Common use of COVENANTS OF LIMITED PARTNERS Clause in Contracts

COVENANTS OF LIMITED PARTNERS. Each Limited Partner covenants, warrants, and agrees with the Partnership and each of the Partners that: (a) such Limited Partner shall not transfer, sell, or offer to sell such Limited Partner's Units without compliance with the conditions and provisions of this Agreement; (b) if such Limited Partner assigns all or any part of such Limited Partner's Units, then until such time as one or more assignees thereof are admitted to the Partnership as a Substituted Limited Partner with respect to the entire Partnership Interest so assigned, the matters to which any holder thereof would covenant and agree if such holder were to execute this Agreement as a Limited Partner shall be and remain true; and (c) such Limited Partner shall notify the Managing General Partners immediately if any representations or warranties made herein or in any subscription agreement should be or become untrue.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Technology Funding Partners Iii L P), Limited Partnership Agreement (Technology Funding Venture Partners V)

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COVENANTS OF LIMITED PARTNERS. Each Limited Partner covenants, warrants, and agrees with the Partnership and each of the Partners that: (a) such Limited Partner shall not transfer, sell, or offer to sell such Limited Partner's Units without compliance with the conditions and provisions of this Agreement; . (b) if such Limited Partner assigns all or any part of such Limited Partner's Units, then until such time as one or more assignees thereof are admitted to the Partnership as a Substituted Limited Partner with respect to the entire Partnership Interest so assigned, the matters to which any holder thereof would covenant and agree if such holder were to execute this Agreement as a Limited Partner shall be and remain true; and (c) such Limited Partner shall notify the Managing General Partners immediately if any representations or warranties made herein or in any subscription agreement should be or become untrue.

Appears in 1 contract

Samples: Limited Partnership Agreement (Technology Funding Venture Partners Iv)

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COVENANTS OF LIMITED PARTNERS. Each Limited Partner covenants, warrants, and agrees with the Partnership and each of the Partners that: : (a) such Limited Partner shall not transfer, sell, or offer to sell such Limited Partner's Units without compliance with the conditions and provisions of this Agreement; . (b) if such Limited Partner assigns all or any part of such Limited Partner's Units, then until such time as one or more assignees thereof are admitted to the Partnership as a Substituted Limited Partner with respect to the entire Partnership Interest so assigned, the matters to which any holder thereof would covenant and agree if such holder were to execute this Agreement as a Limited Partner shall be and remain true; and and (c) such Limited Partner shall notify the Managing General Partners immediately if any representations or warranties made herein or in any subscription agreement should be or become untrue.

Appears in 1 contract

Samples: Limited Partnership Agreement (Technology Funding Venture Partners Iv)

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