Common use of Waiver of Action of Partition Clause in Contracts

Waiver of Action of Partition. The Partners agree that the property of the Partnership is not and will not be suitable for partition and that all the property of the Partnership should be dealt with as a single, integral unit. Accordingly, each of the Partners hereby irrevocably waives any and all rights that he may have to maintain an action for partition of any of the property of the Partnership, either as a partition in kind or a partition by sale.

Appears in 4 contracts

Samples: Limited Partnership Agreement (VHS of Anaheim Inc), Limited Partnership Agreement (VHS of Anaheim Inc), Agreement of Limited Partnership (VHS of Anaheim Inc)

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Waiver of Action of Partition. The Partners agree that the property of the Partnership is not and will not be suitable for partition and that all the property of the Partnership should be dealt with as a single, integral unit. Accordingly, each of the Partners hereby irrevocably waives any and all rights that he it may have to maintain an action for partition of any of the property of the Partnership, either as a partition in kind or a partition by sale.

Appears in 3 contracts

Samples: Partnership Agreement (PHC Hospitals, LLC), Limited Partnership Agreement (Province Healthcare Co), Agreement of Limited Partnership (Province Healthcare Co)

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