This office lease provision refers to a tenant that is a partnership or if the tenant's interest in the lease shall be assigned to a partnership. Any such partnership, professional corporation and such persons will be held by this provision of the lease.
Alameda California Standard Provision to Limit Changes in a Partnership Entity is a legal framework designed to control and restrict alterations within a partnership entity operating in the city of Alameda, California. This provision aims to maintain stability, coherence, and predictability in the functioning of the partnership by imposing certain limitations on changes that can be made to the entity. Keywords: Alameda California, partnership entity, Standard Provision, limit changes, stability, coherence, predictability. Types of Alameda California Standard Provision to Limit Changes in a Partnership Entity: 1. Capital Contribution Limitations: This provision imposes restrictions on partners' ability to alter the amount or form of capital contributed to the partnership. It establishes rules specifying the maximum and minimum levels of capital contributions permitted and outlines the procedure and conditions for any changes to these limits. 2. Ownership Structure Preservation: This type of provision ensures the preservation of the partnership's existing ownership structure. It restricts partners from making changes that would alter the distribution and allocation of partnership interests or economic rights among current partners without proper consent or approval. 3. Management Limitations: This provision outlines limitations and requirements related to the management structure of the partnership entity. It may specify that certain decisions or changes related to the governance and decision-making process require unanimous or majority consent, preventing any individual partner from unilaterally making changes without the agreement of others. 4. Duration and Dissolution Provisions: These provisions establish the duration of the partnership and outline specific circumstances under which the partnership can be dissolved. They may include limitations on changes to the partnership's duration or the dissolution process, ensuring that any alterations to these aspects are conducted in accordance with the agreed-upon guidelines. 5. Business Scope Amendments: This type of provision restricts changes to the primary business activities or purpose for which the partnership was initially formed. It ensures that significant changes to the core business operations require proper approval and agreement from all partners to maintain the partnership's agreed-upon focus. 6. Withdrawal and Admission Limitations: These provisions dictate the process and limitations for partners to withdraw or be admitted into the partnership entity. They may require specific procedures and conditions for admission, such as obligations to meet capital requirements or obtain unanimous partner approval for new admissions. In summary, Alameda California Standard Provision to Limit Changes in a Partnership Entity encompasses various types of restrictions and regulations to preserve the stability, functionality, and agreed-upon structure of partnership entities operated within the city of Alameda, California. By implementing these provisions, partnerships can ensure that any changes made are in compliance with the established guidelines and require proper consent and agreement from all relevant parties.Alameda California Standard Provision to Limit Changes in a Partnership Entity is a legal framework designed to control and restrict alterations within a partnership entity operating in the city of Alameda, California. This provision aims to maintain stability, coherence, and predictability in the functioning of the partnership by imposing certain limitations on changes that can be made to the entity. Keywords: Alameda California, partnership entity, Standard Provision, limit changes, stability, coherence, predictability. Types of Alameda California Standard Provision to Limit Changes in a Partnership Entity: 1. Capital Contribution Limitations: This provision imposes restrictions on partners' ability to alter the amount or form of capital contributed to the partnership. It establishes rules specifying the maximum and minimum levels of capital contributions permitted and outlines the procedure and conditions for any changes to these limits. 2. Ownership Structure Preservation: This type of provision ensures the preservation of the partnership's existing ownership structure. It restricts partners from making changes that would alter the distribution and allocation of partnership interests or economic rights among current partners without proper consent or approval. 3. Management Limitations: This provision outlines limitations and requirements related to the management structure of the partnership entity. It may specify that certain decisions or changes related to the governance and decision-making process require unanimous or majority consent, preventing any individual partner from unilaterally making changes without the agreement of others. 4. Duration and Dissolution Provisions: These provisions establish the duration of the partnership and outline specific circumstances under which the partnership can be dissolved. They may include limitations on changes to the partnership's duration or the dissolution process, ensuring that any alterations to these aspects are conducted in accordance with the agreed-upon guidelines. 5. Business Scope Amendments: This type of provision restricts changes to the primary business activities or purpose for which the partnership was initially formed. It ensures that significant changes to the core business operations require proper approval and agreement from all partners to maintain the partnership's agreed-upon focus. 6. Withdrawal and Admission Limitations: These provisions dictate the process and limitations for partners to withdraw or be admitted into the partnership entity. They may require specific procedures and conditions for admission, such as obligations to meet capital requirements or obtain unanimous partner approval for new admissions. In summary, Alameda California Standard Provision to Limit Changes in a Partnership Entity encompasses various types of restrictions and regulations to preserve the stability, functionality, and agreed-upon structure of partnership entities operated within the city of Alameda, California. By implementing these provisions, partnerships can ensure that any changes made are in compliance with the established guidelines and require proper consent and agreement from all relevant parties.
