Common use of Liquidation of Investor Partnership Units Clause in Contracts

Liquidation of Investor Partnership Units. On the Effective Date, the Partnership shall liquidate all of the units of interest in the Partnership (each a “Unit” and collectively the “Units”) held by the Investors as of the Effective Date and each Unit held by an Investor shall automatically be converted into the right to receive $7,544.00 per Unit, less the sum of the per Unit cash distributions made after June 30, 2010 and before the Closing Date (the “Per Unit Price,” which shall be proportionally adjusted for partial Units). PDC shall deliver to each Investor the cash payment for such Investor’s liquidated Units within 30 days after completion of the Merger.

Liquidation of Investor Partnership Units. On the Effective Date, the Partnership shall liquidate all of the units of interest in the Partnership (each a “Unit” and collectively the “Units”) held by the Investors as of the Effective Date and each Unit held by an Investor shall automatically be converted into the right to receive $7,544.00 8,250.00 per Unit, less the sum of the per Unit cash distributions made after June 30, 2010 and before the Closing Date (the “Per Unit Price,” which shall be proportionally adjusted for partial Units). PDC shall deliver to each Investor the cash payment for such Investor’s liquidated Units within 30 days after completion of the Merger.

Liquidation of Investor Partnership Units. On the Effective Date, the Partnership shall liquidate all of the units of interest in the Partnership (each a “Unit” and collectively the “Units”) held by the Investors as of the Effective Date and each Unit held by an Investor shall automatically be converted into the right to receive $7,544.00 5,650.00 per Unit, less the sum of the per Unit cash distributions made after June 30, 2010 and before the Closing Date (the “Per Unit Price,” which shall be proportionally adjusted for partial Units). PDC shall deliver to each Investor the cash payment for such Investor’s liquidated Units within 30 days after completion of the Merger.

Liquidation of Investor Partnership Units. On the Effective Date, the Partnership shall liquidate all of the units of interest in the Partnership (each a “Unit” and collectively the “Units”) held by the Investors as of the Effective Date and each Unit held by an Investor shall automatically be converted into the right to receive $7,544.00 8,400.00 per Unit, less the sum of the per Unit cash distributions made after June 30, 2010 and before the Closing Date (the “Per Unit Price,” which shall be proportionally adjusted for partial Units). PDC shall deliver to each Investor the cash payment for such Investor’s liquidated Units within 30 days after completion of the Merger.