Common use of Limitation on Units Repurchased Clause in Contracts

Limitation on Units Repurchased. A. At the sole discretion of the General Partner, the General Partner or its designated Affiliate may either (i) limit the time period in which it will accept tendered Units for repurchase or (ii) limit the amount of Units to be accepted for repurchase; provided, however, that in any event the annual repurchase offer will (i) remain open for at least thirty (30) days and (ii) the General Partner or its designated Affiliate will offer to annually repurchase (and will purchase validly presented Units) at least 10% of the outstanding Units of the Partnership. In the event the General Partner or its designated Affiliate imposes a limitation, the General Partner will either (i) specify such limitation(s) in the annual Repurchase Offer mailed to the Unit Holders or (ii) provide all Unit Holders with written notification of such limitation(s) at least thirty (30) days prior to the effective date of any such limitation(s).

Appears in 14 contracts

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

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Limitation on Units Repurchased. A. At the sole discretion of the General Partner, the General Partner or its designated Affiliate may either (i) limit the time period in which it will accept tendered Units for repurchase or (ii) limit the amount of Units to be accepted for repurchase; provided, however, that in any event the annual repurchase offer will (i) remain open for at least thirty (30) days and (ii) the General Partner or its designated Affiliate will offer to annually repurchase (and will purchase validly presented Units) at least 10% of the outstanding Units of the Partnership. In the event the General Partner or its designated Affiliate imposes a limitationsuch an event, the General Partner will either (i) specify such limitation(s) in the annual Repurchase Offer mailed to the Unit Holders or (ii) provide all Unit Holders with written notification of such limitation(s) at least thirty (30) days prior to the effective date of any such limitation(s).

Appears in 6 contracts

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

Limitation on Units Repurchased. A. At the sole discretion of the General Partner, the General Partner or its designated Affiliate may either (i) limit the time period in which it will accept tendered Units for repurchase or (ii) limit the amount of Units to be accepted for repurchase; provided, however, that in any event the annual repurchase offer will (i) remain open for at least thirty (30) days and (ii) the General Partner or its designated Affiliate will offer to annually repurchase (and will purchase validly presented Units) at least 10% of the outstanding Units of the Partnership. In the event the General Partner or its designated Affiliate imposes a limitation, the General Partner will either (i) specify such limitation(s) in the annual Repurchase Offer mailed to the Unit Holders Limited Partners or (ii) provide all Unit Holders Limited Partners with written notification of such limitation(s) at least thirty (30) days prior to the effective date of any such limitation(s).

Appears in 3 contracts

Samples: Geodyne Energy Income LTD Partnership I-F, Geodyne Energy Income LTD Partnership I-F, Geodyne Energy Income LTD Partnership I-F

Limitation on Units Repurchased. A. At the sole discretion of the General Partner, the General Partner or its designated Affiliate may either (i) limit the time period in which it will accept tendered Units for repurchase or (ii) limit the amount of Units to be accepted for repurchase; provided, however, that in any event the annual repurchase offer will (i) remain open for at least thirty (30) days and days, (ii) the General Partner or its designated Affiliate will offer to annually repurchase (and will purchase validly presented Units) at least 10% of the outstanding Units of the Partnership. In the event the General Partner or its designated Affiliate imposes a limitation, the General Partner will either (i) specify such limitation(s) in the annual Repurchase Offer mailed to the Unit Holders or (ii) provide all Unit Holders with written notification of such limitation(s) at least thirty (30) days prior to the effective date of any such limitation(s).

Appears in 2 contracts

Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Energy Income LTD Partnership Iii-G

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Limitation on Units Repurchased. A. At the sole discretion of the General Partner, the General Partner or its designated Affiliate may either (i) limit the time period in which it will accept tendered Units for repurchase or (ii) limit the amount of Units to be accepted for repurchase; provided, however, that in any event the annual repurchase offer will (i) remain open for at least thirty (30) days and (ii) the General Partner or its designated Affiliate will offer to annually repurchase (and will purchase validly presented Unitsunits) at least 10% of the outstanding Units of the Partnership. In the event the General Partner or its designated Affiliate imposes a limitation, the General Partner will either (i) specify such limitation(s) in the annual Repurchase Offer mailed to the Unit Holders or (ii) provide all Unit Holders with written notification of such limitation(s) at least thirty (30) days prior to the effective date of any such limitation(s).

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Iii-G

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