Common use of Purposes of the Partnership Clause in Contracts

Purposes of the Partnership. The objects and purposes of the Partnership are to engage in any lawful business activities in which a partnership formed under the Act may engage or participate, with its primary objects and purposes being, either as a partner in a partnership or joint venture or otherwise, to purchase, own, maintain, mortgage, encumber, construct, develop, equip, manage, lease, finance, operate, dispose of or otherwise deal with real property, interests in real property or mortgages secured by real property.

Purposes of the Partnership. The objects and purposes of the Partnership are to engage in any lawful business activities in which a partnership formed under the Act may engage or participate, with its primary objects objectives and purposes being, either as a partner in a partnership or joint venture or otherwise, to purchase, own, maintain, mortgage, encumber, construct, develop, equip, manage, lease, finance, operate, dispose of or otherwise deal with real property, interests in real property or mortgages secured by real property.