Incapacity of the Limited Partnership. Upon the Incapacity of the Limited Partnership or upon the seizure of a Limited Partnership's Interest in the Production Partnership, the successor to such Limited Partnership's Interest ("Successor") shall be deemed an assignee of such Limited Partnership's Interest in the Production Partnership and neither the Production Partnership nor the Successor shall have the right to demand immediate valuation and payment of such Limited Partnership's Interest.
Appears in 6 contracts
Samples: Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)
Incapacity of the Limited Partnership. Upon the Incapacity of the Limited Partnership or upon the seizure of a Limited Partnership's Interest in the Production Partnership, the successor to such Limited Partnership's Interest ("Successor") shall be deemed an assignee of such Limited Partnership's Interest in the Production Partnership and neither the Production Partnership nor the Successor shall have the right to demand immediate valuation and payment of such Limited Partnership's Interestinterest.
Appears in 1 contract
Samples: Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)
