Common use of Authorized Units and Original and Additional Limited Partners Clause in Contracts

Authorized Units and Original and Additional Limited Partners. Xxxxxxxx Xxx Xxxxx, the original Limited Partner, has contributed the sum of $1,000 cash to the capital of the Partnership and has received 10 units for such contribution. The Partnership intends to make a public offering of 200,000 units of limited partnership interests ("Units") and to admit as additional Limited Partners the persons whose subscriptions for such Units are accepted by the General Partners. The names and places of residence of such Limited Partners will be set forth in the Subscription Agreements and Signature Pages attached hereto. The General Partners may admit an unlimited number of additional Limited Partners who subscribe from time to time for Units upon such terms and conditions and in such amount as the General Partners in their sole discretion shall deem reasonable. No action or consent by Limited Partners shall be required in connection with such admission of additional Limited Partners pursuant to this Section 1.06. This Agreement shall be executed by the General Partners, and an amendment of any Certificate of Limited Partnership, reflecting such admissions, shall be executed by the General Partners and filed, if and when and in such jurisdictions as may be required or appropriate. The offering period of program interests shall cease not later than one year from the date of the partnership's registration statement as filed with the Securities and Exchange Commission.

Authorized Units and Original and Additional Limited Partners. Xxxxxxxx Xxx Xxxxx, the original Limited Partner, has contributed the sum of $1,000 l,000 cash to the capital of the Partnership and has received 10 units for such contribution. The Partnership intends to make a public offering of 200,000 300,000 units of limited partnership interests ("Units") and to admit as additional Limited Partners the persons whose subscriptions for such Units are accepted by the General Partners. The names and places of residence of such Limited Partners will be set forth in the Subscription Agreements and Signature Pages attached hereto. The General Partners may admit an unlimited number of additional Limited Partners who subscribe from time to time for Units upon such terms and conditions and in such amount as the General Partners in their sole discretion shall deem reasonable. No action or consent by Limited Partners shall be required in connection with such admission of additional Limited Partners pursuant to this Section 1.06. This Agreement shall be executed by the General Partners, and an amendment of any Certificate of Limited Partnership, reflecting such admissions, shall be executed by the General Partners and filed, if and when and in such jurisdictions as may be maybe required or appropriate. The offering period of program interests shall cease not later than one year from the date of the partnership's registration statement as filed with the Securities and Exchange Commission.

Authorized Units and Original and Additional Limited Partners. Xxxxxxxx Xxx Xxxxx, the original Limited Partner, has contributed the sum of $1,000 cash to the capital of the Partnership and has received 10 units for such contribution. The Partnership intends to make a public offering of 200,000 300,000 units of limited partnership interests ("Units") and to admit as additional Limited Partners the persons whose subscriptions for such Units are accepted by the General Partners. The names and places of residence of such Limited Partners will be set forth in the Subscription Agreements and Signature Pages attached hereto. The General Partners may admit an unlimited number of additional Limited Partners who subscribe from time to time for Units upon such terms and conditions and in such amount as the General Partners in their sole discretion shall deem reasonable. No action or consent by Limited Partners shall be required in connection with such admission of additional Limited Partners pursuant to this Section 1.06. This Agreement shall be executed by the General Partners, and an amendment of any Certificate of Limited Partnership, reflecting such admissions, shall be executed by the General Partners and filed, if and when and in such jurisdictions as may be required or appropriate. The offering period of program interests shall cease not later than one year from the date of the partnership's registration statement as filed with the Securities and Exchange Commission.