Common use of Intent to be Bound Clause in Contracts

Intent to be Bound. Each of the parties subscribing hereto intend to be fully bound by this Agreement whether or not all of the other persons listed on the signature pages hereto execute this Agreement. All persons who execute this Agreement, or any counterpart hereof, shall become Partners and shall be bound hereby. If any person listed on the signature pages hereto fails to sign this Agreement, the Partnership Percentages shall be recomputed by the Managing Partners based on the number of shares of Stock and cash actually contributed to the Partnership. 39 40

Intent to be Bound. Each of the parties subscribing hereto intend to be fully bound by this Agreement whether or not all of the other persons listed on the signature pages hereto execute this Agreement. All persons who execute this Agreement, or any counterpart hereof, shall become Partners and shall be bound hereby. If any person listed on the signature pages hereto fails to sign this Agreement, the Partnership Percentages shall be recomputed by the Managing Partners based on the number of shares of Stock and cash actually contributed to the Partnership. 39 40.