Examples of Managing Person in a sentence
Neither the Manager nor any other Managing Person shall be required or shall have any personal liability to fund any or all of any negative Capital Account of any Investor, including without limitation Investor Capital Contributions.
Nothing in this Section 3.3, however, shall limit or supersede any contractual or other defenses a Managing Person may have against the Fund or a Shareholder.
No Managing Person shall be liable to any person other than the Fund or a Shareholder for any obligation of the Fund.
No Managing Person shall have liability to the Fund or to any Shareholder for any loss suffered by the Fund that arises out of any action or inaction of the Managing Person if the Managing Person, in good faith, determined that such course of conduct was in the Fund's best interest and such course of conduct did not constitute bad faith, gross negligence or willful misconduct of such Managing Person.
In forming this Fund, all Investors recognize that the Fund's businesses are highly speculative and that neither the Fund nor the Manager nor any other Managing Person makes any guaranty or representation to any Investor as to the probability or amount of gain or loss from the conduct of Fund business.