Common use of Custody of Partnership Funds; Bank Accounts Clause in Contracts

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.

Appears in 410 contracts

Samples: Limited Partnership Agreement (Strategic Student & Senior Housing Trust, Inc.), Agreement (Medalist Diversified REIT, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income Trust, Inc.)

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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.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Hines Global Reit Ii, Inc.), Limited Partnership Agreement (Hines Global Income Trust, Inc.), Limited Partnership Agreement (Hines Global Income Trust, Inc.)

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Custody of Partnership Funds; Bank Accounts. (a) i. 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.

Appears in 1 contract

Samples: Capital Automotive Reit

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