Common use of Compliance with Investment Advisers Act Clause in Contracts

Compliance with Investment Advisers Act. (a) The Partners acknowledge and agree that the Limited Partners, solely by virtue of their status as such or their rights under this Agreement, are not intended to be or become clients of the General Partner within the meaning of the Investment Advisers Act or any corresponding provision of other applicable law. Accordingly, notwithstanding any provision of this Agreement to the contrary, the General Partner shall not be required to provide any Limited Partner (in its capacity as such) with any advice, analysis or reports, or any other investment advisory services, regarding such Limited Partner’s direct actual or proposed investments in any securities. It is understood that the preceding sentence is not intended to override the General Partner’s obligation under Section 6.8 to provide information to a Limited Partner regarding such Limited Partner’s actual, direct interest in the Partnership.