Common use of Formation of Limited Partnership Clause in Contracts

Formation of Limited Partnership. The parties hereby enter into a limited partnership (the “Partnership”) under the provisions of the Limited Partnership Act of the State of California, and the rights and liabilities of the Partners shall be provided in that Act except as herein otherwise expressly provided.

Formation of Limited Partnership. The parties hereby enter into a limited partnership (the “Partnership”) under the provisions of the Limited Partnership Act of the State of CaliforniaNevada, and the rights and liabilities of the Partners shall be provided in that Act except as herein otherwise expressly provided.