Common use of Initial Units Clause in Contracts

Initial Units. Upon the basis of the agreements, warranties and representations and other terms and conditions herein set forth, at the purchase price per share of Common Units of $[ ], the Partnership agrees to sell to the Underwriters the number of Initial Units set forth in Schedule I opposite its name, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership the number of Initial Units set forth in Schedule II opposite such Underwriter’s name, plus any additional number of Initial Units which such Underwriter may become obligated to purchase pursuant to the provisions of Section 8 hereof, subject in each case, to such adjustments among the Underwriters as the Representatives in their sole discretion shall make to eliminate any sales or purchases of fractional units.

Initial Units. Upon Subject to the provisions of Section 2(c), upon the basis of the agreements, warranties representations and representations and other terms and conditions herein set forth, at the purchase price per share Unit of Common Units of $[ ]$ , the Partnership Company agrees to sell to each of the Underwriters the number of Initial Units set forth in Schedule I opposite its nameI, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership Company the number of Initial Units set forth in Schedule II I opposite such Underwriter’s name, plus any additional number of Initial Units which that such Underwriter may become obligated to purchase pursuant to the provisions of Section 8 hereof, subject in each case, to such adjustments among the Underwriters as the Representatives in their sole discretion shall make to eliminate any sales or purchases of fractional unitsshares.