Common use of Title to Partnership Property Clause in Contracts

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. Legal title to all the Investment and other assets of the Partnership’s property Partnership shall be held in such manner as the General Partner determines to be shall Approve as being in the best interests of the Partnership. Each Limited Partner acknowledges It is expressly understood and agrees agreed 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, officers, employees, partners, members, shareholders, successors or assignees assigns of any Partner shall have any no 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.