Common use of Admission of Initial Limited Partners Clause in Contracts

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC and the Initial Private Purchasers as described in Article V in connection with the Purchase Agreement, the General Partner shall admit such Persons to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Quest Resource Corp), Quest Resource Corp

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Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC and the Initial Private Purchasers as described in Article V in connection with the Purchase Agreement, the General Partner shall admit such Persons admitted the Initial Limited Partners to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 2 contracts

Samples: Signature (NGL Crude Terminals, LLC), Signature (Opr, LLC)

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC Holdings and the Initial Private Purchasers Underwriters as described in Article V in connection with the Purchase AgreementInitial Offering, the General Partner shall admit such Persons parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: El Paso Pipeline Partners, L.P.

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC Partner and the Initial Private Purchasers Underwriters as described in Article V in connection with the Purchase AgreementInitial Offering, the General Partner such parties shall admit such Persons automatically be admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: Williams Pipeline Partners L.P.

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC UCI and the Initial Private Purchasers Underwriters as described in Article V in connection with the Purchase AgreementInitial Offering, the General Partner shall admit such Persons parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: Universal Compression Partners, L.P.

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Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC EI and the Initial Private Purchasers Underwriters as described in Article V in connection with the Purchase AgreementInitial Offering, the General Partner shall admit such Persons parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: Exterran Partners, L.P.

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, QRC Partner and the Initial Private Purchasers Holdings as described in Article V in connection with the Purchase Contribution Agreement, the General Partner shall admit such Persons parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: American Midstream Partners, LP

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