Transfers and Withdrawal Sample Clauses

Transfers and Withdrawal. (a) Occidental GP hereby converts 294 of its 295 General Partner Units in the Partnership into 294 Limited Partner Units in the Partnership. (b) Occidental GP does hereby transfer its 294 Limited Partner Units to Occidental LP2. (c) Occidental GP does hereby transfer its remaining 1 General Partner Unit to New Oxy GP. Concurrently New Oxy GP is hereby admitted into the Partnership as a General Partner of the Partnership. Concurrently, Occidental GP hereby withdraws from the Partnership. (d) New Oxy GP assumes all of the obligations of Occidental GP under or in respect of the Partnership.