Common use of Allocation of Units Clause in Contracts

Allocation of Units. The allocation of Units among the Managing Dealer and any such other Soliciting Dealers shall, subject to the terms and conditions herein set forth, be made by the Partnership, with approval of the Managing Dealer, in their sole discretion. The Partnership reserves the right to notify each Sales Agent by telegram or by other means of the number of Units reserved for sale for each Sales Agent. Such Units will be reserved for sale until the time specified in such notification. Sales of any reserved Units after the time specified in the notification or any requests for additional Units will be subject to rejection by the Partnership, in whole or in part.