Common use of Limited Liability of Limited Partners Clause in Contracts

Limited Liability of Limited Partners. Notwithstanding anything contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, or obligations of the Partnership shall be limited to the amount of such Limited Partner's capital contributions pursuant to Section 3.01 hereof. Accordingly, no Limited Partner shall be obligated to provide additional capital to the Partnership or its creditors by way of contribution, loan, or otherwise beyond the amount of the capital contributions required of such Limited Partner pursuant to Section 3.01 hereof. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses beyond the amount of the Limited Partner's capital contributions.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Builders FirstSource of Nashville, Inc.), Limited Partnership Agreement (Eap Energy Services Lp), Limited Partnership Agreement (Eap Energy Services Lp)

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Limited Liability of Limited Partners. Notwithstanding anything contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, or obligations of the Partnership shall be limited to the amount of the sum of such Limited Partner's capital contributions pursuant to Section 3.01 hereof. Accordingly, no Limited Partner shall be obligated to provide additional capital to the Partnership or its creditors by way of contribution, loan, or otherwise beyond the amount of the capital contributions required of such Limited Partner pursuant to Section 3.01 hereof. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses beyond the amount of the Limited Partner's capital contributions.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Keystone Inc Et Al), Limited Partnership Agreement (Keystone Inc Et Al), Limited Partnership Agreement (Keystone Inc Et Al)

Limited Liability of Limited Partners. Notwithstanding Except for recontributions required in accordance with Section 3.7(e), but otherwise notwithstanding anything contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, or obligations of the Partnership Fund shall be limited to the amount of the sum of such Limited Partner's capital contributions Capital Contributions pursuant to Section 3.01 hereof3.3. Accordingly, no Limited Partner shall be obligated to provide additional capital to the Partnership Fund or its creditors by way of contribution, loan, loan or otherwise beyond the amount of the capital contributions Capital Contributions required of such Limited Partner pursuant to Section 3.01 hereof3.3. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership Fund or any third party, for the debts of the Partnership Fund or any of its losses beyond the amount of the Limited Partner's capital contributionsCapital Contributions.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

Limited Liability of Limited Partners. Notwithstanding anything contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, losses or obligations of the Partnership shall be limited to the amount of such Limited Partner's capital contributions pursuant to Section 3.01 hereof. Accordingly, no Limited Partner shall be obligated to provide additional capital to the Partnership or its creditors by way of contribution, loan, loan or otherwise beyond the amount of the capital contributions required of such Limited Partner pursuant to Section 3.01 hereof. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses beyond the amount of the Limited Partner's capital contributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Best Disposal Service Inc)

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Limited Liability of Limited Partners. Notwithstanding anything Except as provided in Section 4.10 but notwithstanding any other provision contained in this Agreement to the contrary, the liability of each Limited Partner for any of the debts, losses, or obligations of the Partnership shall be limited to the amount of the sum of such Limited Partner's capital contributions pursuant to Section 3.01 hereof. Accordingly, except as provided in Section 4.10, no Limited Partner shall be obligated to provide additional capital to the Partnership or its creditors by way of contribution, loan, or otherwise beyond the amount of the capital contributions required of such Limited Partner pursuant to Section 3.01 hereof. Except as provided in the Act, no Limited Partner shall have any personal liability whatsoever, whether to the Partnership or any third party, for the debts of the Partnership or any of its losses beyond the amount of the Limited Partner's capital contributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Culmen Technology Partners Lp)

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