Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Persons, shall have any ownership interest in such 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 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 or such nominee or Affiliate for the use and benefit of the Partnership in accordance with the provisions of this Agreement. 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.
Appears in 47 contracts
Samples: Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Rexford Industrial Realty, Inc.)
Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no PartnerPartners, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in such 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 determinedetermine in its sole and absolute discretion, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership 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 (or such nominee or Affiliate other entity) 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 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.
Appears in 7 contracts
Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (JBG SMITH Properties)
Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in such Partnership assets or any portion thereof. Title ; provided, that 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 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 or such nominee or Affiliate Person for the use and benefit of the Partnership in accordance with the provisions of this Agreement; provided, that the General Partner shall use its commercially reasonable efforts to cause legal 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.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Plymouth Industrial REIT Inc.), Agreement of Limited Partnership (Plymouth Industrial REIT Inc.), Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)
Title to Partnership Assets. Title to Partnership assetsAssets, whether real, personal or mixed and whether mixed, or tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in 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, of the Managing General Partner or of one or more nominees, as the Managing General Partner may determine, including Affiliates of the General Partner. The Managing General Partner hereby declares and warrants that any Partnership assets Assets for which legal title is held in the name of the General Partner or any nominee or Affiliate of the Managing General Partner shall be held in trust by the Managing General Partner or such nominee or Affiliate for the use and benefit of the Partnership in accordance with the terms or provisions of this Agreement. All Partnership assets Assets shall be recorded as the property of the Partnership in on its books and records, irrespective of the name in which legal title to such Partnership assets Assets is held.
Appears in 2 contracts
Samples: Limited Partnership Agreement (U S Restaurant Properties Inc), Limited Partnership Agreement (U S Restaurant Properties Inc)
Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Persons, shall have any ownership interest in such 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 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 assets for which legal title is held in the name of the General Partner 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. 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.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brixmor Operating Partnership LP)
Title to Partnership Assets. Title to Partnership assetsAssets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in 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 determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership assets 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 deemed 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. All Partnership assets Assets shall be recorded as the property of the Partnership in on its books and records, irrespective of the name in which legal title to such Partnership assets Assets is held.
Appears in 1 contract
Samples: Limited Partnership Agreement (Bellingham II Associates, L.L.C.)
Title to Partnership Assets. Title to Partnership assetsthe assets of the Partnership, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entityentirety, and no Partner, Partner individually or collectively with other Partners or Persons, shall have any ownership interest in such the assets of the Partnership assets or any portion thereof. Title to any or all of the Partnership Partnership's assets may shall be held in the name of the Partnership, the General Partner for the benefit of the Partnership or one or more nominees, in such other names as the General Partner may determine, including Affiliates of the General Partnerdetermine from time to time. The General Partner hereby declares and warrants that any assets of the Partnership assets for of which legal title is held in the name of the General Partner or in any nominee or Affiliate of the General Partner other name shall be held by the General Partner or such nominee or Affiliate that Person as agent of the Partnership for the use and benefit of the Partnership in accordance with the provisions of this Agreement. All of the assets of the Partnership assets shall be recorded as the property of the Partnership in on its books and records, irrespective of the name in which legal title to such Partnership assets is held.
Appears in 1 contract
Samples: Limited Partnership Agreement (Cinram International Income Fund)
Title to Partnership Assets. Title to Partnership assetsAssets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no PartnerPartner or Assignee, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in 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 determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership assets Assets for which legal record 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. 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.Partnership
Appears in 1 contract
Samples: Limited Partnership Agreement (Felcor Lodging Trust Inc)
Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Persons, shall have any ownership interest in 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 determine, including Affiliates of the General PartnerParent. The General Partner hereby declares and warrants that any Partnership assets 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 or such nominee or Affiliate for the use and benefit of the Partnership in accordance with the provisions of this Agreement. 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 is held.
Appears in 1 contract
Samples: Limited Partnership Agreement (Preston Hollow Community Capital, Inc.)
Title to Partnership Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no PartnerPartners, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in such 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 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 deemed 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. All Partnership assets ; provided, however, that the General Partner shall be recorded as the property of the Partnership in -------- ------- use its books best efforts to cause beneficial and records, irrespective of the name in which legal record title to such assets to be vested in the Partnership assets is held.as soon as reasonably
Appears in 1 contract
Title to Partnership Assets. Title to All Partnership assetsAssets, whether real, real or personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively with other Partners or Personscollectively, shall have any ownership interest in 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 m ore nominees, as the General Partner may determine, including Affiliates of the General Partner. The General Partner hereby declares and warrants that any Partnership assets 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 in trust by the General Partner or such nominee or Affiliate for the use and benefit of the Partnership in accordance with the terms and provisions of this Agreement; provided, however, that the General Partner shall use 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 on its books and records, irrespective of the name in which legal title to such Partnership assets Assets is held.
Appears in 1 contract
Samples: Limited Partnership Agreement (Kaneb Pipe Line Operating Partnership Lp)