Common use of Incapacity of the General Partner Clause in Contracts

Incapacity of the General Partner. A. In the event of the Incapacity of the General Partner, the Limited Partnership shall be dissolved. However, within 90 days thereafter the Depositary, upon the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units, may elect to reconstitute the Limited Partnership prior to application of the liquidation provisions of Section 9.2. B. Upon the Incapacity of the General Partner, the Person who is its legal representative shall have all the rights of a General Partner for the purpose of settling or managing its estate and such power as the Incapacitated General Partner possessed to assign all or any part of its Interest and to join with such assignee in satisfying conditions precedent to such assignee becoming a Substituted Partner. Section 6.7. Termination of Contracts with General Partner or Managing Partner Subject to and upon fulfilling the conditions of Section 12.3, the power shall be vested in the Unit Holders to terminate any or all contracts between the General Partner or any Affiliate and the Limited Partnership, or to cause the General Partner, on behalf of the Limited Partnership, to terminate any contracts between the Managing Partner or any Affiliate and the Production Partnership, and select, or cause the General Partner, on behalf of the Limited Partnership, to select, as the case may be, a replacement Person therefor upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtained.

Incapacity of the General Partner. A. In the event of the Incapacity of the General Partner, the Limited Partnership shall be dissolved. However, within 90 days thereafter the Depositary, upon the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units, may elect to reconstitute the Limited Partnership prior to application of the liquidation provisions of Section 9.2. B. Upon the Incapacity of the General Partner, the Person who is its legal representative shall have all the rights of a General Partner for the purpose of settling or managing its estate and such power as the Incapacitated General Partner possessed to assign all or any part of its Interest and to join with such assignee in satisfying conditions precedent to such assignee becoming a Substituted Partner. Section 6.7. Termination of Contracts with General Partner or Managing Partner Subject to and upon fulfilling the conditions of Section 12.3, the power shall be vested in the Unit Holders to terminate any or all contracts between the General Partner or any Affiliate and the Limited Partnership, or to cause the General Partner, on behalf of the Limited Partnership, to terminate any contracts between the Managing Partner or any Affiliate and the Production NPI Partnership, and select, or cause the General Partner, on behalf of the Limited Partnership, to select, as the case may be, a replacement Person therefor upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtained.