Withdrawal of certificates. Upon the written request of any Limited Partner or Assignee accompanied by a surrendered Depositary Receipt held by a Limited Partner or Assignee, the Partnership will cause to be issued to such Person a Certificate or Certificates in the name of such Person evidencing the same number of Units. If such Person is an Assignee, upon the issuance of the Certificate, this Agreement shall be amended to effect the admission of such Assignee as a Substituted Limited Partner, which admission shall be set forth on the books and records of the Partnership. A Limited Partner may redeposit any such Certificate with the Depositary which shall then reissue Depositary Receipts in the name of the Limited Partner or an Assignee thereof upon sixty (60) days’ prior written notice.
Appears in 3 contracts
Sources: Agreement of Limited Partnership (Royal Hawaiian Orchards, L.P.), Agreement of Limited Partnership (Royal Hawaiian Orchards, L.P.), Agreement of Limited Partnership (Ml Macadamia Orchards L P)