Common use of Restrictions on Transfer or Blockage Clause in Contracts

Restrictions on Transfer or Blockage. Any security that is held under a representation that it has been acquired for investment and not with a view to public sale or distribution, or that is held subject to any other restriction on transfer, or where the size of the Partnership’s holdings compared to the trading volume would adversely affect its marketability, shall be valued at such discount from the value determined under Section 9.1 as the Investment Manager deems reasonably necessary to reflect the marketability and value of such security.

Restrictions on Transfer or Blockage. Any security that which is ------------------------------------ held under a representation that it has been acquired for investment and not with a view to public sale or distribution, or that which is held subject to any other restriction on transfer, or where the size of the Partnership’s 's holdings compared to the trading volume would adversely affect its marketability, shall may be valued at such discount from the value determined under Section 9.1 10.1 as the Investment Manager ------------ General Partner deems reasonably necessary to reflect the marketability and value of such security.

Restrictions on Transfer or Blockage. Any Subject to the ------------------------------------ proviso in Section 7.1, any security that which is held under a representation that it has been acquired for investment and not with a view to public sale or distribution, or that which is held subject to any other restriction on transfer, or where the size of the Partnership’s Company's holdings compared to the trading volume would adversely affect its marketability, shall be valued at such discount from the value determined under Section 9.1 7.1 above as determined by the Investment Manager deems reasonably necessary Managers to properly reflect the marketability and value of such security.

Restrictions on Transfer or Blockage. Any security that which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or that which is held subject to any other restriction on transfer, or where the size of the Partnership’s holdings compared to the trading volume would adversely affect its marketabilitythe marketability of such security, shall be valued at such discount from the value determined under Section 9.1 as the Investment Program Manager deems reasonably necessary to reflect the marketability and value of such security.

Restrictions on Transfer or Blockage. Any security that which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or that which is held subject to any other restriction on transfer, or where the size of the PartnershipCompany’s holdings compared to the trading volume would adversely affect its marketabilitythe marketability of such security, shall be valued at such discount from the value determined under Section 9.1 as the Investment Program Manager deems reasonably necessary to reflect the marketability and value of such security.