Common use of Capitalization of the Partnership Clause in Contracts

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 Common Units, 5,642,424 subordinated units, each representing a limited partner interest in the Partnership (the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such Common Units, Subordinated Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Global Partners Lp)

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Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 7,428,139 Common Units, 5,642,424 subordinated units, each representing a limited partner interest in the Partnership (the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such Common Units, Subordinated Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Global Partners Lp)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 13,293,139 Common Units, 5,642,424 subordinated units, each representing a limited partner interest in the Partnership (the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such Common Units, Subordinated Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Global Partners Lp)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 75,160,105 Common Units and 22,640,000 Class A Units, 5,642,424 subordinated units, each representing a limited partner interest as such terms are defined in the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as the same has been and may be amended or restated at or prior to the Closing Date, the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such outstanding Common Units, Subordinated Units and Incentive Distribution Rights Class A Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP ActAct and as otherwise described in the Prospectus).

Appears in 1 contract

Samples: Underwriting Agreement (Markwest Energy Partners L P)

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Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 84,939,558 Common Units and 22,640,000 Class A Units, 5,642,424 subordinated units, each representing a limited partner interest as such terms are defined in the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as the same has been and may be amended or restated at or prior to the Closing Date, the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such outstanding Common Units, Subordinated Units and Incentive Distribution Rights Class A Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP ActAct and as otherwise described in the Prospectus).

Appears in 1 contract

Samples: Underwriting Agreement (Markwest Energy Partners L P)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 11,338,139 75,160,150 Common Units and 22,640,000 Class A Units, 5,642,424 subordinated units, each representing a limited partner interest as such terms are defined in the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as the same has been and may be amended or restated at or prior to the Closing Date, the “Subordinated Units”), and the Incentive Distribution Rights (as such term is defined in the Partnership Agreement). All such outstanding Common Units, Subordinated Units and Incentive Distribution Rights Class A Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP ActAct and as otherwise described in the Prospectus).

Appears in 1 contract

Samples: Underwriting Agreement (Markwest Energy Partners L P)

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