Common use of Duly Formed Clause in Contracts

Duly Formed. The Partnership is a duly formed and validly existing limited partnership under the Act, with all necessary power and authority under the Act to issue the Interests to be issued to the Partners hereunder.

Appears in 2 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement

Duly Formed. The Partnership is a duly formed and validly existing limited partnership under the Act, with all necessary power and authority under the Act to issue the Interests to be issued to the Partners hereunder.hereunder.β€Œ

Appears in 1 contract

Sources: Limited Partnership Agreement