Common use of Transferability of Depositary Units Clause in Contracts

Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A above. The Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 2 contracts

Samples: Geodyne Energy Income LTD Partnership Ii-B, Geodyne Energy Income LTD Partnership Ii-B

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Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A above. The Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 260.l41.ll of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 2 contracts

Samples: Geodyne Energy Income LTD Partnership Ii-B, Geodyne Energy Income LTD Partnership Ii-B

Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A 8.lA above. The Xhe Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 260.14l.ll of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Ii-B

Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A above. The Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 260.141.11 of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Ii-B

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Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A above. The Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 260.14l.11 of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Ii-B

Transferability of Depositary Units. A. Depositary Units may be transferred only as provided in this Agreement. The Depositary Units shall be evidenced by Depositary Receipts which shall be issued in registered form only and shall be transferable subject to the same restrictions and conditions applicable to transfers of Limited Partner Interests set forth in Section 8.1A above. The Depositary shall not recognize transfers of Depositary Units except by a transfer of Depositary Receipts therefor. Unit Holders who are residents of the State of California must meet the restrictions on transfers set forth in Rule 260.l41.11 260.14l.ll of Title 10 of the California Administrative Code. Except as provided in Section 8.4, no transfer of Depositary Receipts will be recorded or otherwise recognized by the Depositary or Limited Partnership for any purpose whatsoever unless and until the transferee has certified to the Depositary that it is an Eligible Investor and, unless the transfer is among members of the immediate family of the transferor Unit Holder, paid a transfer fee to reimburse the Depositary for all actual, reasonable and necessary expenses (not to exceed $50 per transaction) incurred in connection with the transfer.

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Ii-B

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