Common use of Option to Purchase Interest from Former Clause in Contracts

Option to Purchase Interest from Former. General Partner ------------------------------------------------------------------- In the event the General Partner withdraws or is removed and a successor General Partner is selected, the incoming General Partner and the departing General Partner shall, by mutual agreement, select an independent petroleum consultant to value the departing General Partner's interest in the Partnership. The incoming General Partner, or the Partnership, shall have the option to purchase at least 20% of the interest of the departing General Partner (including any Distributed Interests distributed to the General Partner pursuant to Section 6.1B) for the value determined by the independent appraisal. The departing General Partner's interest in the Partnership shall be transferred to the successor General Partner, and the successor General Partner shall assign to the departing General Partner a portion of Partnership Revenues, costs and rights to receive Partnership distributions as and when such items are allocated or distributed, as the case may be, by the Partnership equal to the percentage interest of the departing General Partner in the Partnership prior to removal, less the portion purchased by the successor General Partner or the Partnership.

Option to Purchase Interest from Former. General Partner ------------------------------------------------------------------- -------------------------------------------------------------------- In the event the General Partner withdraws or is removed and a successor General Partner is selected, the incoming General Partner and the departing General Partner shall, by mutual agreement, select an independent petroleum consultant to value the departing General Partner's interest in the Partnership. The incoming General Partner, or the Partnership, shall have the option to purchase at least 20% of the interest of the departing General Partner (including any Distributed Interests distributed to the General Partner pursuant to Section 6.1B) for the value determined by the independent appraisal. The departing General Partner's interest in the Partnership shall be transferred to the successor General Partner, and the successor General Partner shall assign to the departing General Partner a portion of Partnership Revenues, costs and rights to receive Partnership distributions as and when such items are allocated or distributed, as the case may be, by the Partnership equal to the percentage interest of the departing General Partner in the Partnership prior to removal, less the portion purchased by the successor General Partner or the Partnership.

Option to Purchase Interest from Former. General Partner ------------------------------------------------------------------- In the event the General Partner withdraws or is removed and a successor General Partner is selected, the incoming General Partner and the departing General Partner shall, by mutual agreement, select an independent petroleum consultant to value the departing General Partner's interest in the Partnership. The incoming General Partner, or the Partnership, shall have the option to purchase at least 20% of the interest of the departing General Partner (including any Distributed Interests distributed to the General Partner pursuant to Section 6.1B0.xX) for the value determined by the independent appraisal. The departing General Partner's interest in the Partnership shall be transferred to the successor General Partner, and the successor General Partner shall assign to the departing General Partner a portion of Partnership Revenues, costs and rights to receive Partnership distributions as and when such items are allocated or distributed, as the case may be, by the Partnership equal to the percentage interest of the departing General Partner in the Partnership prior to removal, less the portion purchased by the successor General Partner or the Partnership.

Option to Purchase Interest from Former. General Partner ------------------------------------------------------------------- -------------------------------------------------------------------- In the event the General Partner withdraws or is removed and a successor General Partner is selected, the incoming General Partner and the departing General Partner shall, by mutual agreement, select an independent petroleum consultant to value the departing General Partner's interest in the Partnership. The incoming General Partner, or the Partnership, shall have the option to purchase at least 20% of the interest of the departing General Partner (including any Distributed Interests distributed to the General Partner pursuant to Section 6.1B0.xX) for the value determined by the independent appraisal. The departing General Partner's interest in the Partnership shall be transferred to the successor General Partner, and the successor General Partner shall assign to the departing General Partner a portion of Partnership Revenues, costs and rights to receive Partnership distributions as and when such items are allocated or distributed, as the case may be, by the Partnership equal to the percentage interest of the departing General Partner in the Partnership prior to removal, less the portion purchased by the successor General Partner or the Partnership.