Common use of Bank Accounts A Clause in Contracts

Bank Accounts A. The General Partners shall have fiduciary responsibility for the safekeeping and use of an funds and assets of the Fund, whether or not in their immediate possession or control. The General Partners shall not employ, or permit any other Person to employ, such funds in any manner except for the benefit of the Fund.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership)

AutoNDA by SimpleDocs

Bank Accounts A. The General Partners Partner shall have fiduciary responsibility for the safekeeping and use of an all funds and assets of the FundPartnership, whether or not in their immediate possession or control. The General Partners Partner shall not employ, or permit any other Person to employ, such funds in any manner except for the benefit of the FundPartnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Realty Parking Properties Ii Lp), Limited Partnership Agreement (Realty Parking Properties Lp), Limited Partnership Agreement (Realty Parking Properties Lp)

Bank Accounts A. The General Partners shall have fiduciary responsibility for the safekeeping and use of an all funds and assets of the FundPartnership, whether or not in their immediate possession or control. The General Partners shall not employ, or permit any other Person to employ, such funds in any manner except for the benefit of the FundPartnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership)

AutoNDA by SimpleDocs

Bank Accounts A. The General Partners Partner shall have fiduciary responsibility for the safekeeping and use of an all funds and assets of the FundPartnership, whether or not in their immediate possession or control. The General Partners Partnership shall not employ, or permit any other Person to employ, such funds in any manner except for the benefit of the FundPartnership.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Redwood Equipment Leasing Income Fund Lp), Agreement of Limited Partnership (Redwood Equipment Leasing Income Fund Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!