Common use of No Further Claim Clause in Contracts

No Further Claim. Without limitation of the provisions of Sections 12.1 and 12.2, upon winding-up, each Limited Partner shall look solely to the assets of the Partnership for the return of its capital, and if the Partnership’s property remaining after payment or discharge of the debts and liabilities of the Partnership, including debts and liabilities owed to one or more of the Limited Partners, is insufficient to return the aggregate Capital Contributions of each Limited Partner, such Limited Partners shall have no recourse against the Partnership, any Limited Partner or the General Partner.

Appears in 3 contracts

Samples: Taylor Morrison Home Corp, Taylor Morrison Home Corp, sec.report

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No Further Claim. Without limitation of the provisions of Sections 12.1 Section 16.1 and 12.216.2, upon winding-updissolution, each Limited Partner shall look solely to the assets of the Partnership for the return of its capital, and if the Partnership’s property remaining after payment or discharge of the debts and liabilities of the Partnership, including debts and liabilities owed to one or more of the Limited Partners, is insufficient to return the aggregate Capital Contributions capital contributions of each Limited Partner, such Limited Partners shall have no recourse against the Partnership, any Limited Partner or the General Partner.

Appears in 3 contracts

Samples: Amended and Restated Agreement (Norcraft Capital Corp.), And Restated Agreement (Norcraft Companies Lp), Third Amended and Restated Agreement (Norcraft Companies Lp)

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No Further Claim. Without limitation of the provisions of Sections 12.1 Section 8.1 and 12.28.2, upon winding-updissolution, each Limited Partner shall look solely to the assets of the Partnership for the return of its capital, and if the Partnership’s 's property remaining after payment or discharge of the debts and liabilities of the Partnership, including debts and liabilities owed to one or more of the Limited Partners, is insufficient to return the aggregate Capital Contributions capital contributions of each Limited Partner, such Limited Partners shall have no recourse against the Partnership, any Limited Partner or the General Partner.

Appears in 1 contract

Samples: Agreement (Norcraft Companies Lp)

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