Common use of No Obligation to Consider Interests of Limited Partners Clause in Contracts

No Obligation to Consider Interests of Limited Partners. The Limited Partners expressly acknowledge that the General Partner is acting on behalf of the Partnership and the General Partner's shareholders collectively, that the General Partner is under no obligation to consider the separate interests of the Limited Partners (including, without limitation, the tax consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions that the General Partner has undertaken in good faith on behalf of the Partnership, including the disposition of properties of the Partnership, and that the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, or benefits not derived by Limited Partners in connection with such decisions provided the General Partner does not violate the terms of any written agreement between the Partnership and one or more Limited Partners.

No Obligation to Consider Interests of Limited Partners. The Limited Partners expressly acknowledge that the General Partner is acting on behalf for the benefit of the Partnership Partnership, the partners of the General Partner (and, indirectly, the shareholders of CRT) and the General Limited Partners collectively, and that, subject to Section 7.3.C or in any Limited Partner's shareholders collectivelyPartner Schedule, that the General Partner is under no obligation to consider give the priority or consideration to the separate interests of the Limited Partners (including, without limitation, the tax consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions that the General Partner has undertaken in good faith on behalf of the Partnershipactions, including including, the disposition of properties Properties of the Partnership, and that the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, or benefits not derived by Limited Partners in connection with such decisions decisions, provided that the General Partner does not violate the terms of any written agreement between the Partnership and one or more Limited Partners.

No Obligation to Consider Interests of Limited Partners. The Limited Partners expressly acknowledge that the General Partner is acting on behalf of the Partnership and the General Partner's shareholders collectively, that the General Partner is under no obligation to consider the separate interests of the Limited Partners (including, without limitation, the tax 26 consequences to Limited Partners or Assignees) in deciding whether to cause the Partnership to take (or decline to take) any actions that the General Partner has undertaken in good faith on behalf of the Partnership, including the disposition of properties of the Partnership, and that the General Partner shall not be liable for monetary damages for losses sustained, liabilities incurred, or benefits not derived by Limited Partners in connection with such decisions provided the General Partner does not violate the terms of any written agreement between the Partnership and one or more Limited Partners.