Title Holder Sample Clauses
The Title Holder clause designates the individual or entity that legally owns the title to a specified asset, property, or item. In practice, this clause identifies who is recognized as the official owner in records and who has the authority to transfer, encumber, or otherwise deal with the title. For example, in a real estate contract, the clause would specify whether the buyer, seller, or a third party holds the title during various stages of the transaction. Its core function is to ensure clarity and prevent disputes by explicitly stating ownership, thereby protecting the interests of all parties involved.
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Title Holder. To the extent allowable under applicable law, the Partnership may hold title to all or any part of its properties in the name of an individual, corporation, partnership, trust or otherwise, the beneficial interest in which shall at all times be vested in the Partnership, and may agree that any such title holders be vested with all or any part of the powers which might otherwise reside in the Partnership. Any such title holders shall perform any and all of their respective functions to the extent and upon such terms and conditions as may be determined from time to time by the General Partner in accordance with the terms hereof.
Title Holder. To the extent allowable under applicable law, the Company may hold title to all or any part of its properties in the name of an individual, corporation, partnership, trust or otherwise, the beneficial interest in which shall at all times be vested in the Company, and may agree that any such title holders be vested with all or any part of the powers which might otherwise reside in the Company. Any such title holders shall perform any and all of their respective functions to the extent and upon such terms and conditions as may be determined from time to time by the Chief Manager in accordance with the terms hereof.
Title Holder. To the extent allowable under applicable law, title to all or any part of the assets of the Company may be held in the name of the Company or in the name of any other Person that is (a) a special purpose Entity, (b) wholly owned, directly or indirectly, by the Company and (c) disregarded as a separate Entity for federal tax purposes.
Title Holder. 30 9.5 Compensation of the General Partner.......................... 30 9.6
Title Holder. A. To the extent allowable under applicable law, title to all or any part of the properties of the Partnership may be held in the name of the Partnership, the General Partner or any other individual, corporation, partnership, trust or otherwise, 100% of the beneficial interest in which shall at all times be vested in the Partnership. Any such title holder shall perform any and all of its respective functions to the extent and upon such terms and conditions as may be determined from time to time by the General Partner.
B. Except as the General Partner may otherwise specify from time to time, all property held by the General Partner or any wholly-owned subsidiary of the General Partner (except the General Partner Units and other Partnership Interests in the Partnership held by the General Partner and except for the capital stock of any such wholly-owned subsidiary of the General Partner) shall be deemed to be held for the benefit of the Partnership under Section 9.4.
Title Holder. 38 6.5 Compensation of the Managing Member........................... 38
Title Holder. 60 7.9 Compensation of the General Partner.......................................60 PAGE 7.10Waiver and Indemnification................................................60 7.11Operation in Accordance with REIT Requirements............................65
Title Holder. To the extent allowable under applicable law, ------------ title to all or any part of any Property may be held in the name of the Partnership or in the name of any other Person, the beneficial interest in which shall at all times be vested in the Partnership. Any such title holder shall perform any and all of its respective functions to the extent and upon such terms and conditions as may be determined from time to time by the General Partner, consistent with the business purposes of the Partnership.
Title Holder. 26 9.5 Compensation of the General Partner . . . . . . . . . . . . . . . . . 26 9.6
Title Holder. To the extent allowable under applicable law, title to all or any part of the properties of the Partnership may be held in the name of the Partnership or any other individual, corporation, partnership, trust or otherwise, the beneficial interest in which shall at all times be vested in the Partnership. Any such title holder shall perform any and all of its respective functions to the extent and upon such terms and conditions as may be determined from time to time by the General Partner. Compensation of the General Partner. The General Partner shall not be entitled to any compensation for services rendered to the Partnership solely in its capacity as General Partner except with respect to reimbursement for those costs and expenses constituting Administrative Expenses.