Deposit of Partnership Funds Sample Clauses

Deposit of Partnership Funds. All Partnership funds shall be deposited in the Partnership’s name in (i) federally-insured bank accounts or (ii) in other highly-rated short-term investments with recognized, suitable depositories (all items in (ii) shall qualify as cash, cash items, or Government securities), and shall be segregated and not commingled with the funds of any other Person. Withdrawals from Partnership accounts shall be made on the signature of a duly authorized agent of the General Partner.
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Deposit of Partnership Funds. Venture funds shall be deposited in the name of the Venture in one or more savings or bank accounts or the account of some other financial institution to be designated by the Partners and shall be withdrawn by checks made in the name of Venture and signed as may be determined from time to time by the Partners.
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Deposit of Partnership Funds. All revenues, assessments, bank ---------------------------- loan proceeds and other receipts will be deposited and maintained in such account or accounts and all expenses, costs and the like will be paid from such account or accounts by the General Partner for Partnership purposes. Partnership revenue and proceeds of borrowings by the Partnership will be maintained on deposit (including time deposits) in such account or accounts, with or without interest, or invested in short-term governmental securities, certificates of deposit, or commercial paper as the General Partner, in its reasonable discretion, deems advisable. Partnership funds on deposit shall be withdrawn on the signature or oral authorization of the General Partner or such other person or persons as the General Partner shall authorize. Any interest or other income generated by such deposits or investments will be for the Partnership's account. Partnership funds from any of the various sources mentioned above may not be commingled with the separate funds of the General Partner or its Affiliates or any other person, partnership or entity, and may be withdrawn, expended and distributed only as authorized by the terms and provisions of this Agreement.
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Deposit of Partnership Funds. All revenues, assessments, loan proceeds, and other receipts of the Partnership will be maintained on deposit in interest-bearing and non-interest bearing accounts and other investments as the General Partner deems appropriate. Any interest or other income generated by the Partnership's deposits or investments will be for the Partnership's account. Partnership funds from any of the various sources mentioned above may be commingled with other Partnership funds, and may be withdrawn, expended, and distributed as authorized by this Agreement. The Partnership shall not commingle Partnership funds with the separate funds of the Partners, their Affiliates, or any other Person.
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Deposit of Partnership Funds. All revenues, assessments, bank loan proceeds and other receipts will be deposited and maintained in an account or accounts established by the General Partner for Partnership purposes, and all expenses, costs and the like will be paid from such account or accounts. Partnership revenue and proceeds of borrowing by the Partnership will be maintained on deposit (including time deposits) in interest-bearing and non-interest bearing bank deposits, money market funds, government obligations, short-term debt securities, short-term commercial paper and such long-term debt securities or preferred stock in which a member of the New York Stock Exchange makes a regular market as the General Partner deems appropriate. Any interest or other income generated by such deposits or investments will be for the Partnership’s account. Partnership funds from any of the various sources mentioned above may be commingled with other Partnership funds, but not with separate funds of the General Partner or any of its Affiliates or any other Person, and may be withdrawn, expended and distributed only as authorized by the terms and provisions of this Agreement.
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Deposit of Partnership Funds. All revenues, assessments, loan proceeds, and other receipts of the Partnership shall be maintained on deposit in interest-bearing and non-interest bearing accounts and other investments as the Managing Partner deems appropriate. Any interest or other income generated by the Partnership's deposits or investments will be for the
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Related to Deposit of Partnership Funds

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

  • 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.

  • CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Organizational Contributions; Contributions by the General Partner and its Affiliates 40 Section 5.2 Contributions by Initial Limited Partners 41 Section 5.3 Interest and Withdrawal 41 Section 5.4 Capital Accounts 41 Section 5.5 Issuances of Additional Partnership Interests and Derivative Instruments 45 Section 5.6 Conversion of Subordinated Units 46 Section 5.7 Limited Preemptive Right 47 Section 5.8 Splits and Combinations 47 Section 5.9 Fully Paid and Non-Assessable Nature of Limited Partner Interests 48 Section 5.10 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights 48 Section 5.11 Establishment of Series A Preferred Units 50 Section 5.12 Deemed Capital Contributions 63 ARTICLE VI

  • Deposit of Rollover Shares No later than five (5) Business Days prior to the Closing, each Shareholder and any agent of such Shareholder holding certificates evidencing any of the Rollover Shares shall deliver or cause to be delivered to Parent all certificates representing the Rollover Shares in such Person’s possession, for disposition in accordance with the terms of this Agreement; such certificates and documents shall be held by Parent or any agent authorized by Parent until the Closing.

