Common use of Limited Liability of the Limited Partners Clause in Contracts

Limited Liability of the Limited Partners. Notwithstanding anything to the contrary contained herein, the liability of a Limited Partner for any of the debts, losses or obligations of the Partnership shall be limited to the Limited Partner's Capital Contributions. 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.

Limited Liability of the Limited Partners. Notwithstanding anything to the contrary contained herein, the liability of a Limited Partner for any of the debts, losses or obligations of the Partnership shall be by limited to the Limited Partner's Capital ContributionsContributions which have contributed to the Partnership. 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.