Partnership Contracts Sample Clauses
A Partnership Contracts clause defines the terms and conditions under which two or more parties agree to collaborate in a business venture. It typically outlines each partner’s roles, responsibilities, capital contributions, profit and loss sharing arrangements, and decision-making processes. For example, it may specify how new partners can be admitted, how disputes are resolved, or how the partnership can be dissolved. The core function of this clause is to establish clear expectations and legal obligations among partners, thereby reducing the risk of misunderstandings and disputes during the course of the partnership.
Partnership Contracts. The Managing General Partner may enter into agreements and contracts on behalf of the Partnership only if they are in writing and clearly indicate to the other parties that the Partnership is a general partnership of which the Managing General Partner is a general partner.
Partnership Contracts. All contracts undertaken by the Partnership shall be executed by the General Partner and in such contracts the Partnership shall be identified as a limited partnership. The Partners shall promptly execute (with acknowledgment, if required) at the request of the General Partner, any and all instruments necessary or appropriate to ratify or confirm the authority of the General Partner hereunder.
Partnership Contracts. 18 6.5 Expenses.............................................................19 6.6
Partnership Contracts. (a) Schedule 2.25(a) sets forth a complete and accurate list of each agreement (whether written or oral and including all amendments thereto) relating to the Business or to which the Partnership is a party or a beneficiary or by which the Partnership or any of its assets is bound (collectively, the "Partnership Contracts"), including without limitation the following: (i) all payor and provider contracts with any of the Payors; (ii) management or similar or related agreements; (iii) agreements pursuant to which the Partnership sells or distributes any services or products; (iv) real property leases; (v) capital or operating leases or conditional sales agreements relating to vehicles, equipment or other assets of the Partnership; (vi) agreements evidencing, securing or otherwise relating to any indebtedness for borrowed money for which the Partnership is liable; (vii) agreements pursuant to which the Partnership is entitled or obligated to acquire any assets from a third Person; (viii) insurance policies; (ix) employment, consulting, noncompetition, separation, collective bargaining, union or labor agreements or arrangements; and (x) agreements with or for the benefit of any equityholder, manager, director, officer or employee of the Partnership or any Affiliate or immediate family member thereof.
(b) The Seller has delivered to the Buyers a copy of each written Partnership Contract and a detailed written summary of each oral Partnership Contract. Except as described in Schedule 2.25(b), (i) each Partnership Contract is valid, binding and in full force and effect and enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors' rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity); (ii) the Partnership has performed all of its obligations that have become due under any Partnership Contract to which it is a party, and there exists no breach or default (or event that with notice or lapse of time would constitute a breach or default) on the part of the Partnership or any other Person under any Partnership Contract; (iii) there has been no termination or notice of default or, to the Knowledge of the Seller or ▇▇▇▇▇▇, any threatened termination under any Partnership Contract; and (iv) to the Knowledge of the Seller or ▇▇▇▇▇▇, no party to...
Partnership Contracts. The Partnership neither has nor is bound by any agreement, contract, obligation, lease or commitment that would have a material adverse effect on the Partnership or this Agreement or that could not be cancelled without penalty upon 30 days notice. Each agreement, contract, obligation, lease and commitment of the Partnership is in full force and effect and there exists no default or event of default or event, occurrence, condition or act (including the sale of the Purchased Interests hereunder) which, with the giving of notice, the lapse of time or the happening of any other event or condition, would become a default or event of default thereunder. The Partnership has not violated any of the terms or conditions of any agreement, contract, obligation, lease or commitment in any material respect, and, to the best knowledge, information and belief of the Partnership and the Sellers, all of the covenants to be performed by any other party thereto have been performed in all material respects.
Partnership Contracts. Partnership Contracts" shall mean any Contract (a) to which the Partnership is a party; (b) by which the Partnership, the Partnership Interests or any of the Assets is or may become bound or under which the Partnership has, or may become subject to any obligations; (c) under which the Partnership has or may acquire any right or interest.
Partnership Contracts. 6 Section 1.19
Partnership Contracts. Each of the Partnerships has settled pursuant to valid and enforceable settlement agreements all Liabilities of each such Partnership on terms such that none of the Remaining Subsidiaries has any Liability with respect to the Liabilities of the Partnerships. Neither the Company nor any of the Remaining Subsidiaries has any Liability for any of the Liabilities of any Partnership.