Common use of Sale If No Consent Clause in Contracts

Sale If No Consent. Any Partnership asset which would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner or to itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Atlas America Public #15-2005 (B) L.P.), Limited Partnership Agreement (Atlas America Public #15-2005 Program), Limited Partnership Agreement (Atlas America Public #14-2005 (A) LP)

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Sale If No Consent. Any Partnership asset which would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 5 contracts

Samples: Limited Partnership Agreement (DGOC Series 28, L.P.), Limited Partnership Agreement (DGOC Series 28, L.P.), Limited Partnership Agreement (Atlas Resources Series 28-2010 L.P.)

Sale If No Consent. Any Partnership asset which would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner, or to the General Partner or to itself or its Affiliates, including an Affiliated Income ProgramProgram sponsored by an Affiliate of the General Partner, at fair market value as determined by an Independent Expert selected by the Managing General PartnerExpert.

Appears in 2 contracts

Samples: Partnership Agreement (Atlas Growth Partners, L.P.), Partnership Agreement (Atlas Growth Partners, L.P.)

Sale If No Consent. Any Partnership asset which would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General PartnerExpert.

Appears in 2 contracts

Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Partnership Agreement (Atlas Growth Partners, L.P.)

Sale If No Consent. Any Partnership asset which would otherwise be distributed in-in kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (DGOC Series 18C LP)

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Sale If No Consent. Any Partnership partnership asset which would otherwise be distributed distributable in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, Affiliates at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Atlas America Public #9 Ltd.)

Sale If No Consent. Any Partnership asset which that would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Atlas America Series 27-2006 LP)

Sale If No Consent. Any Partnership asset which would otherwise be distributed in-kind to a Participant, except for the failure or refusal of the Participant to give his written consent to the distribution, may instead be sold by the Managing General Partner at the best price reasonably obtainable from an independent third-party, who is not an Affiliate of the Managing General Partner Partner, or to the Managing General Partner itself or its Affiliates, including an Affiliated Income Program, at fair market value as determined by an Independent Expert selected by the Managing General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (DGOC Series 18B LP)

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