Common use of Transfer of Title to New Managing GP Clause in Contracts

Transfer of Title to New Managing GP. On the removal or withdrawal of the Managing GP and the admission of the New Managing GP, the Departing Managing GP, at the cost of the Partnership, must transfer title to all of the Partnership’s property that is registered in the name of the Departing Managing GP to the name of the New Managing GP. The Departing Managing GP must execute and deliver all deeds, certificates, declarations and other documents necessary or desirable to effect such transfer in a timely fashion.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Golden Credit Card Trust), Limited Partnership Agreement, Limited Partnership Agreement

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Transfer of Title to New Managing GP. On the removal or withdrawal of the Managing GP and the admission of the New Managing GP, the Departing Managing GP, at the cost of the Partnership, must transfer title to all of the Partnership’s property that is registered in the name of the Departing Managing GP to the name of the New Managing GPGP or a nominee on its behalf. The Departing Managing GP must execute and deliver all deeds, certificates, declarations and other documents necessary or desirable to effect such transfer in a timely fashion.

Appears in 3 contracts

Samples: Limited Partnership Agreement (BMO Covered Bond Guarantor Limited Partnership), Limited Partnership Agreement, Limited Partnership Agreement (Bank of Nova Scotia /)

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Transfer of Title to New Managing GP. On the removal or withdrawal of the Managing GP and the admission of the New Managing GP, the Departing Managing GP, at the cost of the Partnership, must transfer title to all of the Partnership’s property that is registered in the name of the Departing Managing GP to the name of the New Managing GP. The Departing Managing GP must execute and deliver all deeds, certificates, declarations and other documents necessary or desirable to effect such transfer in a timely fashion.

Appears in 1 contract

Samples: Limited Partnership Agreement

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