Common use of LEGAL TITLE TO PARTNERSHIP PROPERTY Clause in Contracts

LEGAL TITLE TO PARTNERSHIP PROPERTY. Legal title to the property of the Partnership shall be held in the name of or in such other name or manner as the Partners shall determine to be in the best interest of the Partnership. Without limiting the foregoing grant of authority, the Partners may arrange to have title taken and held in their own names or in the names of trustees, nominees or straw parties for the Partnership. It is expressly understood and agreed that the manner of holding title to property (or any part thereof) of the Partnership is solely for the convenience of the Partnership, and that all such property shall be treated as Partnership property subject to the terms of this Agreement.

LEGAL TITLE TO PARTNERSHIP PROPERTY. Legal title to the property of the Partnership shall be owned by the Partnership as an entity and be held in the name of or in such other name or manner as the Partners shall determine to be in the best interest of the Partnership. Without limiting the foregoing grant No Partner, individually or collectively, shall be a co-owner of authority, the Partners may arrange to Partnership property or have title taken and held any interest in their own names or in the names of trustees, nominees or straw parties for the Partnershipspecific Partnership property. It is expressly understood and agreed that the Any other manner of holding title to property (or any part thereof) of to which the Partnership is Partners may agree shall be solely for the convenience of the Partnership, and that all such property shall be treated as Partnership property subject to the terms of this Agreement.

LEGAL TITLE TO PARTNERSHIP PROPERTY. Legal title to the property of the Partnership shall be held in the name of the Partnership as stated 2.3 above or in such other name or manner as the Partners shall determine to be in the best interest of the Partnershipdetermine. Without limiting the foregoing grant of authority, It is contemplated that the Partners may arrange agree to have title to Partnership Property taken and held in their own names or in the names of trustees, trustees or nominees or straw parties for the Partnership. It is expressly understood and agreed that the , but such manner of holding title to property (or any part thereof) of the Partnership is shall be solely for the convenience of the Partnership, Partnership and that all such property shall be treated as Partnership property Property subject to the terms of this Agreement.