The Units. The Units, when issued, will be duly and validly issued and will conform to the description thereof contained in the Prospectus; such Units are not subject to the preemptive rights of any Unit holder of the Partnership; and all action required to be taken for the authorization, issue and sale of such Units has been validly and sufficiently taken.
Appears in 11 contracts
Sources: Soliciting Dealer Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Soliciting Dealer Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Soliciting Dealer Agreement (Reef 2012 - 2013 Drilling Fund, L.P.)