Removal of Managing General Partner. (a) The Managing General Partner may be removed at any time with the consent of Investor Partners owning a majority of the then outstanding Units, and upon the selection of a successor managing general partner or partners by Investor Partners owning a majority of the then outstanding Units.
Appears in 13 contracts
Samples: Limited Partnership Agreement (PDC 2002 B LTD Partnership), Limited Partnership Agreement (PDC 2002 C LTD Partnership), Limited Partnership Agreement (PDC 2003-a Lp)
Removal of Managing General Partner. (a) The Managing General Partner may be removed at any time time, upon 90 days prior written notice, with the consent of Investor Partners owning a majority of the then outstanding Units, and upon the selection of a successor managing general partner Managing General Partner or partners Partners, within such 90-day period by Investor Partners owning a majority of the then outstanding Units.
Appears in 3 contracts
Samples: Reef Oil & Gas Drilling & Income Fund, L.P., Limited Partnership Agreement (Reef Global Energy I Lp), Limited Partnership Agreement (Reef Global Energy Ii Lp)
Removal of Managing General Partner. (a) The Managing General Partner may be removed at any time timer, upon ninety (90) days prior written notice, with the consent of Investor Partners owning a majority of the then outstanding Units, and upon the selection of a successor managing general partner or partners partners, within such ninety day period by Investor Partners owning a majority of the then outstanding Units.
Appears in 1 contract
