Common use of Use of Partnership’s Assets Clause in Contracts

Use of Partnership’s Assets. The General Partner shall not employ, or permit any other Person to employ, the Partnership’s funds or assets in any manner except for the exclusive benefit of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Resource Real Estate Investors 7, L.P.), Limited Partnership Agreement (Resource Real Estate Investors 6 LP)

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Use of Partnership’s Assets. The General Partner shall not employ, or permit any other Person to employ, the Partnership’s 's funds or assets in any manner except for the exclusive benefit of the Partnership. In addition, the Partnership shall not invest from time to time more than 20% of its funds and assets, including but not limited to Capital Contributions and the proceeds of Financing Transactions then available for investment, in Secured Loans.

Appears in 1 contract

Samples: Lease Equity Appreciation Fund II, L.P.

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Use of Partnership’s Assets. The General Partner shall not employ, or nor permit any other Person to employ, the Partnership’s funds or assets in any manner except for the exclusive benefit of the Partnership. In addition, the Partnership shall not invest from time to time more than 30% of its funds and assets, including but not limited to Capital Contributions and the proceeds of Financing Transactions then available for investment, in Secured Loans.

Appears in 1 contract

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

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