Common use of Title Holder Clause in Contracts

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. To the extent allowable under applicable law, ------------ title to all or any part of any Property the properties of the Partnership may be held in the name of the Partnership, a Property Partnership or in the name of any other Person, the beneficial interest in which shall at all times be vested in the PartnershipGeneral Partner. 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.