Common use of Effect of Removal Clause in Contracts

Effect of Removal. If the Partnership exercises the options ------------------- described in Sections 9.2 or 9.3, then the Partnership shall redeem the removed Partner's Interest for the purchase price (the "Purchase Price") determined under Section 9.5 to be paid on the terms described in Section 9.6.

Appears in 2 contracts

Samples: Limited Partnership Agreement (North American Natural Gas Inc), Limited Partnership Agreement (North American Natural Gas Inc)

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Effect of Removal. If the Partnership exercises the options ------------------- described in Sections 9.2 or 9.3, then the Partnership shall redeem the removed Partner's Interest for the purchase price (the "Purchase Price") determined under Section 9.5 to be paid on the terms described in Section 9.6.

Appears in 2 contracts

Samples: Limited Partnership Agreement (BPK Resources Inc), Limited Partnership Agreement (BPK Resources Inc)

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