Common use of Title and Custody Clause in Contracts

Title and Custody. Legal title to all assets and Securities to be acquired by the Limited Partnership shall be either (i) registered in the name of the General Partner, as general partner on behalf of the Limited Partnership, or (ii) any other entity which the General Partner determines shall be the registered holder of title to Limited Partnership assets or Securities, either as nominee and/or in trust for the Limited Partnership, where it is neither commercially feasible to register title in the name of the Limited Partnership nor outside normal business practice to register title in such other entity.