Capital Contributions to the Partnership, and the Limited Partners shall not be required to contribute any capital to the Partnership for any obligations to third parties in excess of the Capital Contributions actually made under Sections 3.1 and 3.2 hereof.
Limitation on Liability of Limited Partners. Except as otherwise required by this Agreement, the Act or other applicable law, the liability of each Limited Partner, in its capacity as such, shall be limited to the aggregate amount of such Limited Partner’s Capital Commitment and Subsequent Closing Fee payment obligation. Each Limited Partner, to the fullest extent permitted by applicable law, shall not have any fiduciary or other duty to the Partnership or any other Partner express or implied, except not to act in bad faith.
Limitation on Liability of Limited Partners. The liability of each Limited Partner shall be limited to its Capital Contribution as and when it is payable under the provisions of this Venture Agreement. No Limited Partner as such shall have any other liability to contribute money to, or in respect of the liabilities or obligations of, the Partnership, nor shall any Limited Partner as such be personally liable for any obligations of the Partnership except as otherwise provided by law. No Limited Partner as such shall be obligated to make loans to the Partnership.
Limitation on Liability of Limited Partners. No Limited Partner shall be liable for any debts, liabilities, contracts or obligations of the Partnership. A Limited Partner shall be liable to the Partnership only to make payments of its Capital Contribution, if any, as and when due hereunder. After its Capital Contribution is fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Partnership. Notwithstanding the foregoing provisions of this Section 8.03, a Limited Partner shall be liable to the Partnership or to its lenders to the extent set forth in any guarantee of Partnership debt or in any agreement to contribute capital to the Partnership in connection with any Partnership debt, in each case only to the extent so agreed by such Limited Partner in such guarantee or contribution agreement and consented to by the General Partner.
Limitation on Liability of Limited Partners. 30 8.04 OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL PARTNER OR AFFILIATE...... 30 8.05
Limitation on Liability of Limited Partners. No Limited Partner shall be liable for any debts, liabilities, contracts or obligations of the Partnership. A Limited Partner shall be liable to the Partnership only to make payments of its Capital Contribution, if any, as and when due hereunder. After its Capital Contribution is fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Partnership. 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section. 8.5
Limitation on Liability of Limited Partners. Except as may otherwise be provided under applicable law, no Limited Partner shall be bound by, or personally liable for, the expenses, liabilities or obligations of the Partnership. AHF shall not have any obligation to make any Capital Contributions other than as required under Article 5 of this Agreement. No Limited Partner shall have any other liability to contribute money to, or in respect of the liabilities or obligations of, the Partnership, nor shall any Limited Partner be personally liable for any obligations of the Partnership, except as and to the extent provided in the Act.
Limitation on Liability of Limited Partners. The liability of each Partner, other than Cedar GP or any successor general partner of the Partnership, shall be limited to such Partner's Capital Contributions and Additional Capital Contributions, and no Partner, other than Cedar GP or any successor general partner of the Partnership, shall, subject to the provisions of the Act, have any personal liability in respect of any liabilities or obligations of the Partnership or the Partners, beyond the amount that it shall, in accordance with this Agreement, contribute (or be required to contribute) to the capital of the Partnership.
Limitation on Liability of Limited Partners. 39 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate 39 8.5 Redemption Right 39 8.6 Registration 41 8.7 Distribution Reinvestment Plan 41 Article 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 42 9.1 Purchase for Investment 42 9.2 Restrictions on Transfer of Limited Partnership Interests 42 9.3 Admission of Substitute Limited Partner 43 9.4 Rights of Assignees of Partnership Interests 44
