Common use of Partnership Funds Clause in Contracts

Partnership Funds. All funds of the Partnership shall be deposited in its name in accounts (with banks, "money-market funds," or securities of the United States government or like investment or depository media) designated by the General Partner, and the General Partner or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership business.

Appears in 5 contracts

Samples: Partnership Agreement (Philips International Realty Corp), Agreement (Philips International Realty Corp), Agreement (Philips International Realty Corp)

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Partnership Funds. All funds of the Partnership shall be deposited in its name in accounts (with bankssuch federally insured checking, "money-market funds," savings, or securities other bank accounts, or held in its name in the form of the United States government or like investment or depository media) such other investments, as shall be designated by the General Partner, and . The funds of the Partnership shall not be commingled with the funds of any other Person. All withdrawals of such deposits or liquidations of such investments by the Partnership shall be made exclusively upon the signature of the General Partner or its designees shall have such Officer, Officers or service providers as the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership businessGeneral Partner may designate.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Park View OZ REIT Inc), Limited Partnership Agreement (Park View OZ REIT Inc)

Partnership Funds. All funds of the Partnership shall be deposited in its name in accounts (with bankssuch bank account or accounts, "moneyor invested in such interest-market funds," bearing investments, as shall be determined by the General Partner in its discretion. All withdrawals of funds shall be made by check or securities order signed by an officer of the United States government General Partner or like investment by an agent or depository media) agents designated by the General Partner, and the General Partner from time to time. Partnership funds shall not be commingled with those of any other person or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership businessentity.

Appears in 2 contracts

Samples: Clear Channel Identity, Inc., Clear Channel Identity, Inc.

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Partnership Funds. All funds of the Partnership shall be ----------------- deposited in its name in accounts (with banks, "money-market funds," or securities of the United States government or like investment or depository media) designated by the General Partner, and the General Partner or its designees shall have the right to draw checks or other orders of withdrawal thereon and make, deliver, accept and endorse negotiable instruments in connection with the Partnership business.

Appears in 1 contract

Samples: Partnership Agreement (Reckson Associates Realty Corp)

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