Ownership of Partnership Property. All real or personal property, including all improvements placed or located thereon, acquired by the Partnership shall be owned by and in the name of the Partnership, such ownership being subject to the other terms and provisions of this Agreement.
Ownership of Partnership Property. All real or personal property, and all rights appurtenant or with respect thereto, acquired by the Partnership shall be owned by the Partnership subject to the terms and provisions of this Agreement. No Partner shall have an ownership interest in specific property of the Partnership. Each Partner hereby expressly waives the right to require partition of any Partnership property.
Ownership of Partnership Property. Legal title to all of the Partnership Property shall at all times be considered to be vested in the Partnership, except that the Board of Directors shall have the power to cause legal title to any Partnership Property to be held by or in the name of any Person as nominee, on such terms as the Board of Directors may determine, in accordance with applicable law.
Ownership of Partnership Property. The interest of a Partner in the Partnership does not represent or include an undivided interest or other direct real or personal interest in the Partnership property except for such interest in such property or assets as may be distributed to Partners as a result of dissolution or winding-up of the Partnership.
Ownership of Partnership Property. Legal title to all of the Partnership Property shall at all times be considered to be vested in the Partnership, except that the Board shall have the power to cause legal title to any Partnership Property to be held by or in the name of any Person as nominee or trustee, in street name or in such other manner as the Board may, from time to time, deem advisable in accordance with applicable law. The Board may hold any assets of the Partnership in bearer form and deposit any securities, assets or other property with a custodian or in a depository, clearing corporation or similar corporation, either domestic or foreign, including with or in the Adviser or any Affiliate thereof, and may deposit or invest any cash or other assets in one or more money market mutual funds or other accounts of any Person.
Ownership of Partnership Property. The interest of each Partner in the Partnership shall be personal property for all purposes. All real and other property owned by the Partnership shall be deemed owned by the Partnership as Partnership property. No Partner, individually, shall have any direct ownership of such property and title to such property shall be held in the name of the Partnership.
Ownership of Partnership Property. All Property shall be owned by and in the name of the Partnership. Each Partner expressly waives the right to require partition of any Property. The Partners shall execute any documents that may be necessary to reflect the Partnership's ownership of its Property and shall record the documents in the public offices that may be necessary or desirable in the discretion of the Partners. No Partner shall have the right or power to demand or receive Property other than cash in return for his contribution.
Ownership of Partnership Property. 6.1 All real or personal property, including all improvements placed or located on such property, acquired by the partnership shall be owned by the partnership, such ownership being subject to the other terms and provisions of this Agreement. Each partner hereby expressly waives the right to require partition of any partnership property or any part of that property. Copyright - Four Pillars Education, Inc.
Ownership of Partnership Property. All Partnership Property ---------------------------------------- shall be deemed owned by the Partnership as an entity, and no Partner, individually, shall have any ownership interest in the Partnership Property. All Partnership Property shall be held and conveyed in the name of the Partnership, unless the General Partner determines that the Partnership Property should be acquired and conveyed in the name of one or more Person or Persons as nominee for the Partnership.
Ownership of Partnership Property. 6.01 All real or personal property, including all improvements placed or located thereon, acquired by the Partnership shall be owned by the Partnership, such ownership being subject to the other terms and provisions of this Agreement. Subject to the provisions of Paragraphs 4.06 and 4.07 above, each Partner hereby expressly waives the right to require partition of any Partnership Property or any part thereof prior to the termination of the MEMORANDUM TRACKING ACCOUNT.
6.02 It is also expressly agreed and understood by the Partners hereto that any contribution to the Partnership and any acceptance of property into the Partnership shall be property that constitutes the sole and separate property of each individual Partner. Any cash or monies held by the Partnership in Partnership accounts shall be the sole and separate property of each Partner to this Agreement.
