Common use of Meetings of Partners and Unit Holders Clause in Contracts

Meetings of Partners and Unit Holders. The General Partner may at any time call a meeting of the Unit Holders or for a vote, without a meeting, of the Unit Holders on matters upon which the Unit Holders are entitled to provide their Consent, and shall call for such a meeting or vote upon receipt by the General Partner of a request therefor made by Unit Holders owning at least 10% of the outstanding Depositary Units as of the date of receipt of such Notification. Within 15 days of the receipt of the Notification, the General Partner shall notify all Unit Holders of record as of the date of the Notification as to the time and place of the meeting, if called, and the general nature of the business to be transacted thereat, or if no such meeting has been called, of the matter or matters to be voted upon and the date upon which the votes will be counted. Any Unit Holders meeting or the date upon which such votes, without a meeting, will be counted (regardless of whether the General Partner has called for such meeting or vote upon the request of Unit Holders or has initiated such event without such request) shall be not less than 30 or more than 60 days following mailing of the Notification thereof by the General Partner. All expenses of the meetings, voting and such Notification shall be borne by the Limited Partnership.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)

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Meetings of Partners and Unit Holders. The General Partner may at any time call a meeting of the Unit Holders or for a vote, without a meeting, of the Unit Holders on matters upon which the Unit Holders are entitled to provide their Consent, and shall call for such a meeting or vote upon receipt by the General Partner of a request therefor made by Unit Holders owning at least 10% of the outstanding Depositary Units as of the date of receipt of such Notification. Within 15 days of the receipt of the Notification, the General Partner shall notify all Unit Holders of record as of the date of set by the Notification General Partner (which date shall be not less than 10 days and not more than 60 days prior to the date set for the meeting or consent) as to the time and place of the meeting, if called, and the general nature of the business to be transacted thereat, or if no such meeting has been called, of the matter or matters to be voted upon and the date upon which the votes will be counted. Any Unit Holders meeting or the date upon which such votes, without a meeting, will be counted (regardless of whether the General Partner has called for such meeting or vote upon the request of Unit Holders or has initiated such event without such request) shall be not less than 30 or more than 60 days following mailing of the Notification thereof by the General Partner. All expenses of the meetings, voting and such Notification shall be borne by the Limited Partnership.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Limited Partnership Agreement (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship)

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Meetings of Partners and Unit Holders. The General Partner may at any time call a meeting of the Unit Holders or for a vote, without a meeting, of the Unit Holders on matters upon which the Unit Holders are entitled to provide their Consent, and shall call for such a meeting or vote upon receipt by the General Partner of a request therefor made by Unit Holders owning at least 10% of the outstanding Depositary Units as of the date of receipt of such Notification. Within 15 days of the receipt of the Notification, the General Partner shall notify all Unit Holders of record as of the date of the Notification as to the time and place of the meeting, if called, and the general nature of the business to be transacted thereat, or if no such meeting has been called, of the matter or matters to be voted upon and the date upon which the votes will be counted. Any Unit Holders meeting or the date upon which such votes, without a meeting, will be counted (regardless of whether the General Partner has called for such meeting or vote upon the request of Unit Holders or has initiated such event without eventwithout such request) shall be not less than 30 or more than 60 days following mailing of the Notification thereof by the General Partner. All expenses of the meetings, voting and such Notification shall be borne by the Limited Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)

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