Issuance of Unit Certificates. Upon the issuance of the Units, the General Partner shall cause the Partnership to issue one or more Certificates registered in the name of each Limited Partner evidencing the number of Units so issued. Each such Certificate shall be denominated in terms of the number of Units evidenced by such Certificate. Upon the transfer of a Unit in accordance with Article XIII hereof, the General Partner shall cause the Partnership to issue replacement Certificates, in accordance with such procedures as the General Partner, in 33 39 its discretion, may establish. No Certificate shall be issued representing a fraction of a Unit.
Appears in 1 contract
Sources: Limited Partnership Agreement (Oppenheimer Capital L P /De/)
Issuance of Unit Certificates. Upon the issuance of the Units, the General Partner shall cause the Partnership to issue one or more Certificates registered in the name of each Limited Partner evidencing the number of Units so issued. Each such Certificate shall be denominated in terms of the number of Units evidenced by such Certificate. Upon the transfer of a Unit in accordance with Article XIII hereofXIII, the General Partner shall cause the Partnership to issue replacement Certificates, in accordance with such procedures as the General Partner, in 33 39 its discretion, may establish. No Certificate shall be issued representing a fraction of a Unit.
Appears in 1 contract
Sources: Limited Partnership Agreement (Heartland Partners L P)