Residencial Mac-Kay Las Condes

Limited Partnership Agreement California Sample

Limited Partnership Agreement California Sample

26/09/2021 • Under: Sin categoría


Legal title to the ownership of the partnership is held in the name of the partnership. Subject to the provisions of Article 9 and the other provisions of this Agreement, as well as their fiduciary duties to the Limited Partners, the Supplements shall have the right to enter into and execute the power and power (regardless of the duration of the partnership) acting for and on behalf of the partnership. agreement, instrument, hypothec or any other instrument or document necessary or otherwise to lease, sell, sell, transfer or refinance ownership of the partnership (or part thereof), borrow money and execute debt securities in order to safeguard them by hypothec (which term «mortgage» is thus defined for all purposes of this Agreement, to obtain fiduciary statements; Financing statements, B.B. Mortgages, mortgage obligations, conditional sales contracts and similar security agreements) on the ownership of the partnership to renew or renew all of these loans or obligations, and transfer ownership of the partnership in return for a simple sum by instrument, mortgage or otherwise. It is clearly understood and agreed that the manner in which ownership of the partnership (or a party) and partnership assets are held serves exclusively for the convenience of the partnership. Accordingly, the spouse, heirs, executors or administrators, beneficiaries, distributors, successors or assignees of a partner have no right, title or interest in or to a partnership or partnership patrimony, regardless of how the title is held; On the contrary, ownership of the partnership and all assets of the partnership are subject to the terms of this Agreement. The partners understand that, in the event that the property, with the exception of cash, is introduced by a partner into the partnership, the appropriate basis of the partnership in the property may derogate from the fair market value of the property determined by the agreement of the partners at the time of such contribution. . . .

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