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22. Binding Effect. This Agreement shall be binding upon
all of the parties, and their assigns, successors in interest,
personal representatives, estates, heirs or legatees.
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used in this Agreement indicates that such is the intent, words
in singular number shall include the plural and vice versa, and
words in the masculine gender shall include the feminine and
neuter genders and vice versa.
24. Validity. In the event that any provisions of this
Agreement shall be held to be invalid, the same shall not
af~Fect in any respect c~hatsoever, the validity of the remainder
of this Agreement.
25. Captions. Any section of Paragraph titles or captions
contained in this Agreement are for convenience only and shall
not be deemed a part of the content of this Agreement..
26. 'Purposes of Investment. All General and Limited
Partners represent that they are purchasing or acquiring their
Partnership Interests for investment purposes only and have no
present intent to sell same, it being understood that any
resale of any such interest witnin two (2) yea.rs from the date
of pu~chase thereof shall be prima facie evidence of an inten~
contrary to that expressed in this Paragraph.
27. Representations by Limited Partner. The Limited
Partner or stockholder of the Limited Partner (other than the
General Partners if it acquires any Limited Pa-rtnership
Interests and becomes a Limited Partner) represents to the
Partnersnip that, on the date ne executes his Subscription
A~rce,~~~nt :
(a) He is at least 21 years of age.
matters.
(b) He is experienced in investment and business
(c) Set forth on the Subscription Agreement is a true
and correct statement of his total direct an~ indirect (within
the meaning of Section 318 bf the Code) holdings of securities
of the General Partners or any corporate affiliate (within the
meaning of Section 1504(a) of the Code) of the General Partners.
(d) If the requirements of (a), (b) or (c) are not
met, that said stockholder or Limited Partner has had the
counsel of a qualified investment advisor in purchasing said
interest.
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