Common use of PURCHASE UNITS FOR OWN ACCOUNT Clause in Contracts

PURCHASE UNITS FOR OWN ACCOUNT. To purchase Units for the General Partner's account for investment, or for resale. If the General Partner, also, is a Limited Partner, then the interests, rights and obligations of the General Partner as the General Partner and as a Limited Partner at all times shall be kept separate and distinct.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)

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PURCHASE UNITS FOR OWN ACCOUNT. To purchase Units for the General Partner's account for investment, or for resale. If the General Partner, also, is a Limited Partner, then the interests, rights and obligations of the General Partner as the General Partner and as a Limited Partner at all times shall be kept separate and distinct.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

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