Common use of State Securities Registration Clause in Contracts

State Securities Registration. Incident to the offer and sale of the Units, the Managing General Partner will either use its best efforts in taking all necessary action and filing all necessary forms and documents deemed reasonable by it in order to qualify or register Units for sale under the securities laws of the states requested by you pursuant to Section 6 (i) of this Agreement or use its best efforts in taking any necessary action and filing any necessary forms deemed reasonable by it which are required to obtain an exemption from qualification or registration in the states. Notwithstanding, the Managing General Partner may elect not to qualify or register Units in any state in which it deems such qualification or registration is not warranted for any reason in its sole discretion. The Managing General Partner and its counsel will inform you as to the jurisdictions in which the Units have been qualified for sale or are exempt under the respective securities or blue sky laws of such jurisdictions; but the Managing General Partner has not assumed and will not assume any obligation or responsibility as to your right or any Selling Agent's right to act as a broker/dealer with respect to the Units in such jurisdictions. The Managing General Partner will provide to you and the Selling Agents for delivery to all offerees and purchasers and their representatives, any additional information, documents and instruments which the Managing General Partner deems necessary to comply with the rules, regulations and judicial and administrative interpretations in those states and jurisdictions for the offer and sale of the Units in those states. The Managing General Partner will file all post-offering forms, documents or materials and take all other actions required by the states in which the offer and sale of Units have been qualified or are exempt or in which the Units have been registered. However, the Managing General Partner shall not be required to take any actions, make any filings or prepare any documents necessary or required in connection with your status or any Selling Agent's status as a broker/dealer under the laws of such states. The Managing General Partner shall provide you with copies of all applications, filings, correspondence, orders or other documents or instruments relating to any application for qualification, registration or other approval under applicable state or Federal securities laws for the offering.

State Securities Registration. Incident to the offer and sale of the Units, the Managing General Partner will either use its best efforts in taking all necessary action and filing all necessary forms and documents deemed reasonable by it in order to qualify or register Units for sale under the securities laws of the states requested by you pursuant to Section 6 (i) of this Agreement hereof or use its best efforts in taking any necessary action and filing any necessary forms deemed reasonable by it which are required to obtain an exemption from qualification or registration in the such states. Notwithstanding, the Managing General Partner may elect not to qualify or register Units in any state in which it deems such qualification or registration is not warranted for any reason in its sole discretion. The Managing General Partner and its counsel will inform you as to the jurisdictions in which the Partnership Units have been qualified for sale or are exempt under the respective securities or blue sky laws of such jurisdictions; but the Managing General Partner has not assumed and will not assume any obligation or responsibility as to your right or any Selling Agent's right to act as a broker/-dealer with respect to the Units in any such jurisdictionsjurisdiction. The Managing General Partner will provide to you and the Selling Agents for delivery to all offerees and purchasers and their representatives, any additional information, documents and instruments which the Managing General Partner deems necessary to comply with the rules, regulations and judicial and administrative interpretations in those states and jurisdictions for the offer and sale of the Units in those such states. The Managing General Partner will file all post-offering forms, documents or materials and take all other actions required by the states in which the offer and sale of Units have been qualified or are exempt or in which the Units have been registered. However, the Managing General Partner shall not be required to take any actions, make any filings or prepare any documents necessary or required in connection with your status or any Selling Agent's status as a broker/-dealer under the laws of such states. The Managing General Partner shall promptly provide you with copies of all applications, filings, correspondence, orders or other documents or instruments relating to any application for qualification, registration or other approval under applicable state or Federal securities laws for the offering.

State Securities Registration. Incident to the offer and sale of the Units, the Managing General Partner will either use its best efforts in taking all necessary action and filing all necessary forms and documents deemed reasonable by it in order to qualify or register Units for sale under the securities laws of the states requested by you pursuant to Section 6 (i6(i) of this Agreement hereof or use its best efforts in taking any necessary action and filing any necessary forms deemed reasonable by it which are required to obtain an exemption from qualification or registration in the such states. Notwithstanding, the Managing General Partner may elect not to qualify or register Units in any state in which it deems such qualification or registration is not warranted for any reason in its sole discretion. The Managing General Partner and its counsel will inform you as to the jurisdictions in which the Partnership Units have been qualified for sale or are exempt under the respective securities or blue sky laws of such jurisdictions; but the Managing General Partner has not assumed and will not assume any obligation or responsibility as to your right or any Selling Agent's right to act as a broker/-dealer with respect to the Units in any such jurisdictionsjurisdiction. The Managing General Partner will provide to you and the Selling Agents for delivery to all offerees and purchasers and their representatives, any additional information, documents and instruments which the Managing General Partner deems necessary to comply with the rules, regulations and judicial and administrative interpretations in those states and jurisdictions for the offer and sale of the Units in those such states. The Managing General Partner will file all post-offering forms, documents or materials and take all other actions required by the states in which the offer and sale of Units have been qualified or are exempt or in which the Units have been registered. However, the Managing General Partner shall not be required to take any actions, make any filings or prepare any documents necessary or required in connection with your status or any Selling Agent's status as a broker/-dealer under the laws of such states. The Managing General Partner shall promptly provide you with copies of all applications, filings, correspondence, orders or other documents or instruments relating to any application for qualification, registration or other approval under applicable state or Federal securities laws for the offering.