Common use of Depositary Receipts Clause in Contracts

Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary shall execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Depositary Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.3, 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 with the rules and regulations of any securities exchange upon which the Depositary Units may be listed, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Depositary Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall bear the Depositary's corporate seal and shall be duly executed on behalf of the Depositary by the manual or facsimile signature of the duly authorized officers 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 signatures and corporate seal. 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 7 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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Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary shall execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Depositary Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.3, 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 with the rules and regulations of any securities exchange upon which the Depositary Units may be listed, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Depositary Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall bear the Depositary's corporate seal and shall be duly executed on behalf of the Depositary by the manual or facsimile signature of the duly authorized officers 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 signatures and corporate seal. 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 6 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)

Depositary Receipts. A. Within 45 days of the Activation of the Partnership, the Depositary shall will execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Depositary Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.38.1, 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 with the rules and regulations of any securities exchange upon which the Depositary Units may be listedregulation, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Depositary Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall bear the Depositary's corporate seal and shall be duly executed on behalf of the Depositary by the manual or facsimile signature of the a duly authorized officers 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 signatures and corporate sealsignature. 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 13.13.3A. E. Upon surrender by the Unit Holder in person or by duly authorized attorney of one or more Depositary Receipts at the Depositary's principal office, or at any other office it may designate for the purpose, for split-up or combination, the Depositary shall, subject to the terms and conditions of this Agreement and the Depositary Receipt, execute and deliver one or more new Depositary Receipts in authorized denominations as requested, evidencing the same aggregate number of Units as evidenced by the Depositary Receipt(s)

Appears in 1 contract

Samples: 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 shall execute and forward to each Unit Holder Depositary Receipts evidencing the ownership by the Unit Holder as of the date of Activation the Depositary Units for which such Unit Holder subscribed. B. Pursuant to the terms of Section 8.3, 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 with the rules and regulations of any securities exchange upon which the Depositary Units may be listed, or to conform with any usage with respect thereto, or to indicate any special limitation or restriction to which any particular Depositary Unit may be subject, or as may for any other reason be required. Each Depositary Receipt shall bear the Depositary's corporate seal and shall be duly executed on behalf of the Depositary by the manual or facsimile signature of the duly authorized officers 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 signatures and corporate seal. 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 13l3.3A. E. Upon surrender by the Unit Holder in person or by duly authorized attorney of one or more Depositary Receipts at the Depositary's principal office, or at any other office it may designate for the purpose, for split--up or combination, the Depositary shall, subject to the terms and conditions of this Agreement and the Depositary Receipt, execute and deliver one or more new Depositary Receipts in authorized denominations as requested, evidencing the same aggregate number of Depositary Units as evidenced by the Depositary Receipt(s) surrendered. F. If any Depositary Receipt is mutilated, destroyed, lost or stolen, the Depositary shall execute and deliver a Depositary Receipt in like form and tenor in exchange and substitution for the mutilated, destroyed, lost or stolen Depositary Receipt; provided, that the Depositary may require the Unit Holder to (i) surrender any mutilated Depositary Receipt, (ii) file with the Depositary, in a forum and manner satisfactory to it, proof of the destruction, loss or theft, and of such Unit Holder's ownership, of the Depositary Receipt and (iii) furnish to the Depositary reasonable indemnification (including posting of an indemnity bond) satisfactory to the Depositary. G. As a condition precedent to the execution and delivery, transfer, split-up, combination, surrender, conversion or exchange of any Depositary Receipt, the Depositary may require (i) payment of a sum sufficient for reimbursement of any tax or other governmental charge with respect thereto, (ii) production of proof satisfactory to it as to the identity and genuineness of any signature or endorsement or as to the due authorization of the action, (iii) filing of such information and execution of such documents by the transferor and/or the transferee as may be required by this Agreement or the Depositary Receipt or otherwise is deemed necessary or appropriate by the Depositary and (iv) compliance with such other conditions as may be imposed under applicable laws and regulations. The Depositary shall be entitled to rely upon, and shall not have any liability to the Limited Partnership, the General Partner, any Unit Holder or any other Person with respect to the content of any proof submitted to it pursuant to this Section l3.1G, and shall have no obligation to inquire as to the truth and accuracy thereof (except for acts or omissions resulting from the Depositary's gross negligence) H. All Depositary Receipts surrendered to the Depositary shall be cancelled. The Depositary shall retain all cancelled Depositary Receipts and other instruments, documents and records in accordance with the policies and regulations of the Depositary, federal securities laws and the rules and regulations of any securities exchange or market upon which the Depositary Receipts may be listed or quoted.

Appears in 1 contract

Samples: Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship)

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