Common use of Separate Series Clause in Contracts

Separate Series. The General Partner may establish any number of designated series of Units (each a “Series”) having separate rights, powers or duties with respect to specified property or obligations of the Partnership or profits and losses associated with specified property or obligations, and any such Series may have a separate business purpose or investment objective. The Partnership shall maintain separate and distinct records for any such Series and the assets associated with such Series shall be held directly or indirectly, including through a nominee or otherwise) and accounted for separately from the assets of any other Series. The debts, liabilities and obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Partnership generally or any other Series, and none of the debts liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Partnership generally or any other Series shall be enforceable against the assets of such Series.

Separate Series. The General Partner may establish any number of designated series of Units (each a “?Series”?) having separate rights, powers or duties with respect to specified property or obligations of the Partnership or profits and losses associated with specified property or obligations, and any such Series may have a separate business purpose or investment objective. The Partnership shall maintain separate and distinct records for any such Series and the assets associated with such Series shall be held directly or indirectly, including through a nominee or otherwise) and accounted for separately from the assets of any other Series. The debts, liabilities and obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Partnership generally or any other Series, and none of the debts liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Partnership generally or any other Series shall be enforceable against the assets of such Series.

Separate Series. The General Partner may establish any number of designated series of Units (each a “Series”) having separate rights, powers or duties with respect to specified property or obligations of the Partnership or profits and losses associated with specified property or obligations, and any such Series may have a separate business purpose or investment objective. The Partnership shall maintain separate and distinct records for any such Series and the assets associated with such Series shall be held directly or indirectly, including through a nominee or otherwise) and accounted for separately from the assets of any other Series. The debts, liabilities and obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Partnership generally or any other Series, and none of the debts liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Partnership partnership generally or any other Series shall be enforceable against the assets of such Series.

Separate Series. The General Partner may establish any number of designated series of Units Interests (each a “Series”) having separate rights, powers or duties with respect to specified property or obligations of the Partnership or profits and losses associated with specified property or obligations, and any such Series may have a separate business purpose or investment objective. The Partnership shall maintain separate and distinct records for any such Series and the assets and liabilities associated with any such Series shall be held (directly or indirectly, including through a nominee or otherwise) and accounted for separately from the assets and liabilities of any other Series. The debts, liabilities and obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Partnership generally or any other Series, Series and none of the debts debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Partnership generally or any other Series shall be enforceable against the assets of such Series.