Common use of Additional Contributions by General Partner Clause in Contracts

Additional Contributions by General Partner. Upon the issuance of any additional Limited Partner Interests, the General Partner shall be required to make an additional Capital Contribution equal to (i) .01 divided by 99.99 times (ii) the amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except as set forth in the immediately preceding sentence and Article XII, the General Partner shall not be obligated to make any Capital Contributions to the Partnership.

Appears in 3 contracts

Samples: Genesis Energy Lp, Genesis Energy Lp, Genesis Energy Lp

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Additional Contributions by General Partner. Upon the issuance of any additional Limited Partner Interests, the General Partner shall be required to make an additional Capital Contribution equal to (i) .01 divided by 99.99 times (ii) the 1/99th of any amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except as set forth in the immediately preceding sentence and Article XII, the General Partner shall not be obligated to make any Capital Contributions to the Partnership.

Appears in 2 contracts

Samples: Genesis Energy Lp, Genesis Energy Lp

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Additional Contributions by General Partner. Upon the issuance of any additional Limited Partner Interests, the General Partner shall be required to make an additional Capital Contribution equal to (i) .01 divided by 99.99 times (ii) the 2/98ths of any amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except as set forth in the immediately preceding sentence and Article XII, the General Partner shall not be obligated to make any Capital Contributions to the Partnership.

Appears in 1 contract

Samples: Genesis Energy Lp

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