Common use of Acquiror Representation Clause in Contracts

Acquiror Representation. ETE Holdings is acquiring the Class H Units for its own account and not with a view to distribution in violation of any securities laws. ETE Holdings understands and acknowledges that there is no public trading market for the Class H Units and that none is expected to develop. ETE Holdings has been advised and understands and acknowledges that the Class H Units have not been registered under the Securities Act or under the “blue sky” laws of any jurisdiction and may be resold only if registered pursuant to the provisions of the Securities Act (or if eligible, pursuant to the provisions of Rule 144 promulgated under the Securities Act or pursuant to another available exemption from the registration requirements of the Securities Act) and any applicable state laws. ETE Holdings has been advised of and is aware of the provisions of Rule 144 promulgated under the Securities Act.

Acquiror Representation. ETE Holdings ETP is acquiring the Class H B Units for its own account accounts and not with a view to distribution in violation of any securities laws. ETE Holdings ETP understands and acknowledges that there is no public trading market for the Class H B Units and that none is expected to develop. ETE Holdings ETP has been advised and understands and acknowledges that the Class H B Units have not been registered under the Securities Act or under the “"blue sky” " laws of any jurisdiction and may be resold only if registered pursuant to the provisions of the Securities Act (or if eligible, pursuant to the provisions of Rule 144 promulgated under the Securities Act or pursuant to another available exemption from the registration requirements of the Securities Act) and any applicable state laws. ETE Holdings ETP has been advised of and is are aware of the provisions of Rule 144 promulgated under the Securities Act.