Common use of Nature of Partners’ Interests Clause in Contracts

Nature of Partners’ Interests. The interests of the Partners in the Partnership will be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to be owned by the Partnership as an entity, and no Partner, individually or otherwise, will have any ownership interest in such property.

Appears in 20 contracts

Samples: And Restated Agreement (Teebank Family LTD Partnership), Trager Steve, Gilman Sheldon G

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Nature of Partners’ Interests. The interests of the Partners in the Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or otherwiseas an individual, will shall have any an ownership interest in such property.. 1.7

Appears in 5 contracts

Samples: Performance Asset Management Co, Performance Asset Management Co, Performance Asset Management Co

Nature of Partners’ Interests. The interests of the Partners in the Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to shall be owned by the Partnership as an entity, entity and no Partner, individually or otherwiseindividually, will shall have any ownership interest in of such property.

Appears in 3 contracts

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

Nature of Partners’ Interests. The interests of the Partners in the ----------------------------- Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to shall be owned by the Partnership as an entity, entity and no Partner, individually or otherwiseindividually, will shall have any ownership interest in of such property.

Appears in 3 contracts

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Certificate and Agreement (Flanigans Enterprises Inc), Certificate and Agreement (Flanigans Enterprises Inc)

Nature of Partners’ Interests. The interests interest of the Partners partners in the Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will shall be deemed to be owned by the Partnership as an entity, and no Partnerpartner, individually or otherwiseindividually, will shall have any ownership interest in of such property.

Appears in 2 contracts

Samples: Strategic Timber Trust Inc, Strategic Timber Trust Inc

Nature of Partners’ Interests. The interests of the Partners in the Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to shall be owned by the Partnership as an entity, entity and no Partner, individually or otherwiseindividually, will shall have any ownership interest in of such property. 2.8 Non-Partition. No Partner shall be entitled to seek partition of any Partnership property.

Appears in 1 contract

Samples: Certificate and Agreement (Flanigans Enterprises Inc)

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Nature of Partners’ Interests. The interests of the Partners in the Partnership will shall be personal property for all purposes. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to shall be owned by the Partnership as an entity, and no Partner, Partner individually or otherwise, will shall have any ownership interest in of such property.. ARTICLE III

Appears in 1 contract

Samples: Ws Financing Corp

Nature of Partners’ Interests. The Partners’ interests of the Partners in the Partnership will be are personal property for all purposesproperty. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to be Partnership assets are owned by the Partnership as an entity, entity and no Partner, individually or otherwiseindividually, will have has any ownership interest in of such propertyassets.

Appears in 1 contract

Samples: DG Retail, LLC

Nature of Partners’ Interests. The interests of the Partners in the Partnership will be personal property for all purposesproperty. All property owned by the Partnership, whether real or personal, tangible or intangible, or mixed, will be deemed to be owned by the Partnership as an entity, and no Partner, individually or otherwise, will have any ownership interest in such property.

Appears in 1 contract

Samples: Trager Bernard M

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