Common use of Depositary Receipts Clause in Contracts

Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary will execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.1, upon receipt of a properly executed application for transfer, the Depositary shall within three business days execute and forward Depositary Receipts to the respective transferees. C. Depositary Receipts may be endorsed with, have incorporated in the text thereof or be accompanied by such legends or recitals, attachments or changes, not inconsistent with the provisions of this Agreement, as may be required to comply with any applicable law or regulation, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall be duly executed on behalf of the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary. No Depositary Receipt shall be entitled to any benefit under this Agreement or be valid for any purpose unless it bears such signature.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G)

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Depositary Receipts. A. Within 45 days of Promptly after the Activation of the Partnership, the Depositary will shall execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.1, upon receipt approval of the General Partner of a properly executed application for transfer, the Depositary shall within three ten business days execute and forward Depositary Receipts to the respective transferees. C. Depositary Receipts may be endorsed with, have incorporated in the text thereof or be accompanied by such legends or recitals, attachments or changes, not inconsistent with the provisions of this Agreement, as may be required to comply with any applicable law or regulation, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall be duly executed on behalf of the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary. No Depositary Receipt shall be entitled to any benefit under this Agreement or be valid for any purpose unless it bears such signature. D. All Depositary Receipts executed by the Depositary shall be numbered consecutively. The Unit Holder of each numbered Depositary Receipt shall be registered on the books of the Depositary maintained pursuant to Section 13.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Geodyne Institutional Pension Energy Inc LTD Partnership P-7), Limited Partnership Agreement (Geodyne Institutional Pension Energy Inc LTD Partnership P-7)

Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary will execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.1, upon receipt of a properly executed application for transfer, the Depositary shall within three business days execute and forward Depositary Receipts to the respective transferees. C. Depositary Receipts may be endorsed with, have incorporated in the text thereof or be accompanied by such legends or recitals, attachments or changes, not inconsistent with the provisions of this Agreement, as may be required to comply with any applicable law or regulation, regulation or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall be duly executed on behalf of the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary. No Depositary Receipt shall be entitled to any benefit under this Agreement or be valid for any purpose unless it bears such signature. D. All Depositary Receipts executed by the Depositary shall be numbered consecutively. The Unit Holder of each numbered Depositary Receipt shall be registered on the books of the Depositary maintained pursuant to Section 13.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G)

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Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary will execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.1, upon receipt of a properly executed application for transfer, the Depositary shall within three business days execute and forward Depositary Receipts to the respective transferees. C. Depositary Receipts may be endorsed with, have incorporated in the text thereof or be accompanied by such legends or recitals, attachments or changes, not inconsistent with the provisions of this Agreement, as may be required to comply with any applicable law or regulation, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall be duly executed on behalf of the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary. No Depositary Receipt shall be entitled to any benefit under this Agreement or be valid for any purpose unless it bears such signature. D. All Depositary Receipts executed by the Depositary shall be numbered consecutively. The Unit Holder of each numbered Depositary Receipt shall be registered on the books of the Depositary maintained pursuant to Section 13.

Appears in 1 contract

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Iii-G)

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