Common use of Partnership Funds Clause in Contracts

Partnership Funds. Pending application or distribution, the funds of the Partnership shall be deposited in such bank accounts, or invested in such interest-bearing or non-interest-bearing investments, including without limitation, federally insured checking and savings accounts, certificates of deposit and time or demand-deposits in U.S. government agencies or government backed securities or such other investments as the General Partner deems appropriate and consistent with the maintenance of Brandywine Realty Trust’s qualification as a real estate investment trust under the Code.

Appears in 34 contracts

Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Agreement (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)

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Partnership Funds. Pending application or distribution, the funds of the Partnership shall be deposited in such bank accounts, or invested in such interest-bearing or non-interest-bearing investments, including without limitation, federally insured checking and savings accounts, certificates of deposit and time or demand-deposits in U.S. government agencies or government backed securities or such other investments as the General Partner deems appropriate and consistent with the maintenance of Brandywine Realty Trustthe General Partner’s qualification as a real estate investment trust under the Code.

Appears in 1 contract

Samples: Agreement (Gaming & Leisure Properties, Inc.)

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