Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $1, for a 0.1% General Partner Interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 for a 99.9% Limited Partner Interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemed; and the initial Capital Contribution of the Organizational Limited Partner was refunded and the Organizational Limited Partner ceased to be a limited partner of the Partnership. Ninety-nine and nine tenths percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 5 contracts
Samples: Legacy Reserves Lp, Legacy Reserves Lp, Legacy Reserves Lp
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $1, 20.00 in exchange for a 0.1% General Partner Interest in the Partnership equal to a 2% Percentage Interest and was admitted as the General Partner of the Partnership, and the . The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 980.00 in exchange for a 99.9% Limited Partner Interest in the Partnership equal to a 98% Percentage Interest and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously and effective with the admission of the Initial another Limited Partners as limited partners of Partner to the Partnership, the interest interests of the Organizational Limited Partner was redeemed; were redeemed as provided in the Contribution Agreement and the initial Capital Contribution Contributions of (i) the Organizational Limited Partner was refunded and (ii) the Organizational Limited General Partner ceased to be a limited partner of the Partnershipwere refunded. Ninety-nine and nine tenths eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 4 contracts
Samples: Partnership Agreement (Rhino Resource Partners LP), Rhino Resource Partners LP, Royal Energy Resources, Inc.
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the Predecessor General Partner made an initial Capital Contribution to the Partnership in the amount of $1, 10.00 for a 0.1% General Partner Interest an interest in the Partnership and was admitted as the Predecessor General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 990.00 for a 99.9% Limited Partner Interest an interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution and Conveyance Agreement; and the initial Capital Contribution Contributions of the Organizational Limited each Partner was refunded were refunded; and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the Predecessor General Partner.
Appears in 3 contracts
Samples: Omnibus Agreement (Magellan Midstream Partners Lp), Omnibus Agreement (Magellan Midstream Holdings Lp), Omnibus Agreement (Magellan Midstream Partners Lp)
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $140.00, for a 0.12% General Partner Interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 1,960.00 for a 99.998% Limited Partner Interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution Agreement; and the initial Capital Contribution of the Organizational Limited Partner thereupon was refunded and the Organizational Limited Partner ceased to be a limited partner of the Partnershiprefunded. Ninety-nine and nine tenths eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 2 contracts
Samples: Partnership Agreement (DCP Midstream, LP), Partnership Agreement (DCP Midstream, LP)
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $1, 10 for a 0.1% General Partner Interest certain interest in the Partnership and was admitted as the General Partner and as a Limited Partner of the Partnership, and the . The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 990 for a 99.9% Limited Partner Interest an interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Initial Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemed; redeemed as provided in the Contribution and the Conveyance Agreement. The initial Capital Contribution Contributions of the General Partner and the Organizational Limited Partner was were thereupon refunded and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths One percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 2 contracts
Samples: Contribution Agreement (Atlas Pipeline Partners Lp), Contribution Agreement (Resource America Inc)
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $110, for a 0.1% General Partner Interest certain interest in the Partnership and was admitted as the General Partner and as a Limited Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 990 for a 99.9% Limited Partner Interest an interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Initial Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution and Conveyance Agreement; and the initial Capital Contribution Contributions of the Organizational Limited each Partner was refunded were thereupon refunded; and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths One percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
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Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $1, 10.00 for a 0.1% General Partner Interest an interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 990.00 for a 99.9% Limited Partner Interest an interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution and Conveyance Agreement; and the initial Capital Contribution Contributions of the Organizational Limited each Partner was refunded were refunded; and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 1 contract
Samples: Williams Energy Partners L P
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $120.00, for a 0.12% General Partner Interest in the Partnership and was has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 980.00 for a 99.998% Limited Partner Interest in the Partnership and was has been admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution Agreement; and the initial Capital Contribution Contributions of the Organizational Limited each Partner was refunded thereupon refunded; and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 1 contract
Organizational Contributions. β In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $140.00, for a 0.12% General Partner Interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 1,960.00 for a 99.998% Limited Partner Interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution Agreement; and the initial Capital Contribution of the Organizational Limited Partner thereupon was refunded and the Organizational Limited Partner ceased to be a limited partner of the Partnershiprefunded. Ninety-nine and nine tenths eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
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Samples: www.dcpmidstream.com
Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $120.00, for a 0.12% General Partner Interest in the Partnership and was has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $999 980.00 for a 99.998% Limited Partner Interest in the Partnership and was admitted as a Limited Partner of the Partnership. As of the Closing Date, simultaneously with the admission of the Initial Limited Partners as limited partners of the Partnership, the interest of the Organizational Limited Partner was redeemedredeemed as provided in the Contribution Agreement; and the initial Capital Contribution Contributions of the Organizational Limited Partner was refunded refunded; and the Organizational Limited Partner ceased to be a limited partner Limited Partner of the Partnership. Ninety-nine and nine tenths Ninety- eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
Appears in 1 contract
Samples: Preferred Unit Purchase Agreement