Procedure for Repurchase. A. As of December 31, 1992 and annually thereafter (the "Appraisal Date") the General Partner shall appraise the Proved Reserves and other assets of the Partnership pursuant to the provisions set forth herein and shall assign a repurchase price (the "Repurchase Price") to the Unit Holders' Units in the Partnership in accordance with the provisions set forth herein. B. In arriving at the Repurchase Price, the General Partner shall consider those factors deemed relevant by it including, without limitation, the following: (i) the present value of the estimated future net revenues of the Partnership's Proved Reserves, calculated as described below; and (ii) the book value of all other Partnership assets and liabilities.
Appears in 9 contracts
Samples: Second Amendment to Agreement of Limited Partnership (Geodyne Energy Income LTD Partnership Iii-G), Agreement of Limited Partnership (Geodyne Energy Income LTD Partnership Iii-G), Second Amendment to Agreement of Limited Partnership (Geodyne Energy Income LTD Partnership Iii-G)
Procedure for Repurchase. A. As of December 31, 1992 and annually thereafter (the "Appraisal Date") the General Partner shall appraise the Proved Reserves and other assets of the Partnership pursuant to the provisions set forth herein and shall assign a repurchase price (the "Repurchase Price") to the Unit Holders' Units in the Partnership in accordance with the provisions set forth herein.
B. In arriving at the Repurchase Price, the General Partner shall consider those factors deemed relevant by it including, without limitation, the following:
(i) the present value of the estimated future net revenues of the Production Partnership's Proved Reserves, calculated as described below; and
(ii) the book value of all other Partnership assets and liabilities.
Appears in 8 contracts
Samples: Second Amendment to Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership Ii-B), Second Amendment to Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership Ii-B), Second Amendment to Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership Ii-B)
Procedure for Repurchase. A. As of December 31, 1992 and annually thereafter (the "Appraisal Date") the General Partner shall appraise the Proved Reserves and other assets of the Partnership pursuant to the provisions set forth herein and shall assign a repurchase price (the "Repurchase Price") to the Unit Holders' Units in the Partnership in accordance with the provisions set forth herein.
B. In arriving at the Repurchase Price, the General Partner shall consider those factors deemed relevant by it including, without limitation, the following:
(i) the present value of the estimated future net revenues of the NPI Partnership's Proved Reserves, calculated as described below; and
(ii) the book value of all other Partnership assets and liabilities.
Appears in 6 contracts
Samples: Amended and Restated Agreement of Limited Partnership (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Amended and Restated Agreement of Limited Partnership (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship), Second Amendment to Amended and Restated Agreement of Limited Partnership (Geodyne Institutional Pension Energy Income P-2 LTD Ptnship)
Procedure for Repurchase. A. As of December 31, 1992 and annually thereafter (the "Appraisal Date") the General Partner shall appraise the Proved Reserves and other assets of the Partnership pursuant to the provisions set forth herein and shall assign a repurchase price (the "Repurchase Price") to the Unit HoldersLimited Partners' Units Interests in the Partnership in accordance with the provisions set forth herein.
B. In arriving at the Repurchase Price, the General Partner shall consider those factors deemed relevant by it including, without limitation, the following:
(i) the present value of the estimated future net revenues of the Production Partnership's Proved Reserves, calculated as described below; and
(ii) the book value of all other Partnership assets and liabilities.
Appears in 3 contracts
Samples: Second Amendment to Amended and Restated Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership I-F), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership I-F), Second Amendment to Amended and Restated Agreement and Certificate of Limited Partnership (Geodyne Energy Income LTD Partnership I-F)
