Nature of Interests. All Partnership property, whether real or personal, tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and none of the Partners shall have any direct ownership of such property.
Nature of Interests. You acknowledge, understand and agree that: (1) the Interests are speculative investments which involve a high degree of risk of loss; (2) no government agency has passed upon the adequacy or accuracy of the information in the Prospectus and Statement of Additional Information or made any determination as to the fairness of the investment, or any recommendation or endorsement of the investment; (3) you are not dependent upon a current cash return with respect to your investment in the Fund; (4) transfer of the Interests is subject to substantial restrictions; (5) you may not enter into any hedging arrangement with respect to the Interests or a swap, structured note or other derivative instrument, the return from which is based in whole or in part on the return of the Fund, with any third party, in each case without the Fund’s prior written consent and without compliance with all applicable law, including the Securities Act; (6) the Fund will have significant transaction and other costs, regardless of whether it realizes profits; (7) the amount of your subscription will be contributed to the Fund less applicable fees; (8) there are risks and potential conflicts of interest involved in the structure and operation of the Fund as described in the Prospectus and Statement of Additional Information; and (9) past results of the Fund or its investment manager are not indicative of future results or profits, and no representations to the contrary have been made.
Nature of Interests. The Purchaser believes that the Interests represent an attractive investment at the Purchase Price. There can be no assurance, however, that this judgment is correct. Per the Partnership's September 30, 1995 Form 10-Q, the Partnership has made distributions of $7.50 per Interest since its inception. In the Partnership's Form 10-K for the year ended December 31, 1994, the General Partner states "In light of results to date and current market conditions, the General Partner does not anticipate that investors will recover all of their original capital." Ownership of Interests will remain a speculative investment. The Offer provides Limited Partners with the opportunity to liquidate their Interests and to reinvest the proceeds in other investments should they desire to do so. * VOTING POWER. Limited Partners cannot participate in the management or control of the Partnership's business, and cannot control either the timing or amount of cash distributions, or the timing or terms of a sale of the Partnership's assets, except insofar as the Limited Partners are entitled to vote as permitted by the Partnership Agreement. If the maximum number of Interests sought are tendered and accepted for payment pursuant to the Offer, the Purchaser will own approximately 45% of the outstanding Interests and could be in a position to influence significantly decisions of the Partnership on which Limited Partners are entitled to vote. This could effectively (i) prevent non-tendering Limited Partners from taking actions they desire but that the Purchaser opposes and (ii) enable the Purchaser to take action desired by the Purchaser but opposed by the non-tendering Limited Partners. Matters upon which the Limited Partners are entitled to vote under the Partnership Agreement are: (1) amendment of the Partnership Agreement; (2) dissolution of the Partnership; (3) removal of the general partner or a successor general partner; (4) election of a new general partner upon the withdrawal of the general partner or a successor general partner; and (5) approval or disapproval of the sale of all or substantially all of the assets of the Partnership. Although the Purchaser has no current intention with regard to any of these matters, it will vote the Interests acquired pursuant to the Offer in its interest, which may, or may not, be in the best interests of non-tendering Limited Partners. Each Limited Partner must make his or her own decision based on his or her particular circumstances. Limited ...
Nature of Interests. The Units shall for all purposes be personal property. No Member or Assignee has any interest in specific Company property. Each Member hereby waives any and all rights such Person may have to initiate or maintain any suit or action for partition of the Company’s assets.
Nature of Interests. An interest is personal property. A Member has no rights in respect of or interest in specific property of the Company.
Nature of Interests. All Company property, whether real or personal, tangible or intangible, shall be deemed to be owned by the Company as an entity, and none of the Members shall have any direct ownership of such property.
Nature of Interests. The Shares shall for all purposes be personal property. No Member has any interest in specific Company property. Each Member hereby waives any and all rights such Person may have to initiate or maintain any suit or action for partition of the Company’s assets.
Nature of Interests. All of the covenants, conditions, and terms of this Agreement shall (i) be of benefit to the Parties, and (ii) bind and inure to the benefit of the Parties and their permitted successors and assigns.
Nature of Interests. A Member’s Membership Interest shall for all purposes be personal property. No Member has any interest in specific Company property.
Nature of Interests. The City’s rights pursuant to this Agreement are limited to those set forth in this Agreement. The Agreement does not grant to the City any fee title, easement, or other real property interest of any kind or to the Moorhead Sports Center or the Property except as set forth in this Agreement.
