Partnership Properties Sample Clauses

Partnership Properties. All the Partnership’s interest of whatever nature, including but not limited to all royalties, overriding royalties, mineral interests, working interests, net profits interests, production payments, and other interests, whether now owned or acquired hereafter, in (a) the Leases described on Exhibit A; (b) Wxxxx; (c) any additional leases or mineral interests acquired by the Partnership; (d) any properties now or hereafter pooled or unitized with the Leases or Wxxxx; (e) all presently existing or future unitization agreements, communitization agreements, pooling agreements, and declarations of pooled units and the units created thereby, affecting all or any portion of the Leases or Wxxxx; (f) all operating agreements, contracts, subleases, farmins, farmouts, production sale, hedging, and other agreements which relate to any of the Leases or Wxxxx or which relate to the production, sale, purchase, exchange, or processing of oil or gas from or attributable to the Leases or Wxxxx; (g) all easements, rights- of-way, leases, surface use agreements, road use agreements, and other agreements relating to the Leases or Wxxxx; (h) all geological, geophysical, engineering, accounting, title, legal and other technical or business data concerning the Leases and Wxxxx; (i) all rents, proceeds, products, revenues, depletion deductions and other income or deduction from or attributable to the Leases and the Wxxxx; (j) all unsevered and unextracted oil, gas or other minerals; and (k) all Executive Rights relating to any of the foregoing. Partnership Representative. As used in this Agreement, the Partnership Representative shall mean the partnership representative required to be designated by Code Section 6223, as amended, for the tax years ending on a date subsequent to December 31, 2017. The Partnership Representative shall be the Managing Partner. Person. An individual, trust, estate, or any incorporated or unincorporated entity, including any general or limited partnership, limited liability company, corporation, joint venture, association, cooperative, government or governmental subdivision or agency and any other legally cognizable entity, and all heirs, executors, administrators, legal representatives, successors and assigns of such Person where permitted or required by the context.
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Partnership Properties. The term "Partnership Properties" shall mean those certain properties described on Exhibit C to this Loan Agreement which are owned by HCP and NHP, as the case may be.
Partnership Properties. (a) The Buyer and the Seller acknowledge that the parcels of real estate identified on EXHIBIT A-2 hereto as "Partnership Properties") are owned by partnerships of which the Seller is the general partner and that, as set forth on EXHIBIT L hereto, the consent of the limited partners of such partnerships is required to effect the sale of such Partnership Properties. Subject to Section 1.5(b) through (d), between the date hereof and thirty (30) days after the date hereof, the Seller shall use commercially reasonable efforts to obtain all such required consents and to cause such partnerships to sell such Partnership Properties to the Buyer on the terms provided herein. When any Partnership Property becomes a Property under the terms hereof, the Seller shall cause any such partnership to sell such Partnership Property to the Buyer on, and subject to, the terms hereof.
Partnership Properties. Any and all property acquired or leased by the Partnership.

Related to Partnership Properties

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • Title to Partnership Property All property owned by the Partnership shall be deemed to be owned by the Partnership as an entity, and no Partner, individually, shall have any ownership interest in any such property. Title to Partnership property may be held in street name or another sort of nominee arrangement if the General Partner determines that such arrangement is in the Partnership's best interest.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Oil and Gas Properties The Borrower will and will cause each Subsidiary to, at its own expense, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. The Borrower will and will cause each Subsidiary to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for dispositions permitted by Sections 9.16 and 9.17. The Borrower will and will cause each Subsidiary to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in a safe, careful, and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements, including the Environmental Laws.

  • Tax Partnership It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Unless otherwise approved by each Member, neither the Company nor any Member shall make an election for the Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

  • Operations and Properties Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

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