Title to Partnership Property. All property owned by the Partnership, whether real or personal, tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually, shall have any ownership of such property. The Partnership shall hold its assets in its own name, except that its interests in Leases may be held in the name of the Program Manager as contemplated by the Program Agreement.
Title to Partnership Property. All assets shall be deemed to be owned by the Partnership as an entity, and no Partner, individually, shall have any ownership of such property.
Title to Partnership Property. Legal title to all of the Partnership’s property shall be held in such manner as the General Partner determines to be in the best interests of the Partnership. Each Limited Partner acknowledges and agrees that the manner of holding title to Partnership property is solely for the convenience of the Partnership, and, accordingly, neither the Partners nor their legal representatives, beneficiaries, distributees, successors or assignees shall have any right, title or interest in or to any such Partnership property by reason of the manner in which title is held, but all such property shall be treated as Partnership property subject to the terms of this Agreement.
Title to Partnership Property. All Partnership Property shall be owned by the Partnership as an entity and no Partner shall have any ownership interest in such Partnership Property in its individual name or right, and each Partner’s interest in the Partnership shall be personal property for all purposes. Except as otherwise provided in this Agreement, the Partnership shall hold all of its property in the name of the Partnership and not in the name of any Partner.
Title to Partnership Property. All Partnership Property shall be owned by the Partnership as an entity and no Partner shall have any ownership interest in such property in its individual name or right, and each Partner's interest in the Partnership shall be personal 8 property for all purposes. The Partnership shall hold all of its property in the name of the Partnership and not in the name of any Partner.
Title to Partnership Property. If for purposes of confidentiality, title to Partnership property is taken in the name of a nominee or of any individual Partner, the assets shall be considered to be owned by the Partnership and all beneficial interests shall accrue to the Partners in the percentages set forth in this Agreement.
Title to Partnership Property. To the extent that Property is held in the name of a Partner, the Property shall be deemed held by that Partner as agent and nominee for and on behalf of the Partnership. Any other property acquired by or standing in the name of any Partner shall be conclusively presumed not to be Property, unless an instrument in writing, signed by such Partner, shall specify to the contrary.
Title to Partnership Property. Legal title to all property of the Partnership shall be held and conveyed in the name of the Partnership.
Title to Partnership Property. It is the desire and intention that legal title to all property of the Partnership shall be held and conveyed in the name of the Partnership.
Title to Partnership Property. Legal title to Partnership Properties may be held: (a) by the Managing Partner in trust for and for the sole benefit of the Partnership; (b) if transferred by a Partner to the Partnership, by the transferring Partner in trust for and for the sole benefit of the Partnership; (c) to the extent permitted under Applicable Law, by the Partnership; or (d) in any other manner as the Managing Partner may determine, for the use and benefit of the Partnership in accordance with the terms and provisions hereof. The transferring Partner and Managing Partner when so holding Partnership Properties shall carry out all directions respecting the ownership and management of such property as shall be given to it by the Partnership.
