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.
Appears in 14 contracts
Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Energy Income LTD Partnership Ii-B, Geodyne Energy Income LTD Partnership Ii-B
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, Units may elect to reconstitute the Limited Partnership prior to application of the liquidation provisions of Section 9.2.
Appears in 2 contracts
Samples: Geodyne Institutional Pension Energy Inc LTD Partnership P-7, Geodyne Institutional Pension Energy Inc LTD Partnership P-7