  • Transfer of General Partner’s Partnership Interest A. Except in connection with a Termination Transaction permitted under Section 11.2.B, the General Partner shall not withdraw from the Partnership and shall not transfer all or any portion of its interest in the Partnership (whether by sale, statutory merger or consolidation, liquidation or otherwise), other than to an Affiliate, without the Consent of the Limited Partners, which may be given or withheld by each Limited Partner in its sole and absolute discretion, and only upon the admission of a successor General Partner pursuant to Section 12.1. Upon any transfer of a Partnership Interest in accordance with the provisions of this Section 11.2, the transferee shall become a substitute General Partner for all purposes herein, and shall be vested with the powers and rights of the transferor General Partner, and shall be liable for all obligations and responsible for all duties of the General Partner, once such transferee has executed such instruments as may be necessary to effectuate such admission and to confirm the agreement of such transferee to be bound by all the terms and provisions of this Agreement with respect to the Partnership Interest so acquired. It is a condition to any transfer otherwise permitted hereunder that the transferee assumes, by operation of law or express agreement, all of the obligations of the transferor General Partner under this Agreement with respect to such transferred Partnership Interest, and no such transfer (other than pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the transferor General Partner are assumed by a successor corporation by operation of law) shall relieve the transferor General Partner of its obligations under this Agreement without the Consent of the Limited Partners, in their reasonable discretion. In the event the General Partner withdraws from the Partnership, in violation of this Agreement or otherwise, or otherwise dissolves or terminates, or upon the Incapacity of the General Partner, all of the remaining Partners may elect to continue the Partnership business by selecting a substitute General Partner in accordance with the Act.

  • Revisions to Allocations to Reflect Issuance of Partnership Interests If the Partnership issues Partnership Interests to the General Partner or any additional Limited Partner pursuant to Article IV, the General Partner shall make such revisions to this Article 6 and Exhibit B as it deems necessary to reflect the terms of the issuance of such Partnership Interests, including making preferential allocations to classes of Partnership Interests that are entitled thereto. Such revisions shall not require the consent or approval of any other Partner.

  • Redemption of Partnership Interests of Non-citizen Assignees (a) If at any time a Limited Partner or Assignee fails to furnish a Citizenship Certification or other information requested within the 30-day period specified in Section 4.9(a), or if upon receipt of such Citizenship Certification or other information the General Partner determines, with the advice of counsel, that a Limited Partner or Assignee is not an Eligible Citizen, the Partnership may, unless the Limited Partner or Assignee establishes to the satisfaction of the General Partner that such Limited Partner or Assignee is an Eligible Citizen or has transferred his Partnership Interests to a Person who is an Eligible Citizen and who furnishes a Citizenship Certification to the General Partner prior to the date fixed for redemption as provided below, redeem the Partnership Interest of such Limited Partner or Assignee as follows:

  • Redemption of Partnership Interests of Ineligible Holders (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any other information requested within the period of time specified in Section 4.9, or if upon receipt of such Eligibility Certificate or other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

  • Certificates Describing Partnership Units At the request of a Limited Partner, the General Partner, at its option, may issue a certificate summarizing the terms of such Limited Partner's interest in the Partnership, including the number of Partnership Units owned and the Percentage Interest represented by such Partnership Units as of the date of such certificate. Any such certificate (i) shall be in form and substance as approved by the General Partner, (ii) shall not be negotiable and (iii) shall bear the following legend: This certificate is not negotiable. The Partnership Units represented by this certificate are governed by and transferable only in accordance with the provisions of the Agreement of Limited Partnership of United Dominion Realty, L.P., as amended from time to time.

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

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