Common use of Securities Regulation Clause in Contracts

Securities Regulation. (a) It acknowledges and agrees that the Partnership Interest is being issued and sold in reliance on the exemption from registration contained in Section 4(2) of the Securities Act and exemptions contained in applicable state securities laws, and that it cannot and will not be sold or transferred except in a transaction that is exempt under the Securities Act and those state acts or pursuant to an effective registration statement under those acts or in a transaction that is otherwise in compliance with the Securities Act and those state acts.

Securities Regulation. (ai) It acknowledges and agrees that the Partnership Interest is Interests are being issued and sold in reliance on the exemption from registration contained in Section 4(2) of the Securities Federal Act and exemptions contained in applicable state securities laws, and that it his or its Partnership Interest cannot and will not be sold or transferred except in a transaction that which is exempt under the Securities Federal Act and those state acts or pursuant to an effective registration statement under those acts or in a transaction that which is otherwise in compliance with the Securities Federal Act and those state acts.