Common use of Ownership of Partnership Property Clause in Contracts

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.

Appears in 2 contracts

Samples: www.sec.gov, Limited Partnership Agreement (Fiesta Restaurant Group, Inc.)

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Ownership of Partnership Property. All 6.1 The Property and all other real property, including all improvements placed or personal propertylocated thereon, and all rights appurtenant or with respect thereto, personal property acquired by the Partnership shall be owned by the Partnership Partnership, such ownership being subject to the other 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 propertyproperty or any part thereof.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (HF Enterprises Inc.), Agreement of Limited Partnership (SeD Intelligent Home Inc.)

Ownership of Partnership Property. All real or personal property, and all rights appurtenant or with respect thereto, property acquired by --------------------------------- the Partnership shall be deemed to be owned by the Partnership Partnership, such ownership being subject to the other terms and provisions of this Agreement. No Partner , and no Partner, individually, shall have an ownership interest in specific property of the Partnershipsuch property. Each Partner hereby expressly waives the right to require partition of any Partnership propertyproperty or any part thereof.

Appears in 1 contract

Samples: Agreement (Canaan Energy Corp)

Ownership of Partnership Property. All real or personal and personal, tangible and intangible property, securities, interests and all rights appurtenant or with respect thereto, other assets acquired by the Partnership shall be owned by the Partnership Partnership, subject to the other terms and provisions of this Agreement. No Partner individually shall have an any ownership interest of such property. Said property shall be held and conveyed in specific property the name of the Partnership or in the name of the Partners or other nominee, designated by the Managing Partner, as trustee for the Partnership. Each Partner hereby expressly waives the right to require partition of any Partnership propertyproperty or any part thereof.

Appears in 1 contract

Samples: General Partnership Agreement (Coastal Paper CO)

Ownership of Partnership Property. 6.1 All real property, including all improvements placed or personal propertylocated thereon, and all rights appurtenant or with respect thereto, personal property acquired by the Partnership shall be owned by the Partnership Partnership, such ownership being subject to the other 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 propertyproperty or any part thereof. No Partner shall use any portion of the Partnership property for unauthorised use.

Appears in 1 contract

Samples: Limited Partnership Agreement

Ownership of Partnership Property. All real or personal property, and all rights appurtenant or with respect thereto, property acquired by the --------------------------------- Partnership shall be deemed to be owned by the Partnership Partnership, such ownership being subject to the other terms and provisions of this Agreement. No Partner , and no Partner, individually, shall have an ownership interest in specific property of the Partnershipsuch property. Each Partner hereby expressly waives the right to require partition of any Partnership propertyproperty or any part thereof.

Appears in 1 contract

Samples: Partnership Agreement (Canaan Energy Corp)

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Ownership of Partnership Property. 6.1 All real or personal property, and including all rights appurtenant improvements placed or with respect theretolocated on the property, acquired by the Partnership shall be owned by the Partnership subject to the terms and provisions of this AgreementPartnership. No A Partner shall have an ownership no interest in specific property of the Partnership. Each Partner hereby expressly waives the right to require partition of any Partnership propertyproperty or any part thereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Environmental Power Corp)

Ownership of Partnership Property. All real or personal property, and all rights appurtenant or with respect thereto, property acquired by the Partnership shall be owned by the Partnership Partnership, such ownership being, subject to the other 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 propertyproperty or any part thereof.

Appears in 1 contract

Samples: Partnership Agreement (Broadway Series Management Group Inc)

Ownership of Partnership Property. All real or personal propertyNotwithstanding any other provision of this Agreement and so long as any obligation secured by the Mortgage remains outstanding and not discharged in full, and all rights appurtenant or with respect thereto, acquired property owned by the Partnership shall be owned by the Partnership subject to the terms and provisions of this Agreement. No as an entity and, insofar as permitted by applicable law, no Partner shall have an any ownership interest in specific property of the Partnership. Each Partner hereby expressly waives the right to require partition of any Partnership propertyproperty in its individual name or right, and each Partner's Partnerships Interest shall be personal property for all purposes.

Appears in 1 contract

Samples: Casa Munras Hotel Partners L P

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