Common use of Revocable Trusts Clause in Contracts

Revocable Trusts. Notwithstanding anything to the contrary herein contained, it is recognized that certain of the Partners are not persons but are revocable trusts ("Trusts"), the grantors of which ("Grantors"), except for the transfer of their partnership interests to (or the designation of) such Trusts created by them, would be the Partners. Thus, when used herein the phrases "General Partner", "

Appears in 8 contracts

Samples: Article Five (Jones Financial Cos Lp), Jones Financial Companies Lp LLP, Jones Financial Companies Lp LLP

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