Common use of Title to Partnership Assets Clause in Contracts

Title to Partnership Assets. Title to all Partnership Assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be held by the Partnership as an entity, and no Partner, individually or collectively, shall have any ownership interest in the Partnership Assets or any portion thereof. Title to any or all of the Partnership Assets may be held in the name of the Partnership, the General Partner or one or more nominees, as the General Partner may determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership Asset for which legal title is held in the name of the General Partner or any nominee or Affiliate of the General Partner shall be held by the General Partner for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, that the General Partner shall use reasonable efforts to cause beneficial and record title to such assets to be vested in the Partnership as soon as reasonably practicable. All Partnership Assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which legal title to such Partnership Assets is held.

Title to Partnership Assets. Title to all Partnership Assetsassets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be held owned by the Partnership as an entity, and no PartnerPartners, individually or collectively, shall have any ownership interest in the such Partnership Assets assets or any portion thereof. Title to any or all of the Partnership Assets assets may be held in the name of the Partnership, the General Partner or one or more nominees, as the General Partner may determinedetermine in its sole and absolute discretion, including Affiliates any Affiliate of the General Partner. The General Partner hereby declares and warrants that any Partnership Asset assets for which legal title is held in the name of the General Partner or any nominee or Affiliate of the General Partner shall be held by the General Partner for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, however, that the General Partner shall use its commercially reasonable efforts to cause beneficial and record title to such assets to be vested in the Partnership as soon as reasonably practicable. All Partnership Assets assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which legal title to such Partnership Assets assets is held.

Title to Partnership Assets. Title to all Partnership Assetsassets, whether real, personal personal, or mixed and whether tangible or intangible, shall be deemed to be held owned by the Partnership as an entity, and no Partner, individually or collectively, shall have any ownership interest in the such Partnership Assets assets or any portion thereof. Title to any or all of the Partnership Assets assets may be held in the name of the Partnership, the General Partner Partner, or one or more nominees, as the General Partner may determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership Asset asset for which legal title is held in the name of the General Partner or any nominee or Affiliate of the General Partner shall be held by the General Partner or such nominee or Affiliate for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, that the General Partner shall use reasonable efforts to cause beneficial and record title to such assets to be vested in the Partnership as soon as reasonably practicable. All Partnership Assets assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which legal title to such Partnership Assets assets is held.

Title to Partnership Assets. Title to all Partnership Assetsassets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be held owned by the Partnership as an entity, and no Partner, individually or collectively, shall have any ownership interest in the such Partnership Assets assets or any portion thereof. Title to any or all of the Partnership Assets assets may be held in the name of the Partnership, the General Partner Partner, IRET or one or more nominees, as the General Partner may determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership Asset assets for which legal title is held in the name of the General Partner or any nominee or Affiliate of the General Partner shall be held by the General Partner for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, however, that the General Partner shall use reasonable its best efforts to cause beneficial and record title to such assets to be vested in the Partnership as soon as reasonably practicable. All Partnership Assets assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which legal title to such Partnership Assets assets is held.

Title to Partnership Assets. Title to all Partnership Assetsassets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be held owned by the Partnership as an entity, and no Partner, individually or collectively, shall have any ownership interest in the such Partnership Assets assets or any portion thereof. Title to any or all of the Partnership Assets assets may be held in the name of the Partnership, the General Partner or one or more nominees, as the General Partner may determinedetermine in its sole and absolute discretion, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership Asset assets for which legal title is held in the name of the General Partner or any nominee or Affiliate of the General Partner shall be held by the General Partner for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, however, that the General Partner shall use reasonable efforts to cause beneficial and record title to such assets to be vested in the Partnership as soon as reasonably practicable. All Partnership Assets assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which legal title to such Partnership Assets assets is held.