Eligible Investors. A. If the General Partner determines that a Unit Holder is not an Eligible Investor then the Unit Holder shall immediately be divested of its rights to Consent on matters submitted to Unit Holders (and no such Units shall be deemed outstanding for purposes of Consents of Unit Holders under this Agreement). At any time after it can and does certify that it has become an Eligible Investor, a Unit Holder may, upon application to the General Partner, retain all of the rights and benefits attributable to his Units.
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
Eligible Investors. A. If the General Partner determines that a Unit Holder or Substituted Limited Partner is not an Eligible Investor (i) then the Unit Holder shall immediately be divested of its rights to Consent on matters submitted to Unit Holders and Substituted Limited Partners (and no such Depositary Units shall be Consented by the Depositary or otherwise deemed outstanding for purposes of Consents of Unit Holders under this Agreement). At any time after it can and does certify that it has become an Eligible Investor, a Unit Holder may, upon application to the General Partner, retain all of the rights and benefits attributable to his Units.and
Appears in 1 contract