Common use of Establishment of Partnership Clause in Contracts

Establishment of Partnership. Roaring Creek and Grassy Cove hereby enter into and form a general partnership under the Act for purposes set forth in this Article II. The rights and obligations of the Partners and the administration of the Partnership will be governed by the terms of this Agreement. The existence and business of the Partnership shall not be affected by the withdrawal of any Partner and the parties shall continue as partners of a partnership under this Agreement until the Partnership terminates pursuant to Article X hereof.

Establishment of Partnership. Roaring Creek and Grassy Cove ---------------------------- hereby enter into and form a general partnership under the Act for the purposes set forth in this Article II. The rights and obligations of the Partners and the administration of the Partnership will be governed by the terms of this Agreement. The existence and business of the Partnership shall not be affected by the withdrawal of any Partner and the parties shall continue as partners of a partnership under this Agreement until the Partnership terminates pursuant to Article X hereof.

Establishment of Partnership. Roaring Creek and Grassy Cove ---------------------------- hereby enter into and form a general partnership under the Act for the purposes set forth in this Article II. The rights and obligations of the Partners and the administration of the Partnership partnership will be governed by the terms of this Agreement. The existence and business of the Partnership shall not be affected by the withdrawal of any Partner and the parties shall continue as partners of a partnership under this Agreement until the Partnership terminates pursuant to Article X hereof.