Common use of Representations of the Partners Clause in Contracts

Representations of the Partners. Each Partner represents and warrants to the Partnership and every other Partner that (a) he is fully aware of, and is capable of bearing, the risks relating to an investment in the Partnership, (b) he understands his Interest in the Partnership has not been registered under the Securities Act of 1933, as amended, or the securities law of any jurisdiction in reliance upon exemptions contained in those laws, and (c) he has acquired his Interest in the Partnership for his own account, with the intention of holding the Interest for investment and without any intention of participating directly or indirectly in any redistribution or resale of any portion of the Interest in violation of the Securities Act of 1933, as amended, or any applicable law.