Common use of Title to Partnership Property Clause in Contracts

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.

Appears in 5 contracts

Samples: Prior Agreement (Alta Mesa Holdings, LP), www.sec.gov, Alta Mesa Holdings, LP

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Title to Partnership Property. To the extent that Property the property of the Partnership is held in the name of a the General Partner, the Property such property shall be deemed held by that the General 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 PropertyPartnership property, unless an instrument in writing, signed by such Partner, shall specify to the contrary.

Appears in 2 contracts

Samples: Agreement (First Cash, Ltd.), Agreement (First Cash, Ltd.)

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