Common use of Formation of Limited Partnership Clause in Contracts

Formation of Limited Partnership. The parties hereto agree to form a Limited Partnership under the Partnership Act in accordance with the terms of this Agreement. The term of the Limited Partnership shall be as set out in Section 10.1. The rights, restrictions and liabilities of the Partners shall be governed by the provisions of the Partnership Act except as herein otherwise expressly provided.

Formation of Limited Partnership. The parties hereto agree Original Partners entered into and formed pursuant to form a Limited Partnership under the Partnership Act in accordance with the terms of this Agreement. The term provisions of the Limited Partnership shall be Act a limited partnership (hereinafter referred to as the "Partnership") for the purpose and scope set out forth hereinbelow. Except as provided to the contrary in Section 10.1. The this Agreement, the rights, restrictions duties, status, and liabilities of the Partners Partners, and the formation, administration, dissolution, and continuation or termination of the Partnership, shall be governed by as provided in the provisions of the Limited Partnership Act except as herein otherwise expressly providedAct.

Formation of Limited Partnership. The parties hereto agree Original Partners entered into and formed pursuant to form a Limited Partnership under the Partnership Act in accordance with the terms of this Agreement. The term provisions of the Limited Partnership shall be Act a limited partnership (hereinafter referred to as the “Partnership”) for the purpose and scope set out forth hereinbelow. Except as provided to the contrary in Section 10.1. The this Agreement, the rights, restrictions duties, status, and liabilities of the Partners Partners, and the formation, administration, dissolution, and continuation or termination of the Partnership, shall be governed by as provided in the provisions of the Limited Partnership Act except as herein otherwise expressly providedAct.

Formation of Limited Partnership. The parties hereto Partners hereby agree to form form, organize, and enter into a Limited Partnership under limited partnership pursuant to the Partnership Act in accordance with the terms of this Agreement. The term provisions of the Limited Partnership shall be as Act (the “Partnership”) for the limited purposes and upon the terms and conditions set out in Section 10.1. The rights, restrictions and liabilities of the Partners shall be governed by the provisions of the Partnership Act except as herein otherwise expressly providedforth herein.