Common use of Subscription Funds Clause in Contracts

Subscription Funds. All funds received by the General Partner on account of the Subscription Price of a Unit will, until the subscription for the Unit has been accepted or refused by the General Partner, be deposited in an account separate from other funds of the General Partner or the Partnership, and any interest on funds so deposited and not refunded to a Subscriber pursuant to Section 4.4 will be income of the Partnership.

Subscription Funds. All funds received by the General Partner on account of the Subscription Price of a Unit will, until the subscription for the Unit has been accepted or refused by the General Partner, be deposited in an account separate from other funds of the General Partner or the Partnership, and any interest on funds so deposited and not refunded to a Subscriber pursuant to Section 4.4 4.6 will be income of the Partnership.