Reliance by the Partnership Sample Clauses
The "Reliance by the Partnership" clause establishes the right of the partnership to depend on the accuracy and completeness of information, representations, or documents provided by its partners, agents, or third parties. In practice, this means that the partnership is not required to independently verify every statement or document it receives in the ordinary course of business, such as financial reports or compliance certifications. The core function of this clause is to streamline decision-making and operations by allowing the partnership to act on provided information without incurring additional verification burdens, thereby reducing administrative overhead and clarifying responsibility for the accuracy of information.
Reliance by the Partnership. Such Purchaser understands that the Purchased Units are being offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the applicability of such exemptions and the suitability of such Purchaser to acquire the Purchased Units and the Conversion Units issuable upon conversion thereof.
Reliance by the Partnership. Each Unitholder understands and acknowledges that the Partnership is entering into the Merger Agreements in reliance upon Unitholder’s execution and delivery of this Agreement and the representations, warranties, covenants and obligations of Unitholder contained herein.
Reliance by the Partnership. The EPD Unitholder and EPCO Holdings each understands and acknowledges that the Partnership is entering into the Merger Agreement in reliance upon EPD Unitholder’s and EPCO Holdings’ execution and delivery of this Agreement and the representations, warranties, covenants and obligations of each of EPD Unitholder and EPCO Holdings contained herein.
Reliance by the Partnership. The Parties hereby agree that, to the extent any of the representations and warranties of the Autodata Parties and DealerTrack set forth in ARTICLE 4 and ARTICLE 5 above, respectively, relates to any Transaction Document to which the Partnership or the Company is or shall be a party, such representations and warranties shall be deemed to have been made to the Partnership and the Company; provided, however, that (a) if the Partnership or the Company pursues any claim against DealerTrack for an alleged breach of representation or warranty, and a Governmental Authority denies the claim made by the Partnership or the Company, the Autodata Parties shall reimburse the Partnership and the Company for all costs associated with pursuing such claim, and (b) if the Partnership or the Company pursues any claim against any Autodata Party for an alleged breach of representation or warranty, and a Governmental Authority denies the claim made by the Partnership or the Company, DealerTrack shall reimburse the Partnership and the Company for all costs associated with pursuing such claim. 57 10.6
Reliance by the Partnership. UGI understands that the Purchased Units are being offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of UGI set forth herein in order to determine the applicability of such exemptions and the suitability of UGI to acquire the Purchased Units and the PIK Units, and any Conversion Units issuable upon conversion thereof.
Reliance by the Partnership. The Partner understands that the Partner Units to be issued to the Partner under the Transaction Documents are being offered and sold in reliance on an exemption from the registration requirements of federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments, and understandings of the Partner set forth herein and in the Partnership Agreement in order to determine the applicability of such exemption and the suitability of the Partner to acquire such Partner Units.
Reliance by the Partnership. Such Purchaser understands that the Purchased Units and the Warrants are being offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the applicability of such exemptions and the suitability of such Purchaser to acquire the Purchased Units, the PIK Units and the Warrants, and the Conversion Units and Warrant Exercise Units issuable upon conversion, redemption or exercise thereof.
Reliance by the Partnership. Such Purchaser understands that the Series D Preferred Units are being offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the applicability of such exemptions and the suitability of such Purchaser to acquire the Series D Preferred Units and the PIK Units, and the Conversion Units issuable upon conversion thereof.