Division of Property Sample Clauses

Division of Property. In the event of a property settlement or separation agreement between a Member and his or her spouse, such Member agrees that he or she shall use his or her best efforts to retain all of his or her Interest in the Company and shall reimburse his or her spouse for any Interest he or she may have in the Company out of funds, assets or proceeds separate and distinct from his or her Interest in the Company. To the extent that such Member is unable, despite his or her exercise of best efforts, to retain all of his or her Interest in the Company, such Member shall use its best efforts to assign to his or her spouse only the right to share in profits and losses, to receive distribution or distributions, and to receive allocation of income, gain, loss, deduction or credit or similar item to which the assigning Member was entitled, to the extent assigned, with the assigning Member remaining entitled to exercise all rights and powers of a Member hereunder; provided that any purported assignment shall be a Transfer subject to the provisions of Article VII of this Agreement. Notwithstanding the foregoing, if a spouse or former spouse of a Member acquires an Interest in the Company as a Member as a result of any such proposed settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which shall be coupled with an interest) to the assigning Member to vote or to give or withhold such approval as such assigning Member shall himself or herself vote or approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse, and such spouse or former spouse shall be subject to the removal and withdrawal provisions set forth in Article VIII. Such power of attorney shall not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Division of Property. In the event of a property settlement or separation agreement between a Partner and his or her spouse, such Partner agrees that he or she shall use his or her reasonable efforts to retain all of his or her Interest in the Partnership and shall reimburse his or her spouse for any Interest he or she may have in the Partnership out of funds, assets or proceeds separate and distinct from his or her interest in the Partnership. To the extent that such Partner is unable, despite his or her exercise of reasonable efforts, to retain all of his or her Interest in the Partnership, such Partner shall use reasonable efforts to assign to his or her spouse only the right to share in profits and losses, to receive distribution or distributions, and to receive allocation of income, gain, loss, deduction or credit or similar item to which the assigning Partner was entitled, to the extent assigned, with the assigning Partner remaining entitled to exercise all rights and powers of a Partner hereunder. Notwithstanding the foregoing, if a spouse or former spouse of a Partner acquires an Interest in the Partnership as a Partner as a result of any such proposed settlement or separation agreement, such spouse or former spouse shall be entitled only to allocation and distributions with respect to his or her Interest and shall have no right to information concerning the affairs of the Partnership and shall not have any other rights of a Partner under this Agreement.

Division of Property. All property, real and personal, and whatever situated which the parties own jointly or individually, or in common with each other, shall be divided as follows:

Division of Property. All property, real and personal, wherever situated, which the parties own jointly or individually, or in common with each other, shall be divided as follows: 2.1 Real Estate(check all that apply) □ We have no real estate. □ The husband has real estate which he owned prior to this marriage, or received by inheritance, and the wife is waiving her claims to his real estate, now and in the future. The property is located at: □ The wife has real estate which she owned prior to this marriage, or received by inheritance, and the husband is waiving his claims to her real estate, now and in the future. The property is located at: □ The parties jointly own real estate and agree to dispose of it as follows: Location: Disposed of as follows: □ Each party shall pay and hold the other harmless from any debt owing on real estate they receive. 2.2 Motor Vehicles(check all that apply) □ There are no motor vehicles titled in either party’s name. □ Husband shall receive, free and clear of any claims of wife, all right, title, and interest in the following motor vehicles: □ Wife shall receive, free and clear of any claims of husband, all right, title, and interest in the following motor vehicles: Each party shall pay for, and hold the other harmless from, any debt owing on the motor vehicle(s) they receive. The Clerk of Courts is ordered to transfer any of the motor vehicles listed above if necessary.

Division of Property. On termination of this Agreement, the parties shall immediately divide their jointly owned property. If the parties are unable to agree on a division of their property, an appraiser shall divide such property. The appraiser shall inventory and appraise at fair market value the property jointly owned by the parties at the time of termination of this Agreement. Unless the parties agree to the contrary, Appraiser shall divide the jointly owned personal property equally or nearly equally between the parties using the appraised market value as the basis for division. Appraiser shall also appraise any real property jointly owned by the parties at the time of termination of this Agreement, set the appraised value of such real property based on its fair market value, and fix the percentage representing each of the parties' individual ownership interest in each such property.

Division of Property. The Buyer, its successors, liens, or assigns, shall not divide, subdivide, or partition, either legally or physically, the Protected Property for any reason without the prior written approval of the Seller except for the purpose of correcting or adjusting a boundary line to resolve a marketable title or ownership dispute. If written approval is granted, any conveyance of the Protected Property is subject to the following terms. The enforceability or validity of this Conservation Easement shall not be impaired or limited by any failure of the Buyer, its successors, liens or assigns, to comply with this section (V.D). 1. Any conveyance or encumbrance of the Protected Property is subject to this Conservation Easement. 2. The Buyer, its successors, liens or assigns, shall reference or insert the terms of this Conservation Easement in any deed or other document by which the Buyer, its successors, liens or assigns, conveys title to or any interest in the Protected Property. 3. The Buyer, its successors, liens or assigns, will notify the Seller, its successors or assigns, of any conveyance within thirty (30) days after closing and will provide the Seller, its successors or assigns, with the name and address of the new owner and any party that has acquired an interest in the property and a copy of the deed transferring title or mortgage conveying an interest.

Division of Property. The Project is divided as follows: A. Units: There are two (2) Units in the Project, which are designated and further shown and described on the Condominium Plan. Each Unit consists of the airspace, land, building[s] and other improvements located and included within the boundaries of the Unit as shown on the Condominium Plan. Included within each Unit are all of the following.

Division of Property. All property, real and personal, wherever situated, which the parties own jointly or individually, or in common with each other, shall be divided as follows: 2.1 Real Estate (check all that apply) 🞏 We have no real estate. 🞏 Petitioner 1 has real estate that they owned prior to this marriage, or received by inheritance, and Petitioner 2 is waiving their claims to Petitioner 1’s real estate, now and in the future. The property is located at:

Division of Property. Both Parties hereby agree: 3.1 That in the event of separation, divorce or the annulment of the Marriage, the Wife shall transfer to the Husband all that property and Income and any interest in said property or Income listed in Schedule A and shall waiver, renounce and relinquish any and all rights over said property in favor of the Husband. 3.2 That in the event of separation, divorce or the annulment of the Marriage, the Husband shall transfer to the Wife all the property and Income and any interest in said property or Income listed in Schedule B and shall waiver, renounce and relinquish any and all rights over said property in favor of the Wife. 3.3 That any property not expressly included in Schedule A and Schedule B shall be divided by agreement between the Parties at the time of separation, divorce, or annulment and, if agreement cannot be reached between the parties, then the matter shall be determined by an arbitrator in accordance with clause 11. 3.4 That the above clauses (3.1, 3.2, and 3.3) shall apply notwithstanding any investment by one Party of time, effort, or money in the maintenance, improvement, or other betterment of the property of the other Party. 3.5 That the above clauses (3.1, 3.2 and 3.3) shall apply notwithstanding any behavior, agreement, promise, or course of action which purports to confer the rights or obligations of one Party upon the other Party unless it be formalized in accordance with clause 8 of this postnuptial Agreement.

Division of Property. (Choose only one: a, b or c) □ a) The parties have no marital property subject to equitable division. □ b) The parties have previously divided their marital property totheir mutual satisfaction. □ c) The parties acknowledge that they possess various items ofjointly owned property, which shall be divided as follows: 1) To the Wife: 2) To the Husband: