Common use of Acquisition Entirely for Own Account Clause in Contracts

Acquisition Entirely for Own Account. This Agreement is made with the Employee in reliance upon the Employee’s representation to the Partnership Parties, which by the Employee’s execution of this Agreement (or by the Employee’s making of this representation on a Settlement Date) the Employee hereby confirms, that Subject Units granted to the Employee will be acquired for investment for the Employee’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Employee has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement (or by making of this representation on a Settlement Date), the Employee further represents that he does not have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any Subject Units.