Partnership Account definition

Partnership Account means an Account which is opened and operated by a partnership.
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Partnership Account means the bank account or accounts established by the General Partner pursuant to Section 10.3 of this Agreement.
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Partnership Account shall have the meaning set forth in SECTION 5.
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Examples of Partnership Account in a sentence

  • Specific instructions or conditions to operate the Partnership Account by the Authorised Signatory(ies) must be clear, in writing and shall be in terms acceptable by the Bank.

  • The balance of such Capital Contributions shall be held in the Production Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Income or Investment Income, Operating Costs, General and Administrative Costs, Direct Administrative Costs and other Production Partnership costs; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 9.3.

  • Account types available, but not limited to: • Regular Account (no named beneficiaries) • Sole Proprietorship Account • Informal Trust Account (also known as Payable on Death) • Partnership Account • Formal Trust Account • Corporation Account.

  • The Managing Partner shall deposit in the Production Partnership Account the Capital Contributions of the Limited Partnership and the Managing Partner and apply such Capital Contributions to the payment of Organization and Offering Costs and the Acquisitions and Operations Fee.

  • The balance of such Capital Contributions shall be held in the Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Revenues or Investment Income, Operating Costs, General and Administrative Costs, Direct Administrative Costs and other Partnership costs; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 10.3.


More Definitions of Partnership Account

Partnership Account has the meaning given to it in Section 2(o).
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Partnership Account means the account maintained by and in the name of the Partnership as shall be identified from time to time by the Partnership to the Agent as the Partnership Account.
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Partnership Account means a bank account in the name of the Partnership opened in accordance with clause 9, with the bank specified in item 6 of Schedule 1.
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Partnership Account means an Account which is opened
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Partnership Account the partnership named on the signature page below (the “Partnership”) and the persons, being all partners of and carrying on business under the name of the Partnership and acting jointly and severally, whose names are specified on the signature page below (the “Partners”) entering into this Agreement with UOBKH(HK)L to open and/or maintain one or more partnership account(s) for the Partnership; or
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Partnership Account means the segregated interest bearing account in the Partnership's name referenced in Section 3.3 into which the General Partners shall deposit certain receipts of the Partnership as set forth therein.
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Partnership Account. Means an Account opened and maintained under this Agreement by the partnership named on the signature page below and the persons, being all partners of and carrying on business under the name of the partnership and acting jointly and severally
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