Common use of COMMON SEAL Clause in Contracts

COMMON SEAL. 20.1 The LLP shall have a Common Seal and the same shall be laid before and adopted at the general meeting mentioned hereinabove and the Common Seal shall be affixed to any document or contract as may be required with the approval of and in the presence of the Designated Partners of the LLP on each occasion and the same shall be recorded chronologically in the Seal Book maintained for the purpose under their signatures. 20.2 The Designated Partners shall provide for and ensure the safe custody of the Seal of the LLP. 20.3 The Seal shall not be affixed to any instrument except by the authority of the Designated Partners and except in the presence of the Designated Partners, who shall sign every instrument to which the Seal is affixed.

Appears in 2 contracts

Sources: LLP Agreement, Limited Liability Partnership Agreement