Partnership Account definition

Partnership Account means an Account which is opened and operated by a partnership.

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Partnership Account means the bank account or accounts established by the General Partner pursuant to Section 10.3 of this Agreement.

Partnership Account shall have the meaning set forth in SECTION 5.

Examples of Partnership Account in a sentence

• The Managing Partner shall deposit in the Production Partnership Account the Capital Contributions of the Limited Partnership and the Managing Partner and apply such Capital Contributions to the payment of Organization and Offering Costs and the Acquisitions and Operations Fee.

• The balance of such Capital Contributions shall be held in the Production Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Income or Investment Income, Operating Costs, General and Administrative Costs, Direct Administrative Costs and other Production Partnership costs; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 9.3.

• The balance of such Capital Contributions shall be held in the Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Revenues or Investment Income, Operating Costs, General and Administrative Costs, Direct Administrative Costs and other Partnership costs; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 10.3.

• The Managing Partner shall deposit in the NPI Partnership Account the Capital Contributions of the Limited Partnership and the Managing Partner and apply such Capital Contributions to the payment of the Acquisitions Fee.

• The balance of such Capital Contributions shall be held in the NPI Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Income or Investment Income, Direct Administrative Costs and other NPI Partnership costs (except General and Administrative Costs) allocable to the Limited Partnership; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 9.3.

More Definitions of Partnership Account

Partnership Account means the bank account of the Manager or any such other bank account nominated by the Partnership from time to time;

Partnership Account has the meaning given to it in Section 2(o).

Partnership Account means the account maintained by and in the name of the Partnership as shall be identified from time to time by the Partnership to the Agent as the Partnership Account.

Partnership Account means an Account which is opened

Partnership Account the partnership named on the signature page below (the “Partnership”) and the persons, being all partners of and carrying on business under the name of the Partnership and acting jointly and severally, whose names are specified on the signature page below (the “Partners”) entering into this Agreement with UOBKH(HK)L to open and/or maintain one or more partnership account(s) for the Partnership; or

Partnership Account means a detailed statement of receipts, disbursements, costs, assets, liabilities and all other relevant financial matters of the Partnership prepared in accordance with generally accepted accounting principles.

Partnership Account means a bank account in the name of the Partnership opened in accordance with clause 9, with the bank specified in item 6 of Schedule 1.