Partnership Property definition

Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

Partnership Property means all the property, real and personal, at any time owned by the Partnership.

Partnership Property means all real and personal property acquired by the Partnership and any improvements thereto, and shall include both tangible and intangible property.

Examples of Partnership Property in a sentence

• The revaluation of the Partnership Property referred to in the immediately preceding sentence will be made in accordance with Section 1.704-l(b)(2)(iv)(f) of the Regulations.

• If any revaluation of the Partnership Property is made by the General Partner (which revaluation may only be made with the consent of the Limited Partner) then any subsequent allocations of income, gain, loss, deduction and credit with respect to such Partnership Property will take into account any variation between the adjusted tax basis of such Partnership Property for federal income tax purposes and the value assigned to such Partnership Property as a result of such revaluation.

• Upon the dissolution of the Partnership, the affairs and business of the Partnership shall be wound up and terminated, the Partnership’s liabilities shall be discharged and the Partnership Property shall be liquidated and distributed in the manner hereinafter described.

• Each Partner hereby waives any right to partition or cause a partition of the Partnership Property.

More Definitions of Partnership Property

Partnership Property means all direct and indirect interests in real and personal property owned by the Partnership from time to time and shall include both tangible and intangible property (including cash).

Partnership Property means Leases and Wells in which the Partnership owns an undivided interest.

Partnership Property means all properties and assets which the Partnership may own or have an interest in from time to time.

Partnership Property means property to which the partnership is beneficially entitled, whether or not the property is held in the partnership name;

Partnership Property means any property and right or interest in a limited partnership –

Partnership Property means all property owned or acquired by the Partnership.

Partnership Property means all real and personal property owned by the Partnership and any improvements thereto, and shall include both tangible and intangible property.