Common use of Partnership Property Clause in Contracts

Partnership Property. All Partnership Property shall be owned by the Partnership as an entity, and no Partner shall have any ownership interest in any Partnership Property in its individual name or right. The Partnership shall hold all of the Partnership Property in the name of the Partnership and not in the name of any Partner. Each Partner's interest in the Partnership shall be personal property for all purposes.

Partnership Property. All Partnership Property shall be property owned by the Partnership as an entityshall be held in the name of the Partnership (or in the name of a nominee for the Partnership) and not in the names of the individual Partners, and no Partner shall have any individual ownership interest rights in any Partnership Property in its individual name or right. The Partnership shall hold all of the Partnership Property in the name of the Partnership and not in the name of any such property except for property rights as a Partner. Each Partner's interest in the Partnership shall be personal property for all purposes.

Partnership Property. All Partnership Property shall be deemed to be owned by the Partnership as an entity, and no Partner Partner, individually or collectively, shall have any ownership interest in any such Partnership Property in its individual name or rightany portion thereof. The Partnership shall hold Title to any or all of the Partnership Property may be held in the name of the Partnership or one or more nominees, as the Partners may determine. All Partnership Property shall be recorded as the property of the Partnership on its books and not in records, irrespective of the name of any Partner. Each Partner's interest in the which legal title to such Partnership shall be personal property for all purposesProperty is held.