Common use of Commissions and Organizational Clause in Contracts

Commissions and Organizational. and Offering Costs shall be allocated 1% to the General Partner and 99% to the Depositary (on behalf of the Unit Holders as a class), and will be allocated and charged among the Unit Holders as follows: (i) to the extent necessary, to each Unit Holder in an amount sufficient to cause all of the Unit Holders' Capital Account balances to be in the ratio of the Depositary Units owned by the Unit Holders, and (ii) any remaining amount pursuant to Section 5.3.

Appears in 4 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

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