Common use of Representations; Legend Clause in Contracts

Representations; Legend. (a) Each Limited Partner hereby covenants and agrees with the Partnership for the benefit of the Partnership and all of its Partners, that: (i) it is not currently making a market in Interests and will not in the future make a market in Interests; (ii) it will not Transfer its Interests on an established securities market, a secondary market (or the substantial equivalent thereof) within the meaning of Section 7704(b) of the Code (and any Regulations, revenue rulings, or other official pronouncements of the Internal Revenue Service or Treasury Department that may be promulgated or published thereunder); and (iii) in the event such Regulations, revenue rulings, or other pronouncements treat any of or all arrangements that the selling of partnership interests and that are commonly referred to as “matching as being a secondary market or substantial equivalent thereof, it will not Transfer any Interest through a matching service that is not approved in advance by the General Partner. Each Limited Partner further agrees that it will not Transfer any Interest to any Person unless such Person agrees to be bound by this Section 8.8(a) and to Transfer such Interests only to who agree to be similarly bound. The Partnership shall, from time to time, at the request of a Partner consider whether to approve a matching service and shall notify all Partners matching service that is so approved.

Appears in 2 contracts

Samples: Fossil Inc, Fossil Inc

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Representations; Legend. (a) a. Each Limited Partner Unit Holder hereby covenants and agrees with the Partnership for the benefit of the Partnership and all of its PartnersUnit Holders, that: that (i) it he is not currently making a market in Interests Units and will not in the future make a market in Interests; Units, (ii) it he will not Transfer its Interests his Units on an established securities market, a secondary market (or the substantial equivalent thereof) within the meaning of Code Section 7704(b) of the Code (and any Regulationsregulations, proposed regulations, revenue rulings, rulings or other official pronouncements of the Internal Revenue Service or Treasury Department that may be promulgated or published thereunder); , and (iii) in the event such Regulationsregulations, revenue rulings, rulings or other pronouncements treat any of or all arrangements that which facilitate the selling of partnership interests and that which are commonly referred to as “matching services” as being a secondary market or substantial equivalent thereof, it he will not Transfer any Interest Unit through a matching service that is not approved in advance by the General PartnerPartnership. Each Limited Partner Unit Holder further agrees that it he will not voluntarily Transfer any Interest Unit to any Person unless such Person agrees to be bound by this Section 8.8(a9.6(a) and to voluntarily Transfer such Interests Units only to Persons who agree to be similarly bound. The Partnership shall, from time to time, at the request of a Partner Unit Holder consider whether to approve a matching service and shall notify all Partners Unit Holders of any matching service that is so approved.

Appears in 1 contract

Samples: Reef Oil & Gas Income & Development Fund III LP

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Representations; Legend. (a) Each Limited Partner Unit Holder hereby covenants and agrees with the Partnership for the benefit of the Partnership and all of its PartnersUnit Holders, that: that (i) it he is not currently making a market in Interests Units and will not in the future make a market in Interests; Units, (ii) it he will not Transfer its Interests his Units on an established securities market, a secondary market (or the substantial equivalent thereof) within the meaning of Code Section 7704(b) of the Code (and any Regulationsregulations, proposed regulations, revenue rulings, rulings or other official pronouncements of the Internal Revenue Service or Treasury Department that may be promulgated or published thereunder); , and (iii) in the event such Regulationsregulations, revenue rulings, rulings or other pronouncements treat any of or all arrangements that facilitate the selling of partnership interests and that are commonly referred to as “matching services” as being a secondary market or substantial equivalent thereof, it he will not Transfer any Interest Unit through a matching service that is not approved in advance by the General PartnerPartnership. Each Limited Partner Unit Holder further agrees that it he will not voluntarily Transfer any Interest Unit to any Person unless such Person agrees to be bound by this Section 8.8(a9.6(a) and to voluntarily Transfer such Interests Units only to Persons who agree to be similarly bound. The Partnership shall, from time to time, at the request of a Partner Unit Holder consider whether to approve a matching service and shall notify all Partners Unit Holders of any matching service that is so approved.

Appears in 1 contract

Samples: Agreement (Universe Energy Partners, LP)

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