Common use of Comply With Offering Procedures Clause in Contracts

Comply With Offering Procedures. Managing Dealer agrees to take, and agrees further to cause the Soliciting Dealers to take, those steps deemed necessary or desirable by legal counsel to the Partnership to comply with all laws and procedures applicable to the offering of Units for sale in the jurisdictions selected by the Partnership and approved by the Managing Dealer. The Partnership shall provide a legal opinion from its counsel, in satisfactory form and substance to legal counsel for the Managing Dealer, to advise the effective date of the Prospectus and to otherwise support the registration of the securities for sale together with a legal memorandum to identify the states and other jurisdictions, if any, in which the securities may be sold (the "Blue Sky Survey"). Sales Agents shall offer the Units for sale in those jurisdictions listed in said Blue Sky Survey and will use only the sales and advertising literature specifically supplied and authorized by the General Partner. Additional copies of the Prospectus will be supplied to Sales Agents in reasonable quantities upon request. The Partnership will also provide Sales Agents with reasonable quantities of supplemental literature, if any, prepared by the Partnership in connection with the offering of the Units.