Common use of Limited Liability of Limited Partners Clause in Contracts

Limited Liability of Limited Partners. Limited Partners shall not be bound by the obligations of the Partnership other than as provided under the Delaware Revised Uniform Limited Partnership Act. Limited Partners shall not be personally liable for any debts of the Partnership or any of the obligations or losses of the Partnership beyond the subscription amount designated on the Subscription Agreement executed by each respective Limited Partner unless:

Appears in 9 contracts

Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Certificate and Agreement (DGOC Series 18B LP), Certificate and Agreement (DGOC Series 18C LP)

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Limited Liability of Limited Partners. Limited Partners shall not be bound by the obligations of the Partnership other than as provided under the Delaware Revised Uniform Limited Partnership Act. Limited Partners shall not be personally liable for any debts of the Partnership or any of the obligations or losses of the Partnership beyond the amount of the subscription amount price designated on the Subscription Agreement executed by each respective Limited Partner unless:

Appears in 5 contracts

Samples: Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.), Certificate and Agreement (Atlas America Public #15-2005 Program), Certificate and Agreement (Atlas America Public #14-2005 (A) LP)

Limited Liability of Limited Partners. Limited Partners shall not be bound by the obligations of the Partnership other than as provided under the Delaware Revised Uniform Limited Partnership Act. Limited Partners shall not be personally liable for any debts of the Partnership or any of the obligations or losses of the Partnership beyond their Capital Contributions unless, in the subscription amount designated on case of the Subscription Agreement executed by each respective Limited Partner unless:General Partner, it purchases Common Units.

Appears in 2 contracts

Samples: Partnership Agreement (Atlas Growth Partners, L.P.), Atlas Growth Partners, L.P.

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Limited Liability of Limited Partners. Limited Partners shall not be bound by the obligations of the Partnership other than as provided under the Delaware Revised Uniform Limited Partnership Act. Limited Partners shall not be personally liable for any debts of the Partnership or any of the obligations or losses of the Partnership beyond their Capital Contributions unless, in the subscription amount designated on case of the Subscription Agreement executed by each respective Limited Partner unless:Managing General Partner, it purchases Common Units.

Appears in 1 contract

Samples: Partnership Agreement (Atlas Growth Partners, L.P.)

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