Partnership Assets. (a) The Partners shall use the Partnership's credit and assets solely for the benefit of the Partnership. All real and personal property owned by the Partnership shall be owned by the Partnership, and the Partners as such shall have no direct interest therein.
Partnership Assets. 6.1 The Manager shall not use the Partnership’s money in the course of its business or hold the Partnership’s money, which shall be held in the Partnership’s Bank Account. The Manager will ensure that any cheques or bankers drafts for income or other distributions payable to the Partnership or for monies in payment for Investments disposed of for the account of the Partnership (or in payment for any other sum payable to the Partnership) which are received by the Manager are paid as soon as practicable direct to the Partnership’s Bank Accounts without passing through any account in the name of the Manager.
Partnership Assets. [YOU WILL NEED TO DECIDE HOW BAND ASSETS LIKE A WEBSITE, YOUTUBE CHANNEL, ACCOUNTS AT STREAMING AND HOSTING SERVICES LIKE SOUNDCLOUDO OR BANDCAMP, SUBSCRIPTIONS TO COMPOSITION AND EDITING SOFTWARE, ARE ACQUIRED AND PAID FOR, WHO CAN ACCESS THEM, AND WHO OWNS THEM. YOU CAN PAY FOR THEM OUT OF GIG AND SALES MONEY IN THE BAND BANK ACCOUNT, OR MEMBERS CAN MAKE CAPITAL CONTRIBUTIONS TO FUND AT LEAST THE START-UP OF THESE ASSETS.]
Partnership Assets. The credit and assets of the Partnership shall be used solely for the benefit of the Partnership and shall not otherwise be used to further the personal gain of any of the Partners. Title to and ownership of all of the assets of the Partnership shall at all times be vested in and stand in the name of the Partnership. The General Partner shall execute, file and record such documents which may become necessary to reflect the Partnership's ownership of such property in such public offices as may be required.
Partnership Assets. 5.1 If, and to the extent that section 20 of the Law applies to the Partnership, the General Partner, the Limited Partner and the Managing Limited Partner declare that the trust (or as the case may be the deemed trust) on which the General Partner holds any property of the Partnership which is:
Partnership Assets. 0.9.1. The Partnership or a Subsidiary has good and valid title to (or, in the case of the Partnership Assets that are leased, valid leasehold interests in) the Partnership Assets (other than Owned Real Property, Leased Real Property and Other Real Property Interests, as to which representations and warranties in Section 3.5 apply). The Partnership Assets are free and clear of all Liens, except Permitted Liens.
Partnership Assets. 13 5.12.1 Real Property Rights; Title Insurance. . . . 13 5.12.2 Fixtures and Improvements. . . . . . . . . . 13 5.12.3
Partnership Assets. Each Partnership shall deliver to Purchaser a limited warranty deed, bill ox xxle and such other instruments necessary to convey insurable fee simple title to its real estate assets and all of its right, title and interest in all of its other assets (subject to Permitted Liens and such other security interests and permitted exceptions as are approved by the Purchaser) to the Purchaser or its designee. In connection therewith, the Sellers hereby represent and warrant to the Purchaser that, as of the date thereof, each such conveyance will be duly authorized in accordance with Applicable Law and the relevant partnership agreement and that such conveyance will constitute a valid, legal and binding obligation of the relevant partnership, enforceable against it in accordance with the terms of the relevant conveyancing document.
Partnership Assets. As of the Closing, the Partnership will not own any material assets other than the Property.
Partnership Assets. All Partnership Assets shall be the ------------------- property of the Partnership. The title to all Partnership Assets shall be held in the name of the Partnership.
