Common use of Certain Returns of Capital Clause in Contracts

Certain Returns of Capital. Any portion of the capital contribution of the Limited Partnership to the Production Partnership which is distributed to the Limited Partnership pursuant to Section 3.4 of the Production Partnership Agreement shall be distributed promptly to the Unit Holders in proportion to the Depositary Units held by them as a return of part of their Subscription. In addition, the General Partner shall contribute cash to the Limited Partnership (with respect to which its Capital Account will be credited) in an amount equal to the amounts paid to the General Partner or its Affiliates from the Unit Holders' Subscriptions in respect of Commissions and Organization and Offering Costs attributable (on a proportionate basis) to the amount of the unexpended Unit Holders' Subscriptions so refunded, which cash shall be refunded pro rata to the Limited Partners (except that cash representing refunded Commissions shall be distributed to each Unit Holder in proportion to the manner in which Commissions attributable to its subscriptions were payable) together with the unexpended Unit Holders' Subscriptions.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)

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Certain Returns of Capital. Any portion of the capital contribution of the Limited Partnership to the Production NPI Partnership which is distributed to the Limited Partnership pursuant to Section 3.4 of the Production NPI Partnership Agreement shall be distributed promptly to the Unit Holders in proportion to the Depositary Units held by them as a return of part of their Subscription. In addition, the General Partner shall contribute cash to the Limited Partnership (with respect to which its Capital Account will be credited) in an amount equal to the amounts paid to the General Partner or its Affiliates from the Unit Holders' Subscriptions in respect of Commissions and Organization and Offering Costs attributable (on a proportionate basis) to the amount of the unexpended Unit Holders' Subscriptions so refunded, which cash shall be refunded pro rata to the Limited Partners (except that cash representing refunded Commissions and amounts charged as Organization and Offering Costs shall be distributed to each Unit Holder in proportion to the manner in which Commissions and Organization and Offering Costs attributable to its subscriptions his subscription were payable) together with the unexpended Unit Holders' Subscriptions.

Appears in 6 contracts

Samples: 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 Institutional Pension Energy Income P-2 LTD Ptnship)

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Certain Returns of Capital. Any portion of the capital contribution of the Limited Partnership to the Production Partnership which is distributed to the Limited Partnership pursuant to Section 3.4 of the Production Partnership Agreement shall be distributed promptly to the Unit Holders Limited Partners in proportion to the Depositary Units held by them their Capital Contributions as a return of part of their SubscriptionCapital Contributions. In addition, the General Partner Partners shall contribute cash to the Limited Partnership (with respect to which its their Capital Account Accounts will be credited) in an amount equal to the amounts paid to the General Partner Partners or its their Affiliates from the Unit HoldersLimited Partners' Subscriptions Capital Contributions in respect of Commissions and Organization and Offering Costs attributable (on a proportionate basis) to the amount of the unexpended Unit Holders' Subscriptions Capital Contributions so refunded, which cash shall be refunded pro rata to the Limited Partners (except that cash representing refunded Commissions shall be distributed to each Unit Holder Limited Partners in proportion to the manner in which Commissions attributable to its their subscriptions were payable) together with the unexpended Unit HoldersCapital Contributions. Geodyne Properties and PW Energy shall be responsible for 40% and 60%, respectively, of the obligation of the General Partners to contribute cash to the Limited Partnership in connection with a return of the Limited Partners' SubscriptionsCapital Contributions pursuant to this Section 3.4.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership I-F), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership I-F)

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