No Personal Liability for Return of Capital Clause Samples
The "No Personal Liability for Return of Capital" clause establishes that individuals, such as shareholders, directors, or partners, are not personally responsible for repaying any capital contributions to investors or members. In practice, this means that if the company or partnership is required to return capital, the obligation is limited to the entity itself and does not extend to the personal assets of its stakeholders. This clause is essential for protecting individuals from personal financial risk, ensuring that their liability is limited to their investment in the entity and not beyond.
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No Personal Liability for Return of Capital. The General Partner, subject to Paragraph 16 hereof, shall not be personally liable for the return or repayment of all or any portion of the capital or profits of any Partner (or assignee), it being expressly agreed that any such return of capital or profits made pursuant to this Agreement shall be made solely from the assets (which shall not include any right of contribution from the General Partner) of the Partnership.
No Personal Liability for Return of Capital. Subject to Section 13, neither the General Partner nor any “affiliate” (as defined in Section 13(c)) shall be personally liable for the return or repayment of all or any portion of the capital or profits of any Partner (or assignee), it being expressly agreed that any such return of capital or profits made pursuant to this Agreement shall be made solely from the assets (which shall not include any right of contribution from the General Partner) of the Partnership.
No Personal Liability for Return of Capital. The Managing Member shall not be personally liable for the return or repayment of all or any portion of Capital Contribution or profits of any Member, it being expressly agreed that any such return of Capital Contribution or profits made pursuant to this Agreement shall be made solely from the assets (which shall not include any right of contribution from the Managing Member) of the Company.
No Personal Liability for Return of Capital. Notwithstanding anything to the contrary contained herein, no Member shall be personally liable for the return of Capital Contributions or the return of any additions to the capital accounts of the other Members or the return of any portion of such Capital Contributions or capital account, it being expressly agreed that any return of Capital Contributions as may be made at any time, or from time to time, shall be made solely from the assets of the Company and only in accordance with the term hereof.
No Personal Liability for Return of Capital. 12 ARTICLE 13. INDEMNIFICATION.................................................12
No Personal Liability for Return of Capital. Except as provided otherwise in this Agreement, the General Partner shall not be personally liable for the return or repayment of all or any portion of the capital or profits of any Partner (or assignee), it being agreed by all Partners that any such return or repayment of capital or profits made pursuant to this Agreement shall be made solely from the assets of the Partnership (which shall include amounts contributed by Limited Partners and paid out in distributions, redemptions, or otherwise together with interest thereon, but shall not include any right of contribution from the General Partner except to the extent previously made by it pursuant to this Agreement).
No Personal Liability for Return of Capital. 23 Section 9.06