Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B, it is the intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders. B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement. C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.
Appears in 9 contracts
Sources: Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B, it is the intention of the parties hereto that that, except to the extent set forth in Section 3.6B, Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner Partners under the Act and this Agreement shall extend to the Unit Holders.
B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and other Unit Holders shall share pari passu on the basis of one Limited Partner Interest interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement.
C. Limited Partners (other than the Depositary) and Subject to Section 12.2, Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit HoldersHolders who are not Substituted Limited Partners.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G)
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B7.lB, it is the i▇ ▇▇e intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders.
B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement.
C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B7.lB, it is the intention in▇▇▇▇ion of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders.
B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement.
C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.
Appears in 1 contract
Sources: Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship)
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B7.lB, it is ▇▇ ▇s the intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders.
B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement.
C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.
Appears in 1 contract
Sources: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B7.lB, it is the ▇▇▇ intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders.
B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement.
C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.
Appears in 1 contract
Sources: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)