Representations Regarding Assignments Sample Clauses

Representations Regarding Assignments. Each Partner hereby covenants and agrees with the Partnership for the benefit of the Partnership and all Partners, that (i) it is not currently making a market in Interests and will not in the future make a market in Interests, (ii) it will not Assign its Interest, or any portion thereof, on an established securities market, a secondary market (or the substantial equivalent thereof) within the meaning of Code Section 7704(b) (and any regulations, proposed regulations, revenue rulings, or other official pronouncements of the Internal Revenue Service or Treasury Department that may be promulgated or published thereunder) without the prior written approval of the General Partner, and (iii) in the event such regulations, revenue rulings, or other pronouncements treat any or all arrangements that facilitate the selling of Interests and that are commonly referred to as “matching services” as being a secondary market or substantial equivalent thereof, it will not Assign any Interest, or any portion thereof, through a matching service without the prior written approval of the General Partner. Each Partner further agrees that it will not Assign any Interest, or any portion thereof, to any Person unless such Person agrees to be bound by this Section 8.11 and to Assign such Interests only to Persons who agree to be similarly bound.