Certain Returns of Capital. Any portion of the capital contribution of the Limited Partnership to the Production Partnership which is distributed to the Limited Partnership pursuant to Section 3.4 of the Production Partnership Agreement shall be distributed promptly to the Unit Holders in proportion to the Depositary Units held by them as a return of part of their Subscription. In addition, the General Partner shall contribute cash to the Limited Partnership (with respect to which its Capital Account will be credited) in an amount equal to the amounts paid to the General Partner or its Affiliates from the Unit Holders' Subscriptions in respect of Commissions and Organization and Offering Costs attributable (on a proportionate basis) to the amount of the unexpended Unit Holders' Subscriptions so refunded, which cash shall be refunded pro rata to the Limited Partners (except that cash representing refunded Commissions shall be distributed to each Unit Holder in proportion to the manner in which Commissions attributable to its subscriptions were payable) together with the unexpended Unit Holders' Subscriptions.
Certain Returns of Capital. Any portion of the Capital Contribution of the Limited Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the Managing Partner, will not be committed for expenditure by the second anniversary of the Activation of the NPI Partnership will promptly be refunded to the Limited Partnership as a return of part of its Capital Contribution at the earlier of such determination or the second anniversary of the Activation of the NPI Partnership. In addition, the Managing Partner shall contribute cash to the NPI Partnership (with respect to which its Capital Accounts will be credited) in an amount equal to the amount paid to the Managing Partner in respect of the Acquisitions Fee attributable (on a proportionate basis) to the unexpended amount of Capital Contributions so refunded, which cash shall be refunded to the Limited Partnership together with the unexpended Capital Contributions so refunded. Geodyne Production shall be responsible for the obligation of the Managing Partner to contribute cash to the NPI Partnership pursuant to this Section 3.4. All amounts so refunded to the Limited Partnership shall reduce dollar for dollar its Capital Account.
Certain Returns of Capital. Any portion of the Capital Contribution of the Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the General Partner, will not be committed for expenditure by the second anniversary of the Activation of the Partnership will promptly be refunded to the Unit Holders as a return of part of their Capital Contributions at the earlier of such determination or the second anniversary of the Activation of the Partnership. In addition, the General Partner shall contribute cash to the Partnership (with respect to which its Capital Account will be credited) in an amount equal to that portion of the total of (i) the amount paid to the General Partner in respect of the Acquisitions and Operations Fee, (ii) the amount paid to the General Partner in consideration of its payment of the Organization and Offering Costs, and (iii) the Commissions, which are attributable (on a proportionate basis) to the unexpended amount of Capital Contributions so refunded, which cash shall be refunded to the Unit Holders together with the unexpended Capital Contributions so refunded. All amounts so refunded to the Unit Holders shall reduce dollar for dollar their Capital Accounts.
Certain Returns of Capital. Any portion of the Capital Contribution of the Limited Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the Managing Partner, will not be committed for expenditure by the second anniversary of the Activation of the Production Partnership will promptly be refunded to the Limited Partnership as a return of part of its Capital Contribution at the earlier of such determination or the second anniversary of the Activation of the Production Partnership. In addition, the Managing Partner shall contribute cash to the Production Partnership (with respect to which its Capital Accounts will be credited) in an amount equal to the amount paid to the Managing Partner in respect of the Acquisitions and Operations Fee attributable (on a proportionate basis) to the unexpended amount of Capital
Certain Returns of Capital. A. Any portion of the Capital Contribution of the Unit Holders (except for necessary operating capital and amounts reserved for identified activities) that has not been expended or committed for use for the acquisition of interests in Producing Properties, as evidenced by a written agreement, or in the determination of the General Partner will not be committed for such use, by the second anniversary of the Activation of the Partnership will promptly be refunded prorate to the Unit Holders as a return of part of their Capital Contributions at the earlier of such determination or the second anniversary of the Activation of the Partnership. In addition, the General Partner shall return cash to the Partnership in an amount equal to that portion of the total of (i) the amount paid to the General Partner in respect of the Acquisitions Fee, (ii) the amount paid to the General Partner in consideration of its payment of the Organization and Offering Costs, and (iii) the Commissions, which are attributable (on a proportionate basis) to the unexpended amount of Capital Contributions so refunded, which cash shall be refunded pro rata to the Unit Holders together with the unexpended Capital Contributions so refunded. All amounts so refunded to the Unit Holders shall reduce dollar for dollar their Capital Accounts.
