Partnership Business definition
Examples of Partnership Business in a sentence
All Partnership Assets necessary for the conduct of the Partnership Business are maintained in accordance with industry standards, normal wear and tear excepted, and are useable in the continued operation of the Partnership Business consistent with past practice.
The Partners have formed the Partnership as a limited partnership by a partnership agreement of even date herewith (the “Partnership Agreement”) between Allco Finance Limited as general partner (the “General Partner”) and Lloyds TSB Equipment Leasing (No.6) Limited (the “Investor”) and the Sponsor as limited partners to make Capital Contributions thereto so that the Partnership may (a) provide the Owner with the funds to purchase the Vessel and (b) conduct Partnership Business.
The Partnership shall be strictly limited to the Partnership Business, and the Partnership Business shall not be extended by implication or otherwise, except by express written amendment to this Agreement or by Unanimous Partnership Governance Committee Action pursuant to Section 3.8.(A).
As of , the Partners agree to enter into a Partnership for the purpose of operating a business known as: (Partnership Business).
Entity Name(s) (please print) Employer Identification Number (also include Social Security Numbers if a Trust or Partnership) Business (Residence) Address The Shares Subscribed for herein should be registered as follows.