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Common use of Optional Repurchase Right Clause in Contracts

Optional Repurchase Right. Any Unit Holder or Substituted Limited Partner shall have the right, at his option, to present his Units to the General Partner or its designated Affiliate for repurchase on the basis set forth in this Article Fifteen.

Appears in 23 contracts

Sources: Second Amendment to Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership Ii-B), Second Amendment to Amended and Restated Agreement of Limited Partnership (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Second Amendment to Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership Ii-B)

Related Clauses

  • Optional Repurchase
  • Repurchase Right
  • Exercise of Repurchase Right
  • Purchase Right
  • Repurchase Rights

Parent Clauses

  • Indemnification by the Securities Administrator
  • Indemnification by the Trustee
  • PURCHASE OF MORTGAGE LOANS AND TERMINATION OF THE TRUST FUND
  • Preparation of Tax Returns and Other Reports
  • No Merger

Sub-Clauses

  • Access to List of Holders
  • Acts of Holders of Certificates
  • Limitation on Rights of Holders
  • Power to Act; Procedures
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