Certain Returns of Capital. Any portion of the Capital Contribution of the Limited Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the Managing Partners, will not be committed for expenditure by the second anniversary of the Activation of the Production Partnership will promptly be refunded to the Limited Partnership as a return of part of its Capital Contribution at the earlier of such determination or the second anniversary of the Activation of the Production Partnership. Such funds will be deemed to have been committed for expenditure by such date to the extent they are payable under contractual agreements or understandings in effect on such date, or have been applied to a reasonable working capital reserve or have been set aside as a condition to obtaining any financing in the form of a compensating balance or similar arrangement. In addition, the Managing Partners shall contribute cash to the Production Partnership (with respect to which their Capital Accounts will be credited) in an amount equal to the amount paid to the Managing Partners in respect of the Management Fee attributable (on a proportionate basis) to the unexpended amount of Capital Contributions so refunded, which cash shall be refunded to the Limited Partnership together with the unexpended Capital Contributions so refunded. Geodyne Production and PW Production shall be responsible for the obligation of the Managing Partners to contribute cash to the Production Partnership pursuant to this Section 3.4 in the relative percentages which they allocated between themselves the payment of the Management Fee
Certain Returns of Capital. Any portion of the capital contribution of the Limited Partnership to the Production Partnership which is distributed to the Limited Partnership pursuant to Section 3.4 of the Production Partnership Agreement shall be distributed promptly to the Limited Partners in proportion to their Capital Contributions as a return of part of their Capital Contributions. In addition, the General Partners shall contribute cash to the Limited Partnership (with respect to which their Capital Accounts will be
Certain Returns of Capital. Any portion of the Capital Contribution of the Limited Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the Managing Partners, will not be committed for expenditure by the second anniversary of the Activation of the Production Partnership will promptly be refunded to the Limited Partnership as a return of part of its Capital Contribution at the earlier of such determination or the second anniversary of the Activation of the Production Partnership. Such funds will be deemed to have been committed for expenditure by such date to the extent they are payable under contractual agreements or understandings in effect on such date, or have been applied to a reasonable working capital reserve or have been set aside as a condition to obtaining any financing in the form of a compensating balance or similar arrangement. In addition, the Managing Partners shall contribute cash to the Production Partnership (with respect to which their Capital Accounts will be credited) in an amount equal to the amount paid to the
Certain Returns of Capital. Any portion of the Capital Contribution of the Limited Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the Managing Partner, will not be committed for expenditure by the second anniversary of the Activation of the Production Partnership will promptly be refunded to the Limited Partnership as a return of part of its Capital Contribution at the earlier of such determination or the second anniversary of the Activation of the Production Partnership. In addition, the Managing Partner shall contribute cash to the Production Partnership (with respect to which its Capital Accounts will be
Certain Returns of Capital. Any portion of the Capital Contribution of the Partnership (except for necessary operating capital) that has not been expended or that is not, or in the determination of the General Partner, will not be committed for expenditure by the second anniversary of the Activation of the Partnership will promptly be refunded to the Unit Holders as a return of part of their Capital Contributions at the earlier of such determination or the second anniversary of the Activation of the Partnership. In addition, the General Partner shall contribute cash to the Partnership (with respect to which its Capital Account will be credited) in an amount equal to that portion of the total of (i) the amount paid to the General Partner in respect of the Acquisitions and Operations Fee, (ii) the amount paid to the General Partner in consideration of its payment of the Organization and Offering Costs, and
