Partner/Partnership Relationship Sample Clauses

Partner/Partnership Relationship. Nothing contained in this paragraph and no action taken pursuant to its provisions shall create or be construed to create a trust of any kind or a fiduciary relationship between the partnership and the partner, partner's spouse, or beneficiary. Any funds that may be invested to meet the provisions of this agreement will continue for all purposes to be part of the general funds of the partnership, and no person other than the partnership shall have any interest in those funds. To the extent that any person acquires a right to receive payments from the partnership under this agreement, that right will be no greater than the right of any unsecured general creditor of the partnership.
Sample 1
AutoNDA by SimpleDocs

Related to Partner/Partnership Relationship

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • Project partners and partnership agreements 1. A project may be implemented in a partnership between the Project Promoter and project partners as defined in paragraph 1(w) of Article 1.6

  • No Agency, Joint Venture or Partnership The Parties acknowledge and agree that:

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

  • Not Partners Nothing contained in this Agreement shall be construed to make the Parties partners or joint venturers or to render any Party liable for the debts or obligations of any other Party.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • Partner The term “Partner” shall mean any person who is a General Partner or a Limited Partner in the Partnership.

  • Partnership Working 7.1 Partnerships will be supported by local authorities on four levels between:

  • No Partnership, etc The Lenders and Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement, the Notes or in any of the other Credit Facility Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Lenders and Borrower or any other Person.

  • Business Partners Red Hat has entered into agreements with other organizations (“Business Partners”) to promote, market and support certain Software and Services. When Client purchases Software and Services through a Business Partner, Red Hat confirms that it is responsible for providing the Software and Services to Client under the terms of this Agreement. Red Hat is not responsible for (a) the actions of Business Partners, (b) any additional obligations Business Partners have to Client, or (c) any products or services that Business Partners supply to Client under any separate agreements between a Business Partner and Client.

Time is Money Join Law Insider Premium to draft better contracts faster.