Good Faith Actions. No Partner, nor any of its officers, directors, shareholders, officers, constituent partners, managers, members, trustees, representatives, agents or employees, shall be liable to the Partnership or to any of the other Partners for any action taken (or any failure to act) by it in good faith on behalf of the Partnership and reasonably believed by it to be authorized or within the scope of its authority hereunder, unless such action (or failure to act) constitutes fraud, gross negligence or willful misconduct.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Four Corners Property Trust, Inc.), Limited Partnership Agreement (CSL Capital, LLC), Limited Partnership Agreement (CSL Capital, LLC)
Good Faith Actions. No Partner, nor any of its officers, directors, shareholders, officers, constituent partners, managers, members, trustees, representatives, agents or employees, shall be liable to the Partnership or to any of the other Partners for any action taken (or any failure to act) by it in good faith on behalf of the Partnership and reasonably believed by it to be authorized or within the scope of its authority hereunder, unless such action (or failure to act) constitutes fraud, gross negligence or willful breach hereof or other willful misconduct.
Appears in 1 contract
Samples: Limited Partnership Agreement (Southwest General Hospital Lp)
