Common use of Partnership Funds Clause in Contracts

Partnership Funds. All funds of the Partnership shall be deposited in its name in accounts (with banks, "money-market funds," or securities of the United States government or like investment or depository media) designated by the General Partner, and the General Partner or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership business.

Appears in 5 contracts

Samples: Agreement (Philips International Realty Corp), Agreement (Philips International Realty Corp), Partnership Agreement (Philips International Realty Corp)

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Partnership Funds. All funds of the Partnership shall be deposited in its name in accounts (with bankssuch bank account or accounts, "moneyor invested in such interest-market funds," bearing investments, as shall be determined by the General Partner in its discretion. All withdrawals of funds shall be made by check or securities order signed by an officer of the United States government General Partner or like investment by an agent or depository media) agents designated by the General Partner, and the General Partner from time to time. Partnership funds shall not be commingled with those of any other person or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership businessentity.

Appears in 2 contracts

Samples: Clear Channel Identity, Inc., Clear Channel Identity, Inc.

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Partnership Funds. All funds of the Partnership shall be ----------------- deposited in its name in accounts (with banks, "money-market funds," or securities of the United States government or like investment or depository media) designated by the General Partner, and the General Partner or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership business.

Appears in 1 contract

Samples: Partnership Agreement (Reckson Associates Realty Corp)

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