Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
Custody of Partnership Funds; Bank Accounts. 11.2.1 All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested by the General Partner in investment grade instruments (or investment companies whose portfolio consists primarily thereof), government obligations, certificates of deposit, bankers’ acceptances and municipal notes and bonds. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b). 10.3
Custody of Partnership Funds; Bank Accounts. The General Partner shall have fiduciary responsibility for the safekeeping and use of all funds and accounts of the Partnership, whether or not in the immediate possession or control of the General Partner. The funds of the Partnership shall not be commingled with the funds of any other person or entity, and the General Partner shall not employ, or permit any other person or entity to employ, Partnership funds in any manner except for the benefit of the Partnership.
Custody of Partnership Funds; Bank Accounts. (a) The Managing Partner shall have fiduciary responsibility for the safekeeping and use of all funds and assets of the Partnership, whether or not in the immediate possession or control of the Managing Partner. The funds of the Partnership shall not be commingled with the funds of any other person or entity, and the Managing Partner shall not employ such funds in any manner except for the benefit of the Partnership.
Custody of Partnership Funds; Bank Accounts. 54 Section 10.03. Fiscal and Taxable Year 55 Section 10.04. Annual Tax Information and Report 55 #96603748v1
Custody of Partnership Funds; Bank Accounts. (a)ALL FUNDS OF THE PARTNERSHIP NOT OTHERWISE INVESTED SHALL BE DEPOSITED IN ONE OR MORE ACCOUNTS MAINTAINED IN SUCH BANKING OR BROKERAGE INSTITUTIONS AS THE GENERAL PARTNER SHALL DETERMINE, AND WITHDRAWALS SHALL BE MADE ONLY ON SUCH SIGNATURE OR SIGNATURES AS THE GENERAL PARTNER MAY, FROM TIME TO TIME, DETERMINE.
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretion. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment permitted by this Section 10.2(b). 10.3.
Custody of Partnership Funds; Bank Accounts
