Common use of Sale of Units by Managers, as Principals Clause in Contracts

Sale of Units by Managers, as Principals. If the Partnership wishes to issue and sell Units pursuant to this Agreement but other than as set forth in Section 3(a) of this Agreement (each, a “Placement”), it will notify the Managers of the proposed terms of such Placement. If the Managers, acting as principals, wish to accept such proposed terms (which they may decline to do for any reason in their sole discretion) or, following discussions with the Partnership wish to accept amended terms, the Managers and the Partnership will enter into a Terms Agreement setting forth the terms of such Placement. The terms set forth in a Terms Agreement will not be binding on the Partnership or the Managers unless and until the Partnership and the Managers have each executed such Terms Agreement accepting all of the terms of such Terms Agreement. In the event of a conflict between the terms of this Agreement and the terms of a Terms Agreement, the terms of such Terms Agreement will control.

Sale of Units by Managers, as Principals. If the Partnership wishes to issue and sell the Units pursuant to this Agreement but other than as set forth in Section 3(a) of this Agreement (each, a “Placement”), it will notify the Managers of the proposed terms of such Placement. If the Managersany Manager, each acting as principalsprincipal, wish wishes to accept such proposed terms (which they it may decline to do for any reason in their its sole discretion) or, following discussions with the Partnership wish wishes to accept amended terms, the Managers such Manager(s) and the Partnership will enter into a Terms Agreement setting forth the terms of such Placement. The terms set forth in a Terms Agreement will not be binding on the Partnership or the Managers such Manager(s) unless and until the Partnership and the Managers such Manager(s) have each executed such Terms Agreement accepting all of the terms of such Terms Agreement. In the event of a conflict between the terms of this Agreement and the terms of a Terms Agreement, the terms of such Terms Agreement will control.

Sale of Units by Managers, as Principals. If the Partnership wishes to issue and sell the Units pursuant to this Agreement but other than as set forth in Section 3(a) of this Agreement (each, a “Placement”), it will notify the Managers a Manager of the proposed terms of such Placement. If the Managerssuch Manager, acting as principalsprincipal, wish wishes to accept such proposed terms (which they it may decline to do for any reason in their its sole discretion) or, following discussions with the Partnership wish Partnership, wishes to accept amended terms, the Managers Manager and the Partnership will enter into a Terms Agreement setting forth the terms of such Placement. The terms set forth in a Terms Agreement will not be binding on the Partnership or the Managers unless and until the Partnership and the Managers have each executed such Terms Agreement accepting all of the terms of such Terms Agreement. In the event of a conflict between the terms of this Agreement and the terms of a any Terms Agreement, the terms of such Terms Agreement will control.