Common use of TITLE TO PROPERTY AND BANK ACCOUNTS Clause in Contracts

TITLE TO PROPERTY AND BANK ACCOUNTS. Except to the extent that trustees, nominees or other agents are utilized as specified in Section 6.1(b)(2) hereof, the Properties and other assets of the Partnership shall be held in the name of the Partnership. The funds of the Partnership shall be deposited in the name of the Partnership in such bank account or accounts as shall be designated by the General Partners, and withdrawals therefrom shall be made upon the signature of any General Partner or such Person or Persons as shall be designated in writing by any General Partner. The funds of the partnership shall not be commingled with the funds of any other Person.

Appears in 3 contracts

Samples: Krupp Realty Fund LTD Iii, Krupp Realty Fund LTD Iii, Krupp Realty Fund LTD Iii

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TITLE TO PROPERTY AND BANK ACCOUNTS. Except to the extent that trustees, nominees or other agents are utilized as specified in Section 6.1(b)(2) hereof, the Properties and other assets of the Partnership shall be held in the name of the Partnership. The funds of the Partnership shall be deposited in the name of the Partnership in such bank account or accounts as shall be designated by the General Partners, and withdrawals therefrom shall be made upon the signature of any General Partner or such Person or Persons as shall be designated in writing by any General Partner. The funds of the partnership Partnership shall not be commingled with the funds of any other Person.

Appears in 1 contract

Samples: Krupp Realty LTD Partnership V

TITLE TO PROPERTY AND BANK ACCOUNTS. Except to the extent that trustees, nominees or other agents are utilized as specified in Section 6.1(b)(2) hereof, the Properties and other assets of the Partnership shall be held in the name of the Partnership. The funds of the Partnership shall be deposited in the name of the Partnership in such bank account or accounts as shall be designated by the General Partners, and withdrawals therefrom shall be made upon the signature of any General Partner or such Person or Persons as shall be designated in writing by any an General Partner. The funds of the partnership Partnership shall not be commingled with the funds of any other Person.

Appears in 1 contract

Samples: Krupp Realty LTD Partnership V

TITLE TO PROPERTY AND BANK ACCOUNTS. Except to the extent that Unless trustees, nominees or other agents are utilized used as specified in Section 6.1(b)(2) hereofpermitted under this Agreement, the Properties all Investments and other assets of the Partnership shall be held in the name of the PartnershipPartnership or its subsidiaries. The funds of the Partnership shall be deposited in the name of the Partnership in such any bank account or accounts as shall be are designated by the General PartnersPartner, and withdrawals therefrom shall be made upon on the signature of any the General Partner or such any Person or Persons as shall may be designated in writing by any the General Partner. The funds of the partnership Partnership shall not be commingled with the funds of any other Person.

Appears in 1 contract

Samples: Agreement (LEAF Equipment Finance Fund 4, L.P.)

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TITLE TO PROPERTY AND BANK ACCOUNTS. Except to the extent that trustees, nominees or other agents are utilized as specified in permitted by Section 6.1(b)(2) hereof6.1(b)(ii)(F), the Properties all Investments and other assets of the Partnership shall be held in the name of the Partnership. The funds of the Partnership shall be deposited in the name of the Partnership in such bank account or accounts as shall be designated by the General PartnersPartner, and withdrawals therefrom shall be made upon the signature of any the General Partner or such Person or Persons as shall be designated in writing by any the General Partner. The funds of the partnership Partnership shall not be commingled with the funds of any other Person.

Appears in 1 contract

Samples: Icon Holdings Corp

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