Common use of Release by Partnership Clause in Contracts

Release by Partnership. On the removal or voluntary withdrawal of the Partnership GP, the Partnership will release and hold harmless the Partnership GP being removed or voluntarily withdrawing from any costs, expenses, damages or liabilities suffered or incurred by the Partnership GP as a result of or arising out of events which occur in relation to the Partnership after such removal or voluntary withdrawal.

Release by Partnership. ‌ On the removal or voluntary withdrawal of the Partnership GP, the Partnership will release and hold harmless the Partnership GP being removed or voluntarily withdrawing from any costs, expenses, damages or liabilities suffered or incurred by the Partnership GP as a result of or arising out of events which occur in relation to the Partnership after such removal or voluntary withdrawal.