Common use of Formation of the Partnership Clause in Contracts

Formation of the Partnership. The General Partners and the Original Limited Partner hereby agree to form and by execution of this Agreement do hereby enter into a limited partnership under the Delaware Act, which Act, as amended, and any successor statutes thereto, shall govern the rights and liabilities of the parties hereto.

Formation of the Partnership. The General Partners and the Original Initial Limited Partner hereby agree to form and by execution of this Agreement do hereby enter into the Partnership as a limited partnership organized under the Delaware Act, which Act, as amended, and any successor statutes theretothereto pursuant to Section 3.11, and this Agreement shall govern the rights and liabilities of the parties heretoand their successors in interest.