Admission of Initial Limited Partners. At and as of the Time of Delivery, the initial Record Holders of LP Units purchased pursuant to Section 4.2 shall automatically become Limited Partners and the Organizational Limited Partner shall automatically cease to be a Limited Partner.
Appears in 8 contracts
Samples: Agreement (Buckeye Partners L P), Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P)
Admission of Initial Limited Partners. At and as of the Time of Delivery, the initial Record Holders of LP Units purchased issued pursuant to Section 4.2 shall 2.6 or 4.1 automatically become became Limited Partners and the Organizational Limited Partner shall automatically cease to be a Limited PartnerPartners.
Appears in 1 contract
Samples: New England Investment Companies L P
