Common use of Partner Liability Clause in Contracts

Partner Liability. None of the limited partners (or any of their respective heirs, representatives, successors or assigns) of Holdings will have any personal liability for the payment of the Loans or any other obligations secured pursuant to the Security Documents or for the performance of any obligations of the Borrowers or any Subsidiaries under this Agreement, whether arising by law or contract.

Appears in 2 contracts

Sources: Credit Agreement (Transwestern Holdings Lp), Credit Agreement (TWP Capital Corp Ii)