Liability of Limited Partner. The Limited Partner shall not have any liability for the obligations or liabilities of the Partnership except to the extent required by the Act.
Liability of Limited Partner. The Limited Partner shall not be liable for the debts, liabilities, contracts or other obligations of the Partnership except to the extent of any unpaid Capital Contributions agreed to be made by the Limited Partner as set forth in Section 3.2 (which shall be subject to reduction as provided for in Section 3.4), any additional Capital Contributions hereafter agreed to be made by the Limited Partner in accordance with Section 3.3 (which shall also be subject to reduction as provided for in Section 3.4) and the Limited Partner’s share of the assets (including undistributed revenues) of the Partnership; and in all events, the Limited Partner shall be liable and obligated to make payments of its Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the Limited Partner shall not be required to make any loans to the Partnership. The Partnership shall indemnify and hold harmless the Limited Partner in the event it (a) becomes liable for any debt, liability, contract or other obligation of the Partnership except to the extent expressly provided in the preceding sentence or (b) is directly or indirectly required to make any payments with respect thereto.
Liability of Limited Partner. No Limited Partner shall be obligated to provide any contributions to the Partnership other than the Original Capital Contribution (as defined in Section 9.02 below) of such Limited Partner. No Limited Partner shall be obligated to make any loan to the Partnership.
Liability of Limited Partner. The Limited Partner shall not be liable for any debts, liabilities, contracts, or obligations of the Partnership, except as provided by law. The Limited Partner shall be liable only to make payments of its capital contributions as and when due under this Agreement.
Liability of Limited Partner. The Limited Partners shall have no liability under this Agreement except as provided in Article IV.
Liability of Limited Partner. The Limited Partner shall not be bound by, or be personally liable for the expenses, liabilities or obligations of the Partnership beyond the amount agreed to be contributed by it to the capital of the Partnership pursuant to this Agreement, and except as provided in Section 6.07, the Limited Partner shall not be responsible for any of the losses of any other Partner.
Liability of Limited Partner. Anything contained herein to the contrary notwithstanding, any claim based on or in respect of any liability of the Limited Partner shall be enforced only against the interest of the Limited Partner in the Partnership and not against any assets, properties or funds of the Limited Partner or (a) any director, officer, general partner, limited partner, employee or agent of any of the Limited Partners (or any legal representative, heir, estate, successor or assign of any thereof), (b) any predecessor or successor partnership or corporation (or other entity) the Limited Partner, either directly or through the Limited Partner, or (c) any other person or entity.
Liability of Limited Partner. (s). A limited partner is not liable for the obligations of this limited partnership.
Liability of Limited Partner. Except as otherwise provided by the Act, the Limited Partner shall not be obligated personally for any debt, obligation or liability of the Partnership solely by reason of being a Limited Partner of the Partnership. The Partnership shall indemnify the Limited Partner and hold it harmless from and against any and all debts, obligations and liabilities of the Partnership, if any, to which the Limited Partner becomes subject by reason of being a Limited Partner, whether arising in contract, tort or otherwise; provided, however, that the indemnification obligation of the Partnership under this Section 5.2 shall be paid only from the assets of the Partnership and the Partners shall have no personal obligation, or any obligation to make any payment of Contributed Capital with respect thereto.
Liability of Limited Partner. The liability of the Limited Partners is restricted and limited to the amount of the actual capital contributions that each Limited Partner makes or 766 agrees to make to the Partnership. 768 - - - - - End of Article 10 - - - - -
