Common use of MINIMUM OF UNITS Clause in Contracts

MINIMUM OF UNITS. The Partnership intends to sell and issue 1,000 Units in exchange for Capital Contributions of $5,000 per each Unit in cash. Each person who acquires any Units shall be eligible to become a Limited Partner in the Partnership at such time as that person has: (i) purchased 5 or more Units, or less than 5 Units, or, a fraction of a Unit, if, in the discretion of the General Partner, purchases of less than the minimum purchase are permitted; (ii) submitted to the Partnership the sum of $5,000 in cash, check or money order for each Unit purchased; (iii) executed and filed with the General Partner a written instrument which sets forth an intention to become a Limited Partner and requests admission to the Partnership in that capacity, together with such other instruments as the General Partner may deem necessary or desirable to effect such admission, including the written acceptance and adoption by such person of the provisions of this Agreement, and the execution, acknowledgment and delivery to the General Partner of a special power of attorney, the form, style and content of which are more fully described herein; and (iv) obtained the consent of the General Partner to be admitted as a Limited Partner, which consent shall be within the absolute discretion of the General Partner. Such consent shall be given or refused by the Closing Date. 9.1.2

MINIMUM OF UNITS. The Partnership intends to sell and issue 1,000 12,000 Units in exchange for Capital Contributions of $5,000 2,500 per each Unit in cash. Each person who acquires any Units shall be eligible to become a Limited Partner in the Partnership at such time as that person has: (i) purchased 5 4 or more Units, or less than 5 4 Units, or, a fraction of a Unit, if, in the discretion of the General Partner, purchases of less than the minimum purchase are permitted; (ii) submitted to the Partnership the sum of $5,000 2,500 in cash, check or money order for each Unit purchased; (iii) executed and filed with the General Partner a written instrument which sets forth an intention to become a Limited Partner and requests admission to the Partnership in that capacity, together with such other instruments as the General Partner may deem necessary or desirable to effect such admission, including the written acceptance and adoption by such person of the provisions of this Agreement, and the execution, acknowledgment and delivery to the General Partner of a special power of attorney, the form, style and content of which are more fully described herein; and (iv) obtained the consent of the General Partner to be admitted as a Limited Partner, which consent shall be within the absolute discretion of the General Partner. Such consent shall be given or refused by the Closing Date. 9.1.2

MINIMUM OF UNITS. The Partnership intends to sell and issue 1,000 Units in exchange for Capital Contributions of $5,000 per each Unit in cash. Each person who acquires any Units shall be eligible to become a Limited Partner in the Partnership at such time as that person has: (i1) purchased 5 or more Units, or less than 5 Units, or, a fraction of a Unit, if, in the discretion of the General Partner, purchases of less than the minimum purchase are permitted; (ii2) submitted to the Partnership the sum amount of $5,000 in cash, check or money order for each Unit purchased; (iii3) executed and filed with the General Partner a written instrument which sets forth an intention to become a Limited Partner and requests admission to the Partnership in that capacity, together with such other instruments as the General Partner may deem necessary or desirable to effect such admission, including the written acceptance and adoption by such person of the provisions of this Agreement, and the execution, acknowledgment and delivery to the General Partner of a special power of attorney, the form, style and content of which are more fully described herein; and (iv4) obtained the consent of the General Partner to be admitted as a Limited Partner, which consent shall be within the absolute discretion of the General Partner. Such consent shall be given or refused by the Closing Date. 9.1.2