Common use of NO PARTICIPATION IN SECONDARY MARKET Clause in Contracts

NO PARTICIPATION IN SECONDARY MARKET. Notwithstanding anything contained herein to the contrary, the Partnership shall not participate in the establishment of, or the inclusion of Units on, an established securities market for the Units within the meaning of Treasury Regulation Section 1.7704-1(b) or a secondary market or the substantial equivalent thereof for the Units within the meaning of Treasury Regulation Section 1.7704-1(c), and the Partnership shall not recognize any transfers of Units (including a right to profits, losses and distributions) made on any such market by redeeming the transferor Partner (in the case of a redemption or repurchase by the Partnership) or admitting the transferee partner or otherwise recognizing any rights of the transferee, such as a right of the transferee to receive Partnership distributions (directly or indirectly) or to acquire an interest in the capital or profits of the Partnership, and any such transfers shall be void ab initio.

NO PARTICIPATION IN SECONDARY MARKET. Notwithstanding anything contained herein to the contrary, the Partnership shall not participate in the establishment of, or the inclusion of Units on, an established securities market for the Units within the meaning of Treasury Regulation Section section 1.7704-1(b) or a secondary market or the substantial equivalent thereof for the Units within the meaning of Treasury Regulation Section section 1.7704-1(c), and the Partnership shall not recognize any transfers of Units (including a right to profits, losses and distributions) made on any such market by redeeming the transferor Partner (in the case of a redemption or repurchase by the Partnership) or admitting the transferee partner as a Partner or otherwise recognizing any rights of the transferee, such as a right of the transferee to receive Partnership distributions (directly or indirectly) or to acquire an interest in the capital or profits of the Partnership, Partnership and any such transfers shall be void ab initio.

NO PARTICIPATION IN SECONDARY MARKET. Notwithstanding anything contained herein to the contrary, the Partnership shall not participate in the establishment of, or the inclusion of Units on, an established securities market for the Units within the meaning of Treasury Regulation Section 1.7704-section 1.7704- 1(b) or a secondary market or the substantial equivalent thereof for the Units within the meaning of Treasury Regulation Section section 1.7704-1(c), and the Partnership shall not recognize any transfers of Units (including a right to profits, losses and distributions) made on any such market by redeeming the transferor Partner (in m the case of a redemption or repurchase by the Partnership) or admitting the transferee partner or otherwise recognizing any rights of the transferee, such as a right of the transferee to receive Partnership distributions (directly or indirectly) or to acquire an interest in the capital or profits of the Partnership, Partnership and any such transfers shall be void ab initio.