THE PARTNERSHIPS Sample Clauses
The "THE PARTNERSHIPS" clause defines the nature and structure of the collaborative relationship between the parties involved. It typically outlines the roles, responsibilities, and contributions of each partner, as well as the scope and objectives of the partnership. For example, it may specify how profits and losses are shared, decision-making processes, and the duration of the partnership. The core function of this clause is to establish clear expectations and guidelines for cooperation, thereby minimizing misunderstandings and disputes between the partners.
THE PARTNERSHIPS. 50 General................................ 50 The Drilling Partnerships.............. 50 The Income Partnerships................ 51
THE PARTNERSHIPS. The Hod Hasharon Partnership and the Ramat Hahayal Partnership, jointly or severally, respectively and as relevant.
THE PARTNERSHIPS. The Sellers shall have obtained the written consent of all of the owners of the limited partnership interests of each Partnership to the sale of all of the assets of such Partnership by its general partner on behalf of the Partnership. Moreover, the Sellers shall have agreed in writing that they shall indemnify and hold Purchaser and the Company harmless from any and all liability of whatever kind or nature to the limited partners of each Partnership including but not limited to any liability resulting from the sale of the Partnership assets as herein provided, any liability for securities law violations, or any liability as to the operation of the Partnership. Such indemnification shall not be subject to the Indemnification Threshold (as defined in