Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretion. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment permitted by this Section 10.2(b).
Appears in 51 contracts
Samples: Limited Partnership Agreement (New Mountain Net Lease Trust), Limited Partnership Agreement (Brookfield Real Estate Income Trust Inc.), Limited Partnership Agreement (IPC Alternative Real Estate Income Trust, Inc.)
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
(b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretionPartner. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b10.02(b).
Appears in 38 contracts
Samples: Agreement of Limited Partnership (Agree Realty Corp), Limited Partnership Agreement (New York City REIT, Inc.), Limited Partnership Agreement (Medalist Diversified REIT, Inc.)
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
(b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretionPartner. The funds of the Partnership shall not be commingled with the funds of any Person other Person than the General Partner except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b10.02(b).
Appears in 13 contracts
Samples: Limited Partnership Agreement (Postal Realty Trust, Inc.), Limited Partnership Agreement (Priam Properties Inc.), Limited Partnership Agreement (Postal Realty Trust, Inc.)
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
(b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretionPartner. The funds of the Partnership shall not be commingled with the funds of any Person other Person than the General Partner, except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b10.02(b).
Appears in 10 contracts
Samples: Limited Partnership Agreement (Alpine Income Property Trust, Inc.), Limited Partnership Agreement (Alpine Income Property Trust, Inc.), Limited Partnership Agreement (Global Medical REIT Inc.)
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
(b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretionPartner. The funds of the Partnership shall not be commingled with the funds of any Person other Person than the General Partner except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b).
Appears in 1 contract
Samples: Limited Partnership Agreement (Strawberry Fields REIT, Inc.)
Custody of Partnership Funds; Bank Accounts. (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.
(b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested in any manner determined by the General Partner in its sole discretion. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment permitted by this Section 10.2(b).
Appears in 1 contract
Samples: Limited Partnership Agreement (Fortress Net Lease REIT)
