Assignment of General Partner Interest. Subject to Section 12.3 and Section 6.5B, upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtained, the General Partner may assign or transfer its General Partner Interest to a person who shall become a successor General Partner; provided, however, that no such consent shall be required in connection with an assignment or transfer pursuant to the merger, consolidation or transfer of all or substantially all of the assets of the General Partner.
Appears in 7 contracts
Samples: Geodyne Energy Income LTD Partnership Ii-B, Geodyne Energy Income LTD Partnership Ii-B, Geodyne Energy Income LTD Partnership Ii-B
Assignment of General Partner Interest. Subject to Section 12.3 and Section 6.5B, upon the Consent of the Depositary, which shall be given if obtaining the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtainedUnits, the General Partner may assign or transfer its General Partner Interest interest to a person who Person which shall become a successor General Partner; provided, however, that no such consent Consent shall be required in connection with an assignment or transfer pursuant to the merger, consolidation or transfer of all or substantially all of the assets of the General Partner.
Appears in 7 contracts
Samples: Geodyne Energy Income LTD Partnership Iii-G, Geodyne Energy Income LTD Partnership Iii-G, Geodyne Energy Income LTD Partnership Iii-G
Assignment of General Partner Interest. Subject to Section 12.3 and Section 6.5B, upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtained, the General Partner may assign or transfer its General Partner Interest to a person who shall become a successor General Partner; provided, however, that no such consent Consent shall be required in connection with an assignment or transfer pursuant to the merger, consolidation or transfer of all or substantially all of the assets of the General Partner.
Appears in 6 contracts
Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship
Assignment of General Partner Interest. Subject to Section 12.3 and Section 6.5B, upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders holders owning more than 50% of the outstanding Depositary Units is obtained, the General Partner may assign or transfer its General Partner Interest to a person who shall become a successor General Partner; provided, however, that no such consent shall be required in connection with an assignment or transfer pursuant to the merger, consolidation or transfer of all or substantially all of the assets of the General Partner.
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