Common use of Valid Issuance of the Units Clause in Contracts

Valid Issuance of the Units. The Units have been duly authorized and, when issued and delivered against payment therefor pursuant to this Agreement, will be validly issued in accordance with the Partnership Agreement, fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by (A) matters described in the Registration Statement and the Prospectus and (B) Sections 17-303, 17-607 or 17-804 of the Delaware LP Act), and will conform in all material respects to the description thereof contained in the Prospectus.

Valid Issuance of the Units. The Units have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered against payment therefor by the Partnership pursuant to this AgreementAgreement against payment of the consideration set forth herein, will be validly issued in accordance with the Partnership Agreement, and fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by (A) matters described in the Registration Statement and the Prospectus and (B) Sections 17-303, 17-607 or and 17-804 of the Delaware LP Act), and will conform in all material respects to the description thereof contained in the Prospectus.