Common use of Partnership Funds Clause in Contracts

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnership, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnership, as shall be designated by the Board in its sole discretion. All withdrawals from any such bank accounts shall be made by the Board or the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other Person.

Appears in 12 contracts

Samples: Agreement (WUS Holding, L.L.C.), NRG Retail LLC, NRG Retail LLC

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Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnership, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnership, as shall be designated by the Board in its sole discretionGeneral Partner and shall not be commingled with the funds of the General Partner. All withdrawals from any or charges against such bank accounts shall be made by the Board General Partner or the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other Personby its agents.

Appears in 5 contracts

Samples: Eme Homer City Generation Lp, Edison Mission Finance Co, Eme Homer City Generation Lp

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipaccounts, as shall be designated by the Board in its sole discretionGeneral Partner. All withdrawals from any such bank accounts shall be made by the Board General Partner or the duly authorized other agent or agents of duly authorized by the BoardGeneral Partner. Partnership funds shall not be commingled with those of any other person (including the Partners General Partner or any other Personof its Affiliates).

Appears in 2 contracts

Samples: Agreement (Teppco Partners Lp), Joint Development Agreement (Teppco Partners Lp)

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-interest- bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in its sole discretionPartnership. All withdrawals from any such bank accounts shall be made by the Board or the duly authorized agent or agents of the BoardPartnership. Partnership funds shall not be commingled with separately identifiable from those of the Partners or any other Personperson or entity.

Appears in 2 contracts

Samples: General Partnership Agreement (Walbro Corp), General Partnership Agreement (Walbro Corp)

Partnership Funds. The funds of the Partnership shall be deposited in such bank or other financial institution account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in its sole discretionGeneral Partner. All withdrawals from any such bank accounts shall be made only by the Board General Partner or by individuals duly appointed by the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other PersonGeneral Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Wells Real Estate Investment Trust Inc), Wells Real Estate Investment Trust Inc

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-interest bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in its sole discretionGeneral Partner. All withdrawals from any such bank accounts shall be made by the Board or the duly authorized agent or agents of the BoardGeneral Partner only. Partnership funds shall be held in the name of the General Partner and shall not be commingled with those of the Partners or any other Personperson.

Appears in 1 contract

Samples: Limited Partnership Agreement (CHC Helicopter Corp)

Partnership Funds. The funds of the Partnership shall be deposited in such banks, in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in its sole discretionGeneral Partner. All withdrawals from any such bank accounts account(s) shall be made by the Board or the duly authorized agent or agents of the BoardGeneral Partner. Partnership funds shall be held in the name of the Partnership and shall not be commingled with those of the Partners or any other Personperson.

Appears in 1 contract

Samples: Limited Partnership Agreement (GFP LTD)

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnership, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershippartnership, as shall be designated by the Board in its sole discretion. All withdrawals from any such bank accounts shall be made by the Board or the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other Person.

Appears in 1 contract

Samples: Delta Energy Center, LLC

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Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in Corporate General Partner. Such funds shall not be commingled with funds of any other real estate limited partnership or other entity, including, without limitation, an entity managed or advised by the Corporate General Partner or its sole discretionAffiliates. All withdrawals from any of such bank accounts shall be made by the Board or the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other PersonCorporate General Partner.

Appears in 1 contract

Samples: Carlyle Real Estate LTD Partnership Xiv /Il/

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board Partners may from time to time designate or as a majority in its sole discretioninterest of the Partners may from time to time designate. All withdrawals from any such bank accounts shall be made by the Board or the duly authorized agent or agents of the BoardPartnership. Partnership funds shall be held in the name of the Partnership and shall not be commingled with those of the Partners or any other Personperson.

Appears in 1 contract

Samples: General Partnership Agreement (Discount Auto Parts Inc)

Partnership Funds. The funds of the Partnership shall be deposited in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in Corporate General Partner. Such funds shall not be commingled with funds of any other real estate limited partnership or other entity managed or advised by the Corporate General Partner or its sole discretionAffiliates. All withdrawals from any of such bank accounts shall be made by the Board or the duly authorized agent or agents of the Board. Partnership funds shall not be commingled with those of the Partners or any other PersonCorporate General Partner.

Appears in 1 contract

Samples: Subscription Agreement (Carlyle Real Estate LTD Partnership Xiii)

Partnership Funds. The funds of the Partnership shall be deposited in such banks, in such bank account or accounts identified to the Partnershipaccounts, or invested in such interest-bearing or non-interest-bearing investments identified to the Partnershipinvestments, as shall be designated by the Board in its sole discretionGeneral Partner. All withdrawals from any such bank accounts account(s) shall be made by the Board or the duly authorized agent or agents of the BoardGeneral Partner. Partnership funds and shall be held in the name of the Partnership and shall not be commingled with those of the Partners or any other Personperson.

Appears in 1 contract

Samples: Limited Partnership Agreement (GFP LTD)

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