Common use of Limited Liability of Limited Partners Clause in Contracts

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to the Limited Partner’s Capital Contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Partnership Act, the liability of each Limited Partner for the debts, liabilities and obligations of the Partnership will be is limited to the Limited Partner’s Capital Contribution, amount of the capital contributed by him plus the Limited Partner’s his pro rata share of any the undistributed capital or income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each Limited Partner for the debts, liabilities liabilities, losses and obligations of the Partnership will be is limited to the Limited Partner’s amount of the Capital ContributionCommitments made by him or it, plus as the Limited Partner’s case may be, as stated in the Register, and its share of any undistributed income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the PartnershipPartnership as provided herein.

Limited Liability of Limited Partners. Subject to the provisions of the Partnership Act, the liability of each a Limited Partner for the debts, losses, liabilities and obligations of the Partnership will shall be limited to the Limited Partner’s amount of his Capital Contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following payment of Contribution and a Limited Partner’s initial Capital Contribution, the Limited Partner will shall not be liable for any further claims or claims, assessments or be required to make further contributions to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each a Limited Partner for the debtsindebtedness, liabilities and obligations of the Partnership will be limited to the Limited Partner’s Capital Contribution, plus Subscription Price required pursuant to the Limited Partner’s share of any undistributed income provisions hereof paid or contributed in respect of the Partnership. Following payment of LP Units held by such Partner and a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or claims, assessments or be required to make further contributions to the Partnership. The Partnership will operate in a manner as to ensure to the greatest extent possible the limited liability of the Limited Partners.

Limited Liability of Limited Partners. Subject to the provisions of the ActAct and any specific assumption of liability, the liability of each Limited Partner (except the General Partner if it is also a Limited Partner) for the debts, liabilities liabilities, losses and obligations of the Limited Partnership will be is limited to the Limited Partner’s Capital Contribution, plus amount of the capital contributed or agreed to be contributed to the Limited Partner’s Partnership by it, as the case may be, as stated in the declaration or any amending declaration or certificate filed pursuant to the Act relating to the Limited Partnership, and its share of any undistributed income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the PartnershipPartnership as hereinafter provided.

Limited Liability of Limited Partners. Subject to the provisions of the ActPartnership Act and this Agreement, the liability of each a Limited Partner for any of the debts, liabilities debts and obligations of the Partnership will or any of the losses thereof shall be limited to the Limited Partner’s amount contributed or agreed to be contributed by him as a Capital Contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following payment of Contribution and a Limited Partner’s initial Capital Contribution, the Limited Partner will shall not be liable for any further claims or claims, assessments or be required to make further contributions to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each a Limited Partner for the debts, liabilities and obligations of the Partnership will at any relevant time shall be limited to the such Limited Partner’s Capital Contribution, plus the Limited Partner’s share of any undistributed income of the Partnership. Following payment of Contribution and a Limited Partner’s initial Capital Contribution, the Limited Partner will shall not be liable for any further claims or claims, assessments or be required to make further contributions against or to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each Limited Partner for the debts, liabilities and obligations of the Partnership will at any relevant time shall be limited to the such Limited Partner’s Capital Contribution, plus the Limited Partner’s share of Account at that time and any undistributed income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the amount paid or required at such time to be paid by such Limited Partner will as additional capital contributions to the Partnership pursuant to the terms hereof and such Limited Partner shall not be liable for any further claims or claims, assessments or be required to make further contributions to the Partnership.

Limited Liability of Limited Partners. Subject to the provisions of the Act, the liability of each Limited Partner for the debts, liabilities liabilities, losses and obligations of the Partnership will be is limited to the Limited Partner’s amount of its Contributed Capital Contributioncontributed or agreed to be contributed to the Partnership by him or it, plus as the Limited Partner’s case may be, as stated in the Register, and its share of any undistributed income of the Partnership. Following payment of a Limited Partner’s initial Capital Contribution, the Limited Partner will not be liable for any further claims or assessments or be required to make further contributions to the PartnershipPartnership as provided herein